Finance Business 4 0.0 / 5 ? Business StudiesFinanceGCSEWJEC Created by: Jordan OCreated on: 09-03-18 08:15 What are fixed costs? They are costs that are constant and they do not vary with the output 1 of 6 What are variable costs? Costs that vary with production 2 of 6 What are total costs? Direct costs + Indirect costs 3 of 6 What is a turnover? The amount of money taken by a business in a particular period 4 of 6 What is a balance sheet used for? To give users an idea of the company's financial position 5 of 6 What is a profit and loss account used for? To show the profit or loss a company made over a financial year 6 of 6
Comments
No comments have yet been made