Finance 2

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Start-up costs
Definition:
1 of 19
Operating costs
Definition:
2 of 19
Fixed costs
Definition:
3 of 19
Variable costs:
Definition:
4 of 19
What is the formula for calculating variable costs?
Variable costs =
5 of 19
Direct costs
Definition:
6 of 19
Indirect costs
Definition:
7 of 19
Total costs
Definition:
8 of 19
What is the formula for working out total costs?
Total costs =
9 of 19
Revenue
Definition:
10 of 19
What are three other sources of revenue?
Three other sources of revenue are:
11 of 19
What is the formula used to calculate revenue?
Revenue =
12 of 19
Expenditure
Definition:
13 of 19
Capital expenditure
Definition:
14 of 19
Revenue expenditure
Definition:
15 of 19
Overheads
Definition:
16 of 19
Profit
Definition:
17 of 19
Loss
Definition:
18 of 19
What is the formula for calculating profit/loss?
Profit =
19 of 19

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Card 2

Front

Definition:

Back

Operating costs

Card 3

Front

Definition:

Back

Preview of the back of card 3

Card 4

Front

Definition:

Back

Preview of the back of card 4

Card 5

Front

Variable costs =

Back

Preview of the back of card 5
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