paper 2 - business

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  • Created by: UserCLS
  • Created on: 03-06-22 15:02
current assets - current liabilities is the formula for what
working capital
1 of 14
when total costs = total revenue
break even
2 of 14
a safety net after the breaking point before making a loss. calculated by: total output - break even point
margin of safety
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a liquidity ratio, 1.5:1 is the ideal ratio
calculated by: current assets / current liabilities
current ratio
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what does ROCE stand for
return on capital employed
5 of 14
a snapshot of the business' finances, aka income statement
balance sheet
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the percentage of profit gained after revenue
profitability
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when the budget has predicted revenue lower than they actually were or that costs were higher in the budget
favourable variance
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another name for time series analysis
quantitative sales forecasting
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what is the acronym for strengths weaknesses opportunities and threats
swot
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what does the second E in PESTLE stand for
environmental
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what is calculated by actual output / maximum output x100%
capacity utilisation
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which ratio % is calculated by non-current liabilities/ capital employed
gearing ratio
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which ratio % is calculated by operating profit / capital employed
ROCE
14 of 14

Other cards in this set

Card 2

Front

when total costs = total revenue

Back

break even

Card 3

Front

a safety net after the breaking point before making a loss. calculated by: total output - break even point

Back

Preview of the front of card 3

Card 4

Front

a liquidity ratio, 1.5:1 is the ideal ratio
calculated by: current assets / current liabilities

Back

Preview of the front of card 4

Card 5

Front

what does ROCE stand for

Back

Preview of the front of card 5
View more cards

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