Statements of comprehensive income key terms 0.0 / 5 ? Business StudiesFinancial PlanningA2/A-levelEdexcel Created by: meganoreilly3Created on: 02-02-18 12:39 General overheads or indirect costs of the business Administration expenses 1 of 10 Operating profit - cost of finance Profit for the year before tax 2 of 10 Expenses directly related to the selling of products Selling expenses 3 of 10 Refers to the production costs of a business Cost of sales 4 of 10 Money business receives from selling goods and services Revenue 5 of 10 Business have to pay this to the government Tax 6 of 10 Revenue - cost of sales Gross profit 7 of 10 Business borrows money it will have to pay interest to the lender Finance costs 8 of 10 Gross profit - selling and admin costs Operating profit 9 of 10 Amount of money left over from all expenses, including taxation, have been deducted from revenue Profit for the year after tax 10 of 10
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