topic f 0.0 / 5 ? Business StudiesFinanceGCSEWJEC Created by: conesplitterCreated on: 20-02-15 12:49 Profit of loss equation Profit (or loss) = income - costs 1 of 6 break even occurs when income - costs = zero 2 of 6 costs equation costs = income-profit 3 of 6 income equation Income = costs + profit 4 of 6 Predict To attempt to say in advance that something will 5 of 6 Budget forecast (in business) A budget forecast is an attempt to predict what might happen in the future in terms of money into a business and money out of a business 6 of 6
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