Unit 1.3 4.0 / 5 based on 1 rating ? Business StudiesFinanceGCSEAQA Created by: EmilyDysonCreated on: 29-04-15 18:44 What is Finance? Money raised by the business so that they can trade. 1 of 9 What is Profit? What is left over after costs have been deducted. 2 of 9 What is Loss? When costs are higher than sales revenue. 3 of 9 What are Costs? the expenses a business pays for in producing goods and services. 4 of 9 What is Revenue/Turnover? Total sales a business recieves from selling goods or services. 5 of 9 What is Cash? Money that the business has availability to straight away, such as money money in its bank. 6 of 9 What is a Forecast? A technique where the business attempts to estimate future sales, cash flow or other financial variables. 7 of 9 What is a Cash Flow Forecast? A prediction of a businesses future cash inflows and out-flows, showing the closing balance 8 of 9 What is Net Cash Flow? The difference between receipts and payments. Net Cash Flow = receipts - payments 9 of 9
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