unit 1 definitions

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  • Created by: james
  • Created on: 17-05-13 13:22
this is an external contact who provides a business with support and advice, sometimes for free.
Adviser
1 of 7
a fixed amount loan from a bank which is usually used to fund long term assets.
Bank loan
2 of 7
borrowings from a bank on a current account which are payable on demand.
Bank overdraft
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the point at which the total sales of a business equal total cost, where the business is not making a profit or a loss.
Break even
4 of 7
the movement of cash in and out of a business.
cash flow
5 of 7
the difference between total sales and total variable costs.
Contribution
6 of 7
the amounts incurred by a business as a result of its trading operations.
cost
7 of 7

Other cards in this set

Card 2

Front

a fixed amount loan from a bank which is usually used to fund long term assets.

Back

Bank loan

Card 3

Front

borrowings from a bank on a current account which are payable on demand.

Back

Preview of the front of card 3

Card 4

Front

the point at which the total sales of a business equal total cost, where the business is not making a profit or a loss.

Back

Preview of the front of card 4

Card 5

Front

the movement of cash in and out of a business.

Back

Preview of the front of card 5
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