Unit 3
- Created by: liznick
- Created on: 28-04-14 20:43
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Clues
- are a business’s cash and capital resources. An assessment of a business’s financial resources involves examining profits and profitability as well as cash flows, working capital requirements and company financing (9, 9)
- are an organisations fixed assets such as premises and vehicles, as well as tangible items such as stocks of raw materials, components and finished goods (8, 9)
- are the targets or goals of the entire organisation (8, 10)
- Breakeven point= total fixed costs ÷ selling price- variable cost per unit (9, 9)
- is one of the methods used to monitor company performance. It is the comparison of what actually happened with what the business budgeted (8, 8)
- is the process of distributing resources effectively so that the minimum number of resources are in the right place at the right time (10, 10)
- occurs when the business’s actual results are worse than those anticipated and planned for in the budget (7, 8)
- Profit= revenue- total costs (9, 6)
- provides protection for the owners of a company. They only risk the amount they have invested in the business in the event of its failure. (7, 9)
- Revenue= quantity sold x average selling price (8, 7)
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