Business Studies UNIT 3 formulae

Description

GCSE Business Studies Flashcards on Business Studies UNIT 3 formulae, created by Rhian Morgan on 10/04/2017.
Rhian Morgan
Flashcards by Rhian Morgan, updated more than 1 year ago
Rhian Morgan
Created by Rhian Morgan about 7 years ago
7
1

Resource summary

Question Answer
Net Cash Flow Inflow-Outflow
Total Cost Fixed Costs+ Variable Costs (FC+VC)
Total Revenue Quantity x Price
Profit/Loss Total Revenue- Total Costs (TR-TC)
Variable Costs Total Costs- Fixed Costs (TC-FC)
Closing Balance Opening Balance + Net Cash Flow (OB + NCF)
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