Copy and Edit

COSTS, REVENUES AND PROFITS

Description

Mental map about costs, profits and revenues in a business
Milagros Badillo Palomino
Mind Map by Milagros Badillo Palomino, updated more than 1 year ago
Milagros Badillo Palomino
Created by Milagros Badillo Palomino over 7 years ago
116
0
0

Resource summary

COSTS, REVENUES AND PROFITS
  1. COSTS
    1. Total expediture incurred by a business
      1. Necessary to meet the operations of the business
      2. TYPES
        1. CHANGE
          1. Fixed
            1. Variable
              1. Semivariable
              2. ALLOCATION
                1. Direct
                  1. Indirect
              3. REVENUES
                1. Money received by a business as a result of trading operations
                  1. Formmula: Total Revenues= Unitary Price X Quantity Sold
                2. PROFITS
                  1. Formula: Total Revenues - Total Costs
                    1. Indicator of business success
                      1. If possitive, indicates good state
                        1. If negative, indicates a bad state
                      Show full summary Hide full summary

                      Want to create your own Mind Maps for free with GoConqr? Learn more.

                      Similar

                      Transportation: costing & pricing
                      Memo Gtz
                      O.O.
                      Lady Abigail Leon Cruzado
                      Design of a total productive maintenance model for effective implementation: Case study of a chemical manufacturing company
                      LUIS GOENAGA
                      Type of costs
                      LindaDL
                      Organizational Objectives
                      Lady Abigail Leon Cruzado
                      Quick tips to improve your Exam Preparation
                      James Timpson
                      Biology B2.3
                      Jade Allatt
                      IB Biology Topic 4 Genetics (SL)
                      R S
                      Guia rápido: Bem-vindo a GoConqr
                      miminoma
                      GCSE AQA Chemistry 2 Salts & Electrolysis
                      Lilac Potato
                      Romeo & Juliet Quotes
                      Lucy Hodgson
                      Browse Library