465719
Description
Mind Map by molly.stringer, updated more than 1 year ago
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Created by molly.stringer
about 11 years ago
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Estimating
revenues, costs
and profits.
- Costs
- money spent on;
- raw materials
- labour
- machinery
- Bills
- raw materials
- money spent on;
- Revenue
- Price X quantity
- money coming into a
business from trading/sale
- Money in,
Turn over
- Price X quantity
- Profit
- revenue - cost
- 2 types of profit
- Gross profit
- revenue - cost of sales
(money in)
- cost of sales = all bills related
to making a product
- cost of sales = all bills related
to making a product
- revenue - cost of sales
(money in)
- Net profit
- gross profit - expensive
- gross profit - expensive
- Gross profit
- revenue - cost
- cost of sales
- cost of selling items sold,
NOT ALL ITEMS
- cost of selling items sold,
NOT ALL ITEMS
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