14012021 Flashcards
1
Q
How do you calculate your BEP?
A
Fixed Costs/(Unit Price-Unit Variable Costs)
2
Q
How do you calculate your Margin of Safety?
A
Current Sales - BEP
3
Q
Define Revenue
A
Revenue is income gained by selling g&s
4
Q
Aims and Objectives
A
Survival, Profit, Markey Share, Sales, Financial Security
5
Q
Define Interest
A
Cost for borrowing and the reward for saving
6
Q
Calculate Interest on Loans (%)
A
(TOtal Repayment - Borrowed Amount)/Borrowed Amount *100
7
Q
Sources of short-term business finance
A
Overdraft, Trade Credit, Personal Savings
8
Q
Sources of long-term business finance
A
Loans, Selling Shares, Hiring Venture Capitalists, Crowd-Funding, Retained Profit4
