Business studies Flashcards
1
Q
A
2
Q
Break even equation
A
fixed costs/(unit price - variable price per unit)
3
Q
COGS( Cost Of Goods Sold )
A
Open stock + purchases — closing stock= COGS
4
Q
Net profit
A
Net profit = Gross profit - expenses
5
Q
Gross profit
A
Sales revenue — COGS
