Profit Flashcards
1
Q
Amortisation
A
The writing of an intangible asset
2
Q
Cost of sales
A
The direct costs of the business
3
Q
Exceptional costs
A
A one off cost
4
Q
Gross profit
A
The difference between revenue and cost of sales
5
Q
Gross profit margin
A
Gross profit expressed as a percentage of revenue
6
Q
Operating profit
A
Difference between gross profit and business overheads
7
Q
Operating profit margin
A
Operating profit expressed as a percentage of revenue
8
Q
Net profit
A
Difference between operating profit and financial costs such as interest
9
Q
Net profit margin
A
Net profit expressed as a percentage of revenue
10
Q
Statement of comprehensive income
A
A financial document showing a businesses income and expenditure over a period of time
11
Q
Revenue or turnover
A
The total income of the business resulting from sales
