unit 43 Flashcards
1
Q
define income statement
A
a fininacial document that shows revenue and costs of a busniess over a past period of time
2
Q
define capital employed
A
total value of capital used in a business
3
Q
what is capital employed equal to
A
shareholder funds plus non current liabilities
4
Q
define depreciación of assets
A
it’s the fall in the value of assets over a period of time
5
Q
dividends define
A
money payed to shareholders that represent their share of ownership
6
Q
what is retained profit
A
money kept in the business from profit usually spent for expansion
7
Q
what is retained profit equal to
A
profit -( tax + dividends )
8
Q
gross profit ?
A
revenue - variable costs
9
Q
profit ?
A
gross profit - fixed costs
10
Q
Roce
A
profit / capital employed x 100
11
Q
gpm
A
gross profit / revnue x 100
12
Q
pm
A
profit / revenue x 100
