BTEC Business Unit 2 Finance

Front

Cost of Sales

Back

The cost of producing a product or a service

Front

Expenditure is defined as:

Back

All of the money that goes out of a business

Front

Which formula would calculate sales revenue? Options: Selling Price + Number of Items Sold, Selling Price x Variable Costs, Selling Price x Number of Items Sold, Selling Price x Cost of Sales

Back

Selling Price x Number of Items Sold

Front

When has a business made a net profit?

Back

Revenue is greater than All Costs

Front

Which profit is the largest one that a business will make?

Option: Net or Gross

Back

Gross Profit

Front

Overheads are defined as;

Back

The everyday running costs of a business

Front

What is missing from this formula to calculate gross profit?

Revenue (minus) _____

Back

Cost of sales

Front

Which number shows the revenue line? Options: 1, 2, 3, 4

Back

1

Front

Select the number which shows the variable costs line. Options: 1, 2, 3, 4

Back

4

Front

The point where revenue and costs are equal is known as?

Back

Break Even