BUSINESS STUDIES IGCSE - BUSINESS FINANCE

Total cash inflow minus total cash outflow

• closing balance

• net cash flow

• opening balance

• total outflow

opening balance plus net cash flow

• closing balance

• net cash flow

• opening balance

• total outflow

an ability of the business to pay its short term debts

• liability

• illiquid

• liquidity

• insolvency

a business account that provides information about business revenue and profit

• financial statement

• cash flow forecast

• analysis of account

• income statement

the difference between the revenue earned from selling products and the cost of making those products

• retained profit

• net profit

• gross profit

the difference between the revenue from sales and total costs or the difference between gross profit and expenses.

• profit

• gross profit

• retained profit

ratio between gross profit and revenue

ratio between liquid assets and current liabilities

Gross Profit Margin, Profit Margin and Return on Capital Employed