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Business formulas

business-formulas

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What is profit?

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How do you calculate profit?

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Is this the same as net profit?

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what is revenue?

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income from

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products.

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Select all the other terms used to describe revenue

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How is revenue calculated?

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Quantity sold X

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What is break even?

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Break even is the minimum level of

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that

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be sold for

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to cover

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costs exactly.

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How do you calculate the break even level of output?

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What is contribution per unit?

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Match the cost/profit to it's defenition, formula or example

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Match the text
Costs
Surplus
Total costs (definition)
Total costs (formula)
Fixed costs (defintion)
Fixed costs (examples)
Variable costs (definition)
Variable costs (examples)
Gross profit (defninition)
Gross profit (formula)
Net profit (definition)
Net profit (formula)

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Fixed costs + Variable costs
Revenue-Total costs
The amount of money spent by a business on production depending on a level of output
Raw materials, packaging, Piece rate labour, Commission
Insurance, rent, salaries, utilities
Something that require the payment of a specified sum of money before it can be acquired or done
The surplus left over after paying off both the variable and fixed costs
Revenue-Variable costs
Those that change with the level of output
The surplus left over from revenue after paying all variable costs
Costs that don’t vary with the level of output
Money left over when requirements are met (also known as excess)

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