BGE Finance 2
Finance terms 2
What R is Cost of Sales divided by Average Inventory. What A is Opening Inventory plus Closing Inventory divided by 2. What P is Gross Profit less Expenses. What E is Expenses over Net Sales times 100. What P is Profit for the year over Net Sales times 100. What C is how you could show the Break Even Point so it is easy to read. What F is a type of cost eg Rent. What V is a type of cost eg Labour. What C is what goes towards the payment of Fixed Costs. What P is made when Revenue is greater than Costs. What L is made when Revenue is less than Costs. What O is when you owe money to the bank. What C is where a Bank Overdraft would go in the Statement of Financial Position. What L is where a Loan would go in the Statement of Financial Position. What E is what the owner invests in a company. What P is when 2 or more investors come together to form a company. What F is when someone opens a branch of a well known company eg MacDonalds. What S is when someone goes into business by themselves - alone. What C is what you do when you calculate ratios for 2 businesses and analyse them . What G is Sales less Cost of Sales.
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