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BTEC Business unit 3 formulas Comprehensive Questions with Verified Answers Graded A+

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BTEC Business unit 3 formulas Comprehensive Questions with Verified Answers Graded A+

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BTEC Business unit 3 formulas
Comprehensive Questions with
Verified Answers Graded A+
Total Revenue (TR) - Answer: Quantity sold X selling price per unit



Total Variable Cost (TVC) - Answer: Quantity sold X variable costs per unit



Total Cost (TC) - Answer: Fixed costs + Total Variable Costs



Profit (or loss) - Answer: Total revenue- Total costs



Net cash flow - Answer: Total inflows - total outflows (amount of cash available)



Closing balance - Answer: Net Cash Flow + Opening balance (amount of cash available at the
start of the month)



Opening balance - Answer: Closing balance from previous month (amount of cash available at
the end of the month)



Break-even point (BEP) - Answer: Step 1-

Selling price per unit - variable cost per unit = contribution per unit

Step 2-

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