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Summary Unit 3 Personal and Business Finance ALL FORMULAS

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This document includes every single formula for the Unit 3 Personal and Business Finance exam.

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Connected book

Catherine Richards, Rob Dransfield BTEC Level 3 National Business Student Book 2

Edition:mei 2010
ISBN:9781846906343
Edition:3

Written for

Study Level: BTEC
Examinator: PEARSON (PEARSON)
Subject: Business 2016 NQF
Unit: Unit 3 - Personal and Business Finance

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Document information

Summarized whole book?: No
Which chapters are summarized?: Unit 3
Uploaded on: January 13, 2022
File latest updated on: January 13, 2022
Number of pages: 2
Written in: 2021/2022
Type: Summary

Subjects

unit 3
btec
business
finance
personal and business finance

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Total costs
Breakeven:
Fixed + variable costs

Total revenue (volume) Quantity sold

Total revenue (monetary) Sales price x quantity sold

Breakeven point Where total revenue = total costs

Breakeven point (units) Fixed cost/(sales price - variable cost)

Breakeven point (units) Fixed cost/unit contribution

Unit contribution Sales price - variable cost

Margin of safety Output - breakeven point

Profit Margin of safety x unit contribution

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BTEC Business Level 3

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Summary Unit 3 Personal and Business Finance ALL FORMULAS

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