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Exam (elaborations)
Accounting & Finance. Unsurpassed Understanding.
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3
March 2024
2023/2024
A
Break-Even is
Company goes from making a loss to making a profit.
Fixed Costs
Costs you pay even when no sales are made.
Vairable Costs
Costs which vary depending on output.
Total Cost (Break-even)
Fixed Cost + Vairable Cost
Creditors
Those to whom the firm owes money for goods or services it has had but not yet paid
for.
Debtors
People who owe your company money/
Shareholders
Those who own shares in a company or business
Thompson12
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