Btec business formulas Study guides, Class notes & Summaries

BTEC Business Studies Formulas and Keywords Unit 2 and Unit 3 with Correct Answers Revenue - CORRECT ANSWER The money coming into the business Fixed Costs - CORRECT ANSWER Costs that stay the same Variable Costs - CORRECT ANSWER Costs that change with output Total Costs - CORRECT ANSWER = Fixed Costs + Variable Costs Total Variable Costs - CORRECT ANSWER = Variable Cost * Quantity Profit formula - CORRECT ANSWER =Revenue - Total Costs Profit - CORRECT ANSWER Money made by the business...

BTEC Business Formulas Exam Questions And Answers 2023

BTEC Business Studies Formulas and Keywords Unit 2 Questions And Answers 2023

BTEC Business Formulas questions with complete solutions 2023Net Cash Flow Total inflows - total outflows Closing balance Opening balance + net cash flow Sales revenue price x quantity sold Variable costs cost per unit x quantity made Total costs fixed costs + variable costs Profit sales revenue - total costs Break even point Fixed costs / contribution per unit Contribution per unit Selling price - variable cost per unit Total contr...

BTEC UNIT 7 BUSINESS DECISION MAKING: FORMULAS

Net Cash Flow (Cash Flow Forecast) - ANSWER-= Total Income (inflows) - Total Expenses (Outflows) Closing Balance (Cash Flow Forecast) - ANSWER-= Opening Balance + Net Cash Flow Total Cost - ANSWER-= Fixed Costs + Variable Costs Cost per Unit (Average Total Cost) - ANSWER-= Total Cost / Output Variable Cost per Unit - ANSWER-= Total Variable Cost / Output Total Variable Cost - ANSWER-= Variable Cost per Unit x Output Revenue - ANSWER-= Price x Quantity Sold Contribution per U...

BTEC Business Studies Formulas and Keywords Unit 2 with complete solutions 2023Revenue The money coming into the business Fixed Costs Costs that stay the same Variable Costs Costs that change with output Total Costs = Fixed Costs + Variable Costs Total Variable Costs = Variable Cost * Quantity Profit formula =Revenue - Total Costs Profit Money made by the business Budget A financial plan for the future Revenue formula = Selling pri...

Net Cash Flow - Answer - Total inflows - total outflows Closing balance - Answer - Opening balance + net cash flow Sales revenue - Answer - price x quantity sold Variable costs - Answer - cost per unit x quantity made Total costs - Answer - fixed costs + variable costs Profit - Answer - sales revenue - total costs Break even point - Answer - Fixed costs / contribution per unit Contribution per unit - Answer - Selling price - variable cost per unit Total contribution - Ans...

BTEC Business Formulas Exam 27 Questions with Answers Net Cash Flow - CORRECT ANSWER Total inflows - total outflows Closing balance - CORRECT ANSWER Opening balance + net cash flow Sales revenue - CORRECT ANSWER price x quantity sold Variable costs - CORRECT ANSWER cost per unit x quantity made Total costs - CORRECT ANSWER fixed costs + variable costs Profit - CORRECT ANSWER sales revenue - total costs Break even point - CORRECT ANSWER Fixed costs / contribution per unit ...

BTEC Business Finance Formulas Exam Questions And Answers 2023