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BTEC LEVEL 3 BUSINESS: UNIT 3 - PERSONAL & BUSINESS FINANCE ALL FORMULAS! QUESTIONS AND ANSWERS WITH SOLUTIONS 2024 $14.99   Add to cart

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BTEC LEVEL 3 BUSINESS: UNIT 3 - PERSONAL & BUSINESS FINANCE ALL FORMULAS! QUESTIONS AND ANSWERS WITH SOLUTIONS 2024

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BTEC LEVEL 3 BUSINESS: UNIT 3 - PERSONAL & BUSINESS FINANCE ALL FORMULAS! QUESTIONS AND ANSWERS WITH SOLUTIONS 2024

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  • August 19, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BTEC
  • BTEC
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BTEC LEVEL 3 BUSINESS: UNIT 3 -
PERSONAL & BUSINESS FINANCE ALL
FORMULAS! QUESTIONS AND
ANSWERS WITH SOLUTIONS 2024
- ANSWER

Net Cash Flow - ANSWER Total Cash Inflow - Total Cash Outflow

Closing Balance - ANSWER Opening Balance + Net Cash Flow

Total Revenue - ANSWER Selling Price X Quantity Sold

Total Costs - ANSWER Fixed Cost + Total Variable Costs

Profit - ANSWER Total Revenue - Total Costs

Total Contribution - ANSWER Sales Revenue - Total Variable Costs

Contribution (Per Unit) - ANSWER Selling Price - Variable Cost (per unit)

Profit (Using Contribution) - ANSWER Contribution Per Unit x Margin of Safety

Break-Even Output - ANSWER Total Fixed Costs / Unit Contribution

Margin of Safety - ANSWER Actual Sales - Break-Even Level of Output

Revenue - ANSWER Unit Price X Quantity Sold

Gross Profit - ANSWER Sales Revenue - Cost of Goods Sold

Cost of Goods Sold - ANSWER Opening Inventory + Purchases - Closing Inventory

Profit/Loss of the Year - ANSWER Gross Profit - Expenses + Other Income

Net Book Value - ANSWER Cost - Depreciation

Net Current Assets - ANSWER Current Assets - Current Liabilities

Net Assets - ANSWER Non-Current Assets + Net Current Assets - Long Term Liabilities

Capital Employed - ANSWER Opening Capital + Profit of the Year less drawings

Balance Sheet - ANSWER Net Assets = Capital Employed

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