100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Unit 2 - Business Resources Task 4 P6, M4, D3 £5.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. Pearson (PEARSON)
  4.  
  5. Business Studies
  6.  
  7. Unit 2 - Business Resources

Essay

Unit 2 - Business Resources Task 4 P6, M4, D3

4 reviews
 938 views  3 purchases

This is the full Unit 2 Task 4 which includes P6, M4, D3. I received all distinctions for my work. Do not copy word for word as this is a copyrighted piece of work and copying will be an act of Plagiarism. Illustrate the use of budgets as a means of exercising financial control of a selected organi...

[Show more]

Preview 1 out of 5  pages

Document information

  • February 28, 2017
  • 5
  • 2015/2016
  • Essay
  • Unknown
  • Distinction*

Subjects

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

All for this textbook (543)

Written for

All documents for this subject (40)

4  reviews

review-writer-avatar

By: flowerpower101 • 5 year ago

review-writer-avatar

By: lauraahelps • 5 year ago

review-writer-avatar

By: luisalexandre12 • 7 year ago

review-writer-avatar

By: mforhan20 • 7 year ago

Seller

avatar-seller
HelpingHand1

Reviews received

Content preview

What is budgeting?
Budgeting is the practice of creating a plan to spend money. This spending plan is called a
budget. Creating a spending plan helps a business to find out in advance whether they have
enough money to do the things they want to do. If a business does not have enough money to
do things they would like to do, they can use the planning process to prioritize their spending
and change the focus of where they want their money to be spent.

Variable and Fixed costs used in break-even
Variable costs are the ones that vary with sales. For instance, an electronics shops that buys in
certain electronics for an average of £20 each but resells the electronics for a higher price.
For the electronics store, the variable costs would be £20 per unit.

Fixed costs are the ones that do not vary with sales. For example, (using the electronics store
again), one of the fixed costs they would pay is the rent. The rent would stay the same
whether or not the shops sold lots or not very much products.

The break-even point is the point in which the money coming in equals the money going out.
The break-even point helps businesses in knowing when they’ll start to get a profit.

Break-even chart & Problems
Break-Even point = Fixed Cost / Contribution

Break-Even point = £39,260/£15 = £2617

Contribution = Price sold for – Variable costs

Contribution = £130 - £15 = 115

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller HelpingHand1. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £5.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53068 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£5.99  3x  sold
  • (4)
Add to cart
Added