Exam (elaborations)
BTEC business Exam questions with solutions
- Course
- Institution
Exam of 2 pages for the course btec at btec (BTEC business EXAM)
[Show more]
Seller
Follow
DESTINYGRACE
Content preview
BTEC businessprice x amount sold - answerrevenue formula
revenue - total costs - answerprofit formula
variable costs + fixed costs - answertotal costs
inflow - outflows - answernet cash flow formula
net cash flow + opening balance - answerclosing balance formula
predicted output - break even point - answermargin of safety formula
gross profit - expenditure - answernet profit formula
revenue(sales) - cost of sales - answergross profit formula
cost per unit x output - answervariable costs formula
the cost that stay the same depending on the output e.g rent, salaries - answerfixed
costs
the costs that can change depending on the output
e.g wages, raw materials - answervariable costs
things you own - answerassets
can turn into cash easily e.g stock, cash, debtors - answercurrent assets
cant be turn into money quickly(stuck to the ground) e.g land, properties, machinery -
answerfixed assets
what businesses owe to other businesses - answerliabilities
short term debts ( pay within a year) e.g bills, overdrafts, trade credit - answercurrent
liabilities
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 DESTINYGRACE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now