BTEC Business Unit Exam With Solved Solutions 2024.

price x amount sold - Answer revenue formula revenue - total costs - Answer profit formula variable costs + fixed costs - Answer total costs inflow - outflows - Answer net cash flow formula net cash flow + opening balance - Answer closing balance formula predicted output - break even point - Answer margin of safety formula gross profit - expenditure - Answer net profit formula revenue(sales) - cost of sales - Answer gross profit formula cost per unit x output - Answer variable costs formula the cost that stay the same depending on the output e.g rent, salaries - Answer fixed costs the costs that can change depending on the output e.g wages, raw materials - Answer variable costs things you own - Answer assets