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Business Finance Study Guide Exam And All Correct Answers.
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  • Course
  • Business finance
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  • Business Finance

Profit - Answer The amount of money left over once the costs of that activity have been paid for. (cost of goods and expenses) Profit is sometimes used to measure how successful a business activity has been. Sale Revenue (Turnover) - Answer Quantity of goods sold multiplied by the selling ...

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  • October 3, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • Business finance
  • Business finance

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Business Finance Study Guide Exam
And All Correct Answers.
Profit - Answer The amount of money left over once the costs of that activity have been paid for. (cost
of goods and expenses) Profit is sometimes used to measure how successful a business activity has been.



Sale Revenue (Turnover) - Answer Quantity of goods sold multiplied by the selling price.



Gross Profit - Answer Sales revenue minus cost of sales.



Net Profit - Answer Gross profit minus expenses.



Sources Of Finance - Answer Where the businesses get money from internally or externally and
whether it's needed for the short term or long term.



Internal Finance - Answer Finance obtained from WITHIN the business.



External Finance - Answer Finance obtained from OUTSIDE the business.



Interest - Answer An amount of money which has to be paid on borrowed money.



Profit & Loss Account - Answer Shows how much profit a business makes during the whole year after
expenses are taken away.



Turnover - Answer All the money coming into the business, also called 'Sales Revenue'.



Operating Profit - Answer The amount of profit which the business has made on its main activities.



Corporation Tax - Answer The tax which private and public limited companies must pay on their profits.

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