Business studies GCSE
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6 Terms
1
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Break even formula
Fixed costs/ sales price - variable costs
2
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Margin of safety definition
The amount of sales that could be lost before you hit the break even point
3
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Break even definition
The level at which the company's costs are the same as their revenue
4
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Margin of safety formula
Actual Sales - Break even point
5
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Closing balance formula
Net cash flow + opening balance
6
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Net cash flow formula
cash inflows - cash outflows
Note 
Flashcards (35)