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List three examples of direct costs and three examples of indirect costs
Define each of the following terms-
a)Sales
b)Price
c)Revenue
d)Costs
If Tardy Ltd output 30,000 alarm clocks at a total cost of £120,000, what is the average cost of making each clock?
Calculate how much profit a business made in 2008 if it had revenue of £125,000 and costs of £80,000 ?
If a firms revenue is lower than its costs over a period of time , will the firm make a profit or loss?
Give to reasons why a new business needs a source of start up finance?
Name two short term sources of finance , and explain how they work ?
Describe one benefit of a business using a grant over other sources of start up finance
Explain what is meant by venture capital?
Why might a new or small firm find it hard to raise finance?
Explain two ways that the government helps new business ?
Describe how it may be beneficial to banks to help new businesses
Give two examples of how they do this
Describe how the prince's trust helps young entrepreneurs
Explain what each of the following terms means
a) Cash Inflow
b)Cash Outflow
c)Net cash flow
Explain why a cash flow forecast is useful to business?
A firm started the month with a bank balance of £2500 and had a net cash flow of £3000 for the month. What was the firms bank balance at the end of the month
What do credit terms tell you?
Explain how letting customers pay for goods on credit can affect a firm's cash flow
Dave's Dodgy Motors Ltd is suffering from poor cash flow. Explain three problems that might result
Explain how over trading can lead to poor cash flow
Give three ways that a business could try to improve cash flow
