539340
Description
Mind Map by 10grimej0152, updated more than 1 year ago
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Created by 10grimej0152
almost 11 years ago
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business
- balance sheets
- share capital
- money invested in
a company by the
shareholders
- money invested in
a company by the
shareholders
- net assets
- the difference between the
total value of assets owned by
a business and the total value
of its liabilities
- the difference between the
total value of assets owned by
a business and the total value
of its liabilities
- stock
- raw materials,
work-in-progress and
finished goods held for
resale
- raw materials,
work-in-progress and
finished goods held for
resale
- net assets
- the difference between the total value of
assests owned by a business and the total
value of its liabilities
- the difference between the total value of
assests owned by a business and the total
value of its liabilities
- current assets
- cash, debtors and
stock are all
exampels of them
- cash, debtors and
stock are all
exampels of them
- share capital
- finance
- start up costs
- costs that are incurred at the
setting up of a new business E.G
decorating
- costs that are incurred at the
setting up of a new business E.G
decorating
- operating costs
- costs that are incurred on an
on-going basis as the
business is operating E.G
electricity
- costs that are incurred on an
on-going basis as the
business is operating E.G
electricity
- fixed costs
- costs that do not change
with level of production
- costs that do not change
with level of production
- variable costs
- costs that do change
with the level of
production
- costs that do change
with the level of
production
- semi variable costs
- costs that have some
fixed and some variable
elements E.G telephone
- costs that have some
fixed and some variable
elements E.G telephone
- start up costs
- cash flow
- cash flow fore cast
- cash flow forecast
- inflows
- net cash flow
- the difference
between inflows and
outflows/ whats left
in the till
- the difference
between inflows and
outflows/ whats left
in the till
- cash coming into the business
- net cash flow
- outflows
- cash going out of the business
- cash flow fore cast
- costs/revenue
- costs
- total costs = fixed costs = variable costs
- total costs = fixed costs = variable costs
- turnover
- price x quantity
- also
know as
revenue
- money
coming in to
the business
from sales
- price x quantity
- profit
- revenue - expenditure
- profit is money
left over after
total costs have
been paid
- revenue - expenditure
- costs
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