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8 Cards in this Set
- Front
- Back
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Breakeven |
When a business isnt making a profit or a loss. |
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Cashflow |
The money flowing in and out of the business on a daily basis. |
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Gross profit |
Is how much money is left from selling an item after the cost of making it is deducted. |
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Net profit |
Is the amount you have left after you have deducted your expenses from your gross profit. |
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Cost of sales |
The price paid for items used to make a product |
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Trade recieveables |
People that owe you money |
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Trade payable |
Are debts owed by the business and are a liability. |
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Margin of safety |
The amount by which sales would have to fall before the breakeven point is reached. |
