Finance - N5 Business Management

Wages, Electricity, Rent and Stationery are examples of ...

Giving customers long credit terms can result in poor cash flow

Costs that change dependent on output

Raw materials are an example of ...

Private sector businesses have the aim of making a ...

Taking more money out of a bank account than is available 

Revenue - Total Costs = 

Cash Budget: (Opening Balance + Total Receipts) - Total Payments = 

Income Statement: Sales - Cost of Sales = 

Cash flow can be improved by ...

A sum of money borrowed to purchase land or property, repaid with interest

A sum of money borrowed for a fixed period of time, repaid with interest

A cash budget will show ...

A sum of money that is given for a specific purpose, does not need to be repaid

Costs that do not change, regardless of output

Fixed Costs + Variable Costs

Income Statement: Gross Profit - Expenses = 

Owners taking too much money out of the business can result in poor cash flow

The point at which total revenue is the same as total costs

Money made from selling a product or service to the customer