paper 2 - business 0.0 / 5 ? BusinessfinanceA2/A-levelEdexcel Created by: UserCLSCreated on: 03-06-22 15:02 current assets - current liabilities is the formula for what working capital 1 of 14 when total costs = total revenue break even 2 of 14 a safety net after the breaking point before making a loss. calculated by: total output - break even point margin of safety 3 of 14 a liquidity ratio, 1.5:1 is the ideal ratio calculated by: current assets / current liabilities current ratio 4 of 14 what does ROCE stand for return on capital employed 5 of 14 a snapshot of the business' finances, aka income statement balance sheet 6 of 14 the percentage of profit gained after revenue profitability 7 of 14 when the budget has predicted revenue lower than they actually were or that costs were higher in the budget favourable variance 8 of 14 another name for time series analysis quantitative sales forecasting 9 of 14 what is the acronym for strengths weaknesses opportunities and threats swot 10 of 14 what does the second E in PESTLE stand for environmental 11 of 14 what is calculated by actual output / maximum output x100% capacity utilisation 12 of 14 which ratio % is calculated by non-current liabilities/ capital employed gearing ratio 13 of 14 which ratio % is calculated by operating profit / capital employed ROCE 14 of 14
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