Sales, revenue and costs

Cards (3)

  • Bank loan calculation
    • Total cost of credit = amount borrowed x % rate of the loan
    • Total amount repayable = amount borrowed + total cost of credit
    • Monthly repayments = total amount repayable divided by number of years loan is over (months)
  • Variable cost

    costs that do vary with the level of output
  • Total Variable cost: average variable costs x quantity