Business Studies

• Net Cash Flow


  cash inflow - cash outflow
• Opening Balance

  cash you have at the bank at the start of given period
• Closing Balance

  opening balance+ net cash flow
• Total Revenue(TR)

  Selling price x number of items sold
• Total Costs(TC)

  total fixed costs + total variable costs

  Total Variable Cost=

  quantity x variable cost per unit
• Profit

  total revenue - total costs
• Break—Even


  total fixed costs

  —————————

  (sales price - variable cost per unit)
• Added Value

  selling price - variable cost