financal planning- Sales, revenue and costs
🇬🇧
In English
In English
Practice Known Questions
Stay up to date with your due questions
Complete 5 questions to enable practice
Exams
Exam: Test your skills
Course needs 15 questions
Learn New Questions
Manual Mode [BETA]
The course owner has not enabled manual mode
Specific modes
Learn with flashcards
multiple choiceMultiple choice mode
SpeakingAnswer with voice
TypingTyping only mode
financal planning- Sales, revenue and costs - Leaderboard
financal planning- Sales, revenue and costs - Details
Levels:
Questions:
11 questions
| 🇬🇧 | 🇬🇧 |
| The amount of sales expressed as a number of units sold | What is sales volume |
| The amount of sales expressed as the total sum of money spent by consumers | What is sales revenue |
| Sales revenue / selling price | What is the formula to calculate sales volume |
| Selling price x quantity sold | What is the formula to calculate sales revenue |
| The money coming in from the sale of goods and services | What is revenue |
| Selling price x quanitity sold (same as sales revenue) | What is the formula to caluate revenue |
| £15 x 20000 = £300000 | If a business sells 20000 units at a selling price of £15 per unit, what is the sales revenue made in total |
| Stay the same regardless of output, they include interets on bank loans. thye can be shown as a straight horizontal line when on a graph | What is the definition of fixed costs |
| They change in relation to the number of items produced, variable costs sdtart at a 0 slop and go upwards when shown on a graph | What is the defintion of variable costs |
| Average variable cost x number of units ( AVC X Q = TVC ) | What is the formula to calculate total variable costs (tvc) |
| Fixed cost + total variable cost ( FC + TVC = TC ) | What is the formula to calculate total costs (tc) |