1
Q
What is gross profit
A
Is the difference between revenue and costs of sales
Calculation= revenue- cost of sales
2
Q
What is operating profits
A
Gross profit - other operating expenses
3
Q
How do you find profit for the year
A
Operating profit +/- intrrest
4
Q
What are profit margins
A
This is a ratio of expressed as a percentage and compares profit figure to sales revenue
5
Q
How do you find out gross profit margin
A
Gross profit
——————- x 100
Revenue
6
Q
How do you find out operating profit margins
A
= operating profit
————————- x 100
Revenue
7
Q
How do you find profit for the year margin
A
Profit for the year ( net profit)
——————————-
Revenue
Paper 2 Business
flashcards
Decks in class (15)
# Cards
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2.2.3 Break Even12
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2.2.4 Budgets5
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2.3.1 Statement Of Comprehensive Incone And Profitability6
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2.3.2 liquidity10
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2.4.2 capacity utilization5
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3.3.1 quantitative sales forecasting10
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3.5.2 Ratio Analysis8
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3.1.4 porters five Forces20
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2.2.2 Sales, Revenue And Costs6
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2.3.3 Business Failure3
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2.4.1 (B) Productivity5
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2.4.1 (C) Efficiency5
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2.2.1 Sales Forecasting5
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3.5.1 Interpreting Financial Statements4
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Profits7
