1.1.5 Profit

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  • Created by: Zruixx
  • Created on: 16-04-23 21:48
What is Profit?
The amount of money that a business makes when taking costs into account.
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What is the Formula for Profit?
total revenue - total costs
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What is Average Unit Cost?
The Estimated cost to produce a product on average.
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What is the Formula for Average Unit Cost?
Total cost / Output
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What is Interest?
Extra money paid back when a business borrows money
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Other cards in this set

Card 2

Front

What is the Formula for Profit?

Back

total revenue - total costs

Card 3

Front

What is Average Unit Cost?

Back

Preview of the front of card 3

Card 4

Front

What is the Formula for Average Unit Cost?

Back

Preview of the front of card 4

Card 5

Front

What is Interest?

Back

Preview of the front of card 5

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