BTEC Unit 2 Finance Help with unit 2 exam in BTEC 1.0 / 5 based on 2 ratings ? BusinessFinanceBTEC NationalEdexcel Created by: Miss_BarronCreated on: 14-01-15 12:03 Define Variable cost A cost which changes directly with output 1 of 6 Define start up cost The costs incurred when setting up a business 2 of 6 Describe the purpose of a statement of financial position (balance sheet) To show the financial position of a business at a point in time 3 of 6 Explain what a cash deficit is When there is more money going out than coming in 4 of 6 The business sell books for £12 each. They cost £5 to make. The fixed costs are £735. Calulate the break even 105 books 5 of 6 What is the formula for working capital? Current assets – current liabilites 6 of 6
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