finance 5.0 / 5 based on 1 ratingTeacher recommended ? Business StudiesFinanceGCSEEdexcel Created by: joseph knappCreated on: 15-04-13 14:45 retained profit profit kept in the business after tax and dividends have been paid 1 of 11 sale and leaseback selling an asset such as a building to a leasing company and paying an annual leasing charge so that asset can be used 2 of 11 profit and loss account this shows wether the business made a profit or loss over the last period, also known as a income statementt 3 of 11 sales revenue the value of goods sold x price = revenue 4 of 11 cost of sales the cost to the business of the goods sold 5 of 11 Net profit the different between sales revenue and cost of making the product sold (gross profit-overheads = net profit)rofit 6 of 11 gross profit margin gross profit margin% = (gross profit/sales revenue) x 100) 7 of 11 balance sheet this lists the value of a company assets and liabilities 8 of 11 assets items of value owned by a business 9 of 11 liabilities debts owned by the business 10 of 11 liquidity how easy it is for a business to pay short term debts 11 of 11
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