Ratio's
What is the Ratio for Gross Profit margin
Gross profit / Revenue x 100
Has three levels of cover, to meet individual requirements, third party, third party fire and theft, fully comprehensive
What is motor (car) Insurance.
Money lent to a business by a bank, The business will pay it back in instalments with interest.
What is a loan
Paid by a business that does not own their own premises
What is rent
Selling price - Variable costs per unit =
What is CPU (contribution per unit)
What is the Ratio for Mark up
Gross / Cost of Sales x 100
Provides cover for delays, cancellation or curtailment of the holiday.
Provides cover for emergency medical expenses.
What is travel insurance.
the owner invests their own personal savings into the business
What is owners capital.
Hourly rate paid to employees.
What is wages
Fixed cost / Contribution per unit =
What is break even point.
What is the Ration for Net Profit Margin
Net profit / Revenue x 100 =
Covers vet bills which can be expensive.
What is pet insurance.
A Loan usually used to buy property such as business premises. Normally over 25 years.
What is a mortgage.
payments paid for services such as gas and electricity
What is heating and lighting/ What is utilities.
Actual sales - Break even point =
What is margin of safety.
What is the Ratio for ROCE
Net Profit / Capital Employed x 100
Covers some or all private medical bills.
What is health insurance.
Issued by the company to shareholders who own the business, shareholders may receive dividends.
What are shares.
Costs related to promoting and selling goods and services.
What is marketing.
In cash flow forecasting:
Total Income - Total Out goings =
What is net cash flow.
What is the Current Ratio
Current Assets / Current Liabilities
Pays out a sum of money on death
What is life insurance.
A type of bond issued by a large company to raise money, investors receive interest on their loan which is repaid in full by the company on an agreed date.
What is a debentures.
Business tax on non-domestic property used to fund local council services.
What is rates
In cash flow forecasting:
Opening Balance + Net cash flow =
What is Closing Balance