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  • Revenue Costs & Profit Homework

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    javier.mayor83
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    This document defines key business terms like sales revenue, variable costs, and fixed costs. It then provides data for two businesses, Business A and Business B, and asks to calculate their total revenue, variable costs, fixed costs, total costs, and profit/loss based on the data. It also asks to suggest three things Business B could do to increase its profit.

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    Revenue%20Costs%20%26%20Profit%20homework

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    This document defines key business terms like sales revenue, variable costs, and fixed costs. It then provides data for two businesses, Business A and Business B, and asks to calculate their total revenue, variable costs, fixed costs, total costs, and profit/loss based on the data. It also asks to suggest three things Business B could do to increase its profit.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views2 pages

    Revenue Costs & Profit Homework

    Uploaded by

    javier.mayor83
    This document defines key business terms like sales revenue, variable costs, and fixed costs. It then provides data for two businesses, Business A and Business B, and asks to calculate their total revenue, variable costs, fixed costs, total costs, and profit/loss based on the data. It also asks to suggest three things Business B could do to increase its profit.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Costs, Revenues and Profit Homework

    1. Define the following terms:


    a) Sales Revenue

    _________________________________________________________________________________

    _________________________________________________________________________________

    b) Variable Costs

    _________________________________________________________________________________

    _________________________________________________________________________________

    c) Fixed Costs

    _________________________________________________________________________________

    _________________________________________________________________________________

    2. Calculate the following (show your workings)

    BUSINESS A

    Price (per unit) £50

    Labour cost per unit £7

    Raw materials per unit £12

    Rent per month £800

    Monthly output (units) 2000

    a) The total revenue per month (assuming all output is sold)

    _________________________________________________________________________________

    b) The total variable cost

    _________________________________________________________________________________

    _________________________________________________________________________________

    c) The total fixed costs

    _________________________________________________________________________________
    d) The total costs

    _________________________________________________________________________________

    e) The profit/loss

    _________________________________________________________________________________

    BUSINESS B

    Price (per unit) £20

    Number of employees 10

    Average weekly pay £200

    Raw materials per unit £9

    Rent per month £750

    Telephone bill per month £150

    Monthly output (units) 2,000

    a) The total revenue per month (assuming all output is sold)

    _________________________________________________________________________________

    b) The total variable cost

    _________________________________________________________________________________

    _________________________________________________________________________________

    c) The total fixed costs

    _________________________________________________________________________________

    d) The total costs

    _________________________________________________________________________________

    e) The profit/loss

    _________________________________________________________________________________

    f) Suggest 3 things Business B could do to try to increase profit

    _________________________________________________________________________________

    _________________________________________________________________________________

    _________________________________________________________________________________

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