Business Notes

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Title: Business Notes

Essay Details:

Subject: Business

Author: Janice P

Date: February 4, 2016

Level: University

Grade: A

Length: 2 / 424

Essay text:

Purchase order Delivery note Goods received note Invoice Statement of account Cheque ------------------------------- Problems-too much stock • Money tied up • Stock wont sell • Lose customers Increase in Variable cost (affects to break-even) • Break even would rise • Need to sell more • Context could include new break even point Leading to • Reduce prices to sell more • Increase prices to make more • Reduce fixed costs BREAK EVEN POINT= Fixed cost ----------------------- (Selling price-variable cost) Break-even analysis • Identifies sales levels required for profit • Establish break even at different cost/sales structures Profit and loss account will show the profit within the business and the overheads of the business...

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