Unit 3 financial forecasting for business

P1 Explain the meaning of ;Fixed Costs, Variable Costs, Operating Costs and Start up Costs
Give at least 3 examples of each

P2 explain the three sources of income for a business.

Then complete the calculations on this PowerPoint to demonstrate understanding https://www.dropbox.com/s/uvrensnrlmy1fw0/u3p2.ppt

P3 Explain the differences between gross and net profit. Explain cost of sales

Complete the class task in this PowerPoint to give evidence of understanding https://www.dropbox.com/s/d16l9heum8v6l03/p3%20gross%20and%20net%20profit.ppt

P4 use the break even formula to calculate the point at which income and expenditure will be the same for the case study 

Break even formula 

P5 use the information provided to create a break even graph

 https://www.dropbox.com/s/i3asx70neo6iv9d/p4%20and%20p5%20%20folder.zip