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Finance

5 dot points across 5 inquiry questions. Click any dot point for a focused answer with worked past exam questions where available.

How many units must a business sell before it starts to make a profit?

Break-even analysis: the concept of break-even, contribution, the calculation of break-even output, the margin of safety, interpreting a break-even chart, and the uses and limitations of break-even.
A focused answer to the WJEC GCSE Business content on break-even analysis, covering the concept of break-even, contribution, the break-even formula, the margin of safety, reading a break-even chart, and the uses and limits of break-even.
13 min answer →

How does a business track the money flowing in and out, and avoid running out of cash?

Cash flow: the meaning and importance of cash flow, the cash flow forecast, cash inflows and outflows, net cash flow and the closing balance, the difference between cash flow and profit, and ways to improve cash flow.
A focused answer to the WJEC GCSE Business content on cash flow, covering the meaning and importance of cash flow, the cash flow forecast, inflows and outflows, net cash flow and closing balance, cash flow versus profit, and how to improve cash flow.
13 min answer →

How do businesses measure their financial performance using statements and ratios?

Financial statements and performance: the income statement, gross profit and net profit, profitability ratios including gross profit margin and net profit margin, and using financial information to judge performance.
A focused answer to the WJEC GCSE Business content on financial statements and performance, covering the income statement, gross and net profit, profitability ratios such as gross and net profit margin, and using financial information to judge performance.
13 min answer →

How do revenue and costs combine to give profit, and how is each calculated?

Revenue, costs and profit: total revenue, fixed costs, variable costs and total costs, the calculation of profit and loss, and the importance of profit to a business.
A focused answer to the WJEC GCSE Business content on revenue, costs and profit, covering total revenue, fixed, variable and total costs, the calculation of profit and loss, and why profit matters to a business.
12 min answer →

Where can a business get the money it needs, and which source should it choose?

Sources of finance: internal and external sources, short-term and long-term finance, owner's capital, retained profit, loans, overdrafts, share capital, crowdfunding and trade credit, and the advantages and disadvantages of each.
A focused answer to the WJEC GCSE Business content on sources of finance, covering internal and external sources, short-term and long-term finance, owner's capital, retained profit, loans, overdrafts, share capital, crowdfunding and trade credit, and their pros and cons.
13 min answer →