Across
- 2. A department in a business that generates both revenues and expenditures, so that its contribution to the profit of the business can be determined.
- 4. The quantity or output where total revenue equals total cost.
- 6. Spending by a business on non-current (fixed) assets; also known as capital expenditure.
- 7. Non-numerical data that describes qualities or characteristics.
- 10. A department in a business that generates costs, but no revenue.
- 11. In cost or managerial accounting, variance is the difference between planned or budgeted sales revenue and costs and the actual sales revenue and costs.
- 12. An increase in the general price level in the economy, usually expressed as a percentage change.
- 13. The ability to convert an asset into cash without loss of value.
- 14. A subconscious error in thinking that leads people to misinterpret information in the world around them.
- 16. Cash that is left over once operational costs have been paid
Down
- 1. Total revenue minus total costs.
- 3. Information that can be counted and has a numerical value.
- 5. Assets that are likely to be kept by the business for more than one year.
- 8. A plan that outlines a business’ revenue and expenditure over a period of time
- 9. The difference between current assets and current liabilities.
- 14. Payments received by a business (inflows) and payments made by a business (outflows).
- 15. The value of a single company's sales or revenues compared with the sales of all businesses in a market.