OVERVIEW
OVERVIEW
This topic considers the tools that a business can use to supports its financial decisions-making, including gross profit, net profit and the average rate of return, and the use and limitation of a range of financial information.
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ACADEMIC LITERACY
ACADEMIC LITERACY
Cost of sales
Gross profit
Net profit
Average rate of return
Profit margin
Inflation
Variable
Infographic
Qualitative data
Quantitative data
Demographic
WIDER READING
WIDER READING
Vintage collection case study
BT - Annual report
PERSONAL DEVELOPMENT
PERSONAL DEVELOPMENT
Students will work out the ARR by looking at different projects. This will help them in the future when they are looking to invest in a business or even get into property development. By using the ARR they can identify how long it will take them to make a profit for each of the projects.
CULTURAL CAPITAL
CULTURAL CAPITAL
Students will look at data to help make effective business decisions.
KNOWLEDGE TRANSFER
KNOWLEDGE TRANSFER
Maths - Students will work out gross and net profit and the average rate of return by using the formula. Quantitative data.
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