Smart Skills: Mastering the Numbers

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Part of the Smart Skills series, Mastering the Numbers offers a practical and accessible guide to the numerical skills needed to excel in business. A must for any employee, manager, freelancer or business owner.
Mastering the Numbers is not just for those working professionally with figures, such as accountants, but provides the general skills required for any person working with numbers in the workplace. A must-have book.

Managerial Business Mathematics Skills Accounting Business

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Ursprunglig publicering: 2011
Utgivningsår: 2011
Förlag: Legend Press, Legend Business

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Titomir Balickihar citeratför 6 månader sedan
If inventory is purchased for £80 and then sold to a customer on credit for £100, the assets go up by £20 (as £80 inventory is replaced by £100 receivables) and the profit goes up by £20 as shown by the extracts from the Balance Sheet below:

When the customer pays, the assets just reconfigure with no impact on profit:
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Titomir Balickihar citeratför 6 månader sedan
This represents the total value of long-term loans the business currently has.
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Titomir Balickihar citeratför 6 månader sedan
Retained Profit

This is the cumulative figure, over the life of the business to date, of the profits that have been available, after all the costs have been met, to reinvest back within the business.
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