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    Entrepreneurship Module2 Part2

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    Sheryl Nry
    The document discusses the financial equation for calculating income, where income equals revenue minus costs. It defines revenue as being the price of goods or services multiplied by the volume sold. Costs are defined as being the sum of fixed costs, such as monthly bills, plus variable costs, which can be less clear. The document recommends further information be considered from taking a course in finance for non-financial people.

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    Entrepreneurship Module2 Part2

    Uploaded by

    Sheryl Nry
    23 views11 pages
    The document discusses the financial equation for calculating income, where income equals revenue minus costs. It defines revenue as being the price of goods or services multiplied by the volume sold. Costs are defined as being the sum of fixed costs, such as monthly bills, plus variable costs, which can be less clear. The document recommends further information be considered from taking a course in finance for non-financial people.

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    The document discusses the financial equation for calculating income, where income equals revenue minus costs. It defines revenue as being the price of goods or services multiplied by the volume sold. Costs are defined as being the sum of fixed costs, such as monthly bills, plus variable costs, which can be less clear. The document recommends further information be considered from taking a course in finance for non-financial people.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    23 views11 pages

    Entrepreneurship Module2 Part2

    Uploaded by

    Sheryl Nry
    The document discusses the financial equation for calculating income, where income equals revenue minus costs. It defines revenue as being the price of goods or services multiplied by the volume sold. Costs are defined as being the sum of fixed costs, such as monthly bills, plus variable costs, which can be less clear. The document recommends further information be considered from taking a course in finance for non-financial people.

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    © All Rights Reserved
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    of 11

    Practical Management for Career

    Readiness

    Essentials of Entrepreneurship:
    Thinking & Action
    Module 2

    with David Standen, D.B.A

    Financial Equation

    Financial Equation
    Income = Revenue Cost

    Financial Equation
    Income = Revenue Cost
    Revenue = Price X Volume

    Financial Equation
    Income = Revenue Costs
    Revenue = Price X Volume
    Costs = Fixed Costs + Variable Costs

    Financial Equation
    Income = Revenue Costs
    Revenue = Price X Volume
    Costs = Fixed Costs + Variable Costs
    Monthly bills occurring
    constantly

    Financial Equation
    Income = Revenue Costs
    Revenue = Price X Volume
    Costs = Fixed Costs + Variable Costs
    Monthly bills occurring
    constantly

    Can be hidden and


    less clear

    For More Information Consider


    Also Taking Finance for NonFinancial People in:

    Business Tools for


    Career Readiness

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