Summary: Bac
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Read the summary and the most important questions on BAC
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Reader 1
This is a preview. There are 20 more flashcards available for chapter 15/10/2017
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Corporate Level of Strategy
This involves the organisation as a whole. mission, vision, objectives, sectors of economic activity -
Functional (operatonal) level of Strategy
This is about the approach to strategy on the functional areas like marketing, finance, Human Resources, distribution etc. -
Reader 3
This is a preview. There are 10 more flashcards available for chapter 17/10/2017
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Cash Flow Statement/ Liquidity Budget
Schedule of all incoming and outgoing funds over a period of time -
Gross profit calculation
selling price - purchase price -
ROCE = Return on Capital Employed
operating result/ avg total capital employed * 100% -
Operating result calculation
net profit + costs of loan
shows whether a company can repay its loan providers -
Stock Turnover Calculation and why
Stock/Sales* 365 days
measure how long it takes to sell and replace stock, each time this is done a profit is generated. -
Debtor Turnover and why
debtors/sales * 365 days
How quickly debtors are paying their bills -
Types of Activity Ratios
1. Stock Turnover
2. Debtor Turnover -
What is a good current Ratio
Between 1.5 and 2.5
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