BS- Let's prep together.

[David Hussey]

Hey ansari sorry fr disturbing!
could u explain the difference between cash and profit?

 

[SB29597]

Hey ansari sorry fr disturbing!
could u explain the difference between cash and profit?

Cash is the most liquid business asset. It is the amount of money the business holds in the bank or on its premises. It is used for all business transactions.
Profit is sales revenue minus the expenditure. which means it is the surplus that remains. There are 2 types- Gross profit (before taxes) and Net profit (after taxes) .

 

[David Hussey]

well tht doesnt explain the difference :/

 

[David Hussey]

there r some points like
cash z short term indication wheras profits r long term indication

 

[SB29597]

there r some points like
cash z short term indication wheras profits r long term indication

Indication of what?

 

[shaahid]

What's work study?

 

[angel786]

what's Added value?

 

[JalalKaiser]

What's work study?

From the marking scheme:

A definition could refer to an attempt to find the best or most effective way of using labour,
machines, and materials – the work of F.W. Taylor – the use made of 2 techniques:
(a) method study and (b) work measurement, i.e. (a) analysing all specific activities in a job
and finding the best way to do that job and (b) observing the worker.

• Partial understanding indicated. (1marks)
• Full understanding indicated. (2marks)

 

[Talat Ahmed]

what's Added value?

Added value is the difference between the cost of purchasing raw materials and the price the product is sold for.

 

[angel786]

what's value added service ? :/

 

[angel786]

What's work study?

Examination of work to improve methods and establish suitable standards to assess performance

 

[shaahid]

what's value added service ? :/

same as what ahmed said but selling price minus cost of the staff.eg: A teacher teaching in a class room with a/c will have more value added than a teacher teaching in a cramped up place.