Accounting and Finance Clips 6: Costs and Profit

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4 videos in this playlist

Clip 1: Costs: An Introduction
Vital to commercial success is how well businesses control their costs. These come in two basic types: direct and indirect. But in the real world classifying costs is rarely clear-cut.…
Clip 2: Costs & Working Capital At Acme Whistles
Acme Whistles in Birmingham has been manufacturing products for 130 years. Much has changed at Acme in that time - but covering its costs, both fixed and variable, remains a…
Clip 3: Profit: What Is It?
Successful businesses devote themselves to making profit - but what is profit and how do you calculate it? Why is working out the cost of sales so important and what's…
Clip 4: Profits: How Do We Use Them?
How does a business decide what to do with its profit? Harry and Bee Payne, owners of small computer company Logical Friends, plough their profits back into the business. But…

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