1.3 Equations Flashcards
1
Q
Revenue-equation
A
Quantity x Price
2
Q
Profit-equation
A
Revenue - Total Costs
3
Q
Total Costs-equation
A
Fixed Costs + Variable Costs
4
Q
Interest-equation
A
Original-new
__________________ x 100
Original
5
Q
Breakeven-equation
A
6
Q
Margin of Safety-equation
A
Actual Output - Breakeven Output
