2.2 - financial planning formulae Flashcards by Charlie Williams | Brainscape

Q

Profit

A

Revenue - Total Cost

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Q

Break-even output

A

Fixed costs / C

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Q

CPU

A

Selling price - variable cost

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Q

Margin of safety

A

Actual output - Breakeven output

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Q

Historical budgeting is

A

Based on previous year data

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Q

Zero-based budgeting is

A

From scratch, no data

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Q

What is variance analysis

A

Actual results vs budgets

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Q

Is saving on expenditure always good

A

No

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