aim e and f Flashcards by aisha khan | Brainscape

Q

gross profit f SOCI

A

revenue- cost of sales

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Q

net profit F SOCI

A

gross profit (revenue- cost of sales) - expenses

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Q

costs of goods sold F SOCI

A

opening inventory + purchases- closing inventory

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Q

profit or loss F SOCI

A

gross profit - expenses + other income

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Q

net book value F SOCI

A

cost- depreciation

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Q

net current assets F SOFP

A

current assets - current liabilities

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Q

net assets F SOFP

A

NCA + net current assets - long term liabilities

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Q

capital employed F SOFP

A

opening capital+ profit for the year

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Q

what needs to balance on a balance sheet
F SOFP

A

net assets= capital employed

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Q

gross profit margin F measuring profitability

A

gross profit/ revenue x 100

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Q

mark up F MP

A

gross profit/ cost of sales x100

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Q

Net profit margin F MP

A

Net profit/revenue x100

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Q

return on capital employed F MP

A

profit/capital employed x 100

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Q

current ratio F Measuring liquidity

A

current assets/ current liabilities

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Q

liquid capital ratio F ML

A

current assets - inventory/ current liabilities

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Q

trade receivable days F ML

A

trade receivables/ credit sales x 365

Q

trade payable days F ML

A

trade payables/ credit purchases x365

Q

inventory turn over F ME

A

average inventory/cost of sales

Q

Ne t cash flow E1 CF

A

Total cash inflows- total cash out flows

Q

closing balance E1 CF

A

opening balance + net cash flow

Q

Total revenue E2 BE

A

selling price x quantity sold

Q

Total costs E2 BE

A

fixed cost + variable cost

Q

profit E2 BE

A

total revenue - total costs

Q

total contribution E2 BE

A

sales revenue - total variable cost

Q

contribution per unit E2 BE

A

SELLING PRICE - VARIABLE COSTS

Q

profit using contribution E2 BE

A

contribution per unit x margin of safety

Q

break even E2 BE

A

fixed cost/ selling price - variable cost (contribution)

Q

margin of safety E2 BE

A

Actual sales - break even sales