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Aqa A Level Business Formulas > All > Flashcards

All Flashcards

1
Q

Expected value of a decision with two outcomes

A

(Pay off of A X probability of A)

+

(Pay off of B X probability of B)

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2
Q

Inventory turnover

A

Cost of sales / av inventories held

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3
Q

Labour productivity

A

Output over time period/ number of employees

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4
Q

Profit for the year

A

Operating profit + profit from other activities - net finance costs - tax

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5
Q

Market growth %

A

Change in size of the market/original size of market

X100

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6
Q

Market capitalisation

A

Number of shares issued X current share price

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7
Q

Operating profit

A

Gross profit - operating expenses

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8
Q

Profit for the year margin

A

Profit for the year / revenue

X100

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9
Q

Receivable days

A

Receivables / revenue

X365

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10
Q

Contribution pre unit

A

Selling price - variable cost per unit

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11
Q

Labour turnover

A

Number of staff leaving / number of staff employed

X100

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12
Q

Market share %

A

Sales of one product or business/total sales in the market

X100

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13
Q

Capacity utilisation

A

Actual output / max possible output

X 100

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14
Q

Variance

A

Budgeted figure - actual figure

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15
Q

Current ratio

A

Current assets / current liabilities

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16
Q

Margin of safety

A

Actual level of output - break even level of output

17
Q

Total Variable costs

A

Variable cost per unit X number of units sold

18
Q

Gearing

A

Non current liabilities / capital employed

X100

19
Q

Operating profit margin

A

Operating profit / revenue

X100

20
Q

Revenue

A

Selling price X number of units sold

21
Q

Break even output

A

Fixed costs / contribution per unit

22
Q

Gross profit

A

Revenue - costs of sale

23
Q

Return on capital employed

A

Operating profit / capital employed

X100

24
Q

Total contribution (2 ways)

A

Contribution per unit X units sold

Or

Total revenue - total variable costs

25
Q

Total costs

A

Fixed costs + variable costs

26
Q

Employee retention rate

A

Number of employees who remained for the whole period / number of employees at the start of the period

X100

27
Q

Capital employed

A

Total equity + non current liabilities

28
Q

Labour cost per unit

A

Labour costs / units of output

29
Q

Payable days

A

Payables / cost of sales

X365

30
Q

Added value

A

Sales revenue - costs of brought in goods and services

31
Q

Net gain

A

Expected value - initial cost of decision

32
Q

Return on investment

A

Profit from investment / cost of investment

X100

33
Q

Profit

A

Total revenue - total costs

34
Q

Average rate of return

A

Average annual return / initial cost of project

X100

35
Q

Gross profit margin

A

Gross profit / revenue

X100

36
Q

Employee costs as percentage of turnover

A

Employee costs / turnover

X100

37
Q

Unit costs (average costs)

A

Total costs / number of units of output

Aqa A Level Business Formulas (1 decks)

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