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A-Level Business > All Business Formulas > Flashcards

All Business Formulas Flashcards

1
Q

Market Share

A

Business’s total sales/Total sales in whole market

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2
Q

Market Growth

A

Market size year 2 - Market size year 1 / Market size year 1 x 100

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3
Q

YED

A

% change in quantity demanded / % change in income

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4
Q

PED

A

% change in quantity demanded / % change in price

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5
Q

Sales growth

A

Sales year 2 - Sales year 1 / Sales year 1 x 100

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6
Q

Expected value

A

(Probability success x pay off) + (probability failure x pay off)

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7
Q

Net gain

A

Expected value - cost of choice

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8
Q

Profit

A

Total revenue - Total costs

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9
Q

Revenue

A

Selling price x quantity sold

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10
Q

Fixed costs

A

Total revenue - Total variable costs - profit

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11
Q

Variable costs

A

Total revenue - Total fixed costs - profit

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12
Q

Total costs

A

Fixed + variable costs

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13
Q

Market capitalisation

A

Number of shares sold X share prices TODAY

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14
Q

Capacity Utilisation

A

Current Capacity / Maximum Total Capacity x 100

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15
Q

Average unit costs

A

Total costs / Total Output

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16
Q

Labor Productivity

A

Total Output / Number of Employees

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17
Q

Break-Even (1)

A

Total Revenue = Total costs

18
Q

Break Even (2)

A

Fixed costs / Contribution

19
Q

Contribution per unit

A

Selling price - variable cost per item

20
Q

Margin of safety

A

Actual sales - break-even level of sales

21
Q

Gross profit

A

Revenue - Cost of Goods old (basically variable costs)

22
Q

Gross profit margin

A

Gross profit / revenue X 100

23
Q

Operating profit

A

Gross profit - Operating expenses

24
Q

Operating profit margin

A

Operating profit / Revenue X 100

25
Q

Profit for the year

A

Operating profit - All expenses (including taxation)

26
Q

Profit for the year margin

A

PFTY / Revenue X 100

27
Q

Labour turnover

A

Number of staff leaving / Number of staff employed by the business x 100

28
Q

Employee costs as a % of turnover

A

Employee costs / Turnover (sales revenue) x 100

29
Q

Labour costs per unit

A

Labour costs / Units of output

30
Q

ROI

A

profit (or loss) / initial investment

31
Q

ROCE

A

Operating Profit / Capital Employed X 100

32
Q

Capital Employed

A

Total Equity + Non-Current Liabilities

33
Q

Total Equity

A

Total assets - total liabilities

34
Q

Current ratio

A

current assets / current liabilities

35
Q

Gearing

A

Non Current liabilities / total equity + non current liabilities

36
Q

Payables days

A

Costs of sales / payables X 100

37
Q

Receivables days

A

Revenues / Receivables X 100

38
Q

Inventory turnover

A

costs of sales / average inventory

39
Q

Net cash flow

A

Inflows - outflows

40
Q

opening balance

A

closing balance from the previous year

41
Q

closing balance

A

Net cash flow + opening balance

42
Q
A

A-Level Business (9 decks)

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