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BEC > BEC Formulas > Flashcards

BEC Formulas Flashcards

1
Q

Direct Materials Used

A

Beg DM
+DM Purchase
-Ending DM

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2
Q

Manufacturing Costs Incurred

A

Materials Used
+DL
+Overhead Applied

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3
Q

COGM

A

Beg WIP
+Total Manufacturing Costs Incurred
-End WIP

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4
Q

COGS

A

Beg FG
+COGM
-End FG

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5
Q

ROI

A

Net Income/ Average Investment Capital

Or

Profit Margin X Investment Turnover

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6
Q

Profit Margin

A

Net income/Sales

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7
Q

Investment Turnover

A

Sales/ total assets or total capital

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8
Q

Return on Assets

A

Net Income/ Average total assets

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9
Q

Return on Equity

A

Net Income/ Average total equity

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10
Q

DuPont

A

Net Profit Margin X Asset Turnover X Financial Leverage

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11
Q

Asset Turnover

A

Sales/ Average Total Assets

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12
Q

Financial Leverage

A

Average Total Assets/ Average Total Equity

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13
Q

Extended Dupont

A

Tax Burden X Interest Burden X Operating Income Margin X Asset Turnover X Financial leverage

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14
Q

Tax Burden

A

Net Income/ Pretax Income

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15
Q

Interest Burden

A

Pretax Income/ EBIT

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16
Q

Operating Income Margin

A

EBIT/ Sales

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17
Q

Residual Income

A

Net income - Required Return*

(NBV x Hurdle Rate)

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18
Q

Economic Value Added

A

EBIT X (1-T) - Required Return

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19
Q

Predetermined OH Rate

A

Budgeted Overhead Costs/ Estimated total DL hours

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20
Q

FIFO Equivalent Units

A

Beg Units X (1-% Complete)
+Units Completed
-Beg Units
+End WIP x % Complete

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21
Q

FIFO Cost Per Equivalent Unit

A

Current Costs Only/ Equivalent Units

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22
Q

Weighted Average Cost per Equivalent Unit

A

Beginning Cost + Current Cost/ Equivalent Units

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23
Q

Weighted Average

A

Units Completed
+End WIP X % completed

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24
Q

DOL

A

% Change EBIT/ % Change Sales

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25
Q

DFL

A

% Change EBT or EPS/ % Change EBIT

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26
Q

Times Interest Earned

A

EBIT/ Interest Expense

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27
Q

Equity Multiplier

A

Total Assets/ Total Equity

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28
Q

Cash conversion cycle

A

Days in Inventory + Days Sales in AR - Days of Payables Outstanding

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29
Q

Inventory Turnover

A

COGS/ Average Inventory

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30
Q

Days in Inventory

A

EI/(COGS/365)

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31
Q

AR Turnover

A

Sales/Average AR

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32
Q

Days sales in AR

A

Ending AR/(Sales/365)

OR

(Ending AR/Sales) X # Days in the Period

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33
Q

AP Turnover

A

COGS/ Average AP

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34
Q

Days Payables Outstanding

A

Ending AP/ (COGS/365)

35
Q

Working Capital Turnover

A

Sales/ Average Working Capital

36
Q

Reorder Point

A

Safety Stock + Lead Time x Sales during lead time

37
Q

EOQ

A

sqrt(2 X Annual Sales in units X Cost per Purchase Order/ Annual Carrying Cost per unit)

38
Q

APR Quick payment discount

A

(360/Pay period - Discount Period) X (Discount/ 100-%)

39
Q

Constant Growth Dividend Discount

A

Dividend 1 year after X (1+ Growth)/(Required Return - Growth)

40
Q

Price Earnings Ratio

A

Stock Price Today/ EPS expected in 1 year

41
Q

Trailing PE Ratio

A

Stock Value today/ EPS for past year

42
Q

PEG Ratio

A

(Stock price today/Expected EPS)/ (100 x Expected Growth rate)

43
Q

Current Price of Stock (Using PEG)

A

PEG x Expected EPS x Growth or (G x 100)

44
Q

Price to Sales

A

Stock Price Today/ Expected Sales in One year

45
Q

Current price of stock

A

Price to Sales X Expected sales in 1 year

46
Q

Price to Cash flow

A

Stock Price/ Expected cash flow in one year

47
Q

Current price of Stock using P/CF

A

PCF X Expected cash flow in one year

48
Q

Price to Book Ratio

A

Stock Price/ BV Common Equity today

49
Q

NPV

A

After Tax Cash Flow
+ Depreciation x Tax rate
X PV
-Initial Cash flow

50
Q

Profitability Index

A

PV CF/ Cost of initial investment

51
Q

Payback period

A

Net initial investment/ Average Incremental cash flow (cash flow per period is even)

52
Q

PV factor

A

1/(1+R)^n

53
Q

PV Factor of Annuity

A

1-PV Factor/R

54
Q

Economic Return %

A

Dividend + change in stock price/ Initial investment

55
Q

Free Cash Flow

A

NI + Noncash Expense - Increase in WC - Capital Expenditures

56
Q

Intangible Asset income approach

A

Expected FCF X Discount

57
Q

Intangible asset cost method (NBV)

A

Original Cost to Buy - AD

58
Q

Intangible asset replacement cost

A

Cost to replace + Assembly + Transportation

59
Q

Prime Cost

A

DL + DM

60
Q

Conversion Cost

A

DL + OH Applied

61
Q

Sales Value at Split off

A

Final Selling price - identifiable cost incurred after split off

62
Q

Total Factor productivity

A

Output/Total Cost

63
Q

Partial Productivity

A

Output/Specific Quantity of material or labor

64
Q

Variable cost per unit (High-low method)

A

Highest total cost - lowest total cost/ highest volume - lowest volume

65
Q

Variable cost

A

Highest or lowest volume x Variable cost per unit

66
Q

Fixed Costs

A

Total costs - Variable Costs

67
Q

Absorption Costing

A

Revenue
-COGS
Gross Margin
-Operating Expenses
Net Income

68
Q

Variable/Contribution/Direct

A

Revenue
-Variable Costs
Contribution Margin
-Fixed cots
Net Income

69
Q

Contribution Margin

A

Revenue - Variable costs

70
Q

Unit Contribution Margin

A

Unit sales price - variable cost per unit

71
Q

Contribution Margin Ratio

A

CM/Revenue

72
Q

Controllable Margin

A

CM - Controllable Fixed costs

73
Q

Fixed Costs per Unit

A

Fixed MOH/Units produced

74
Q

Breakeven point

A

Total Fixed Costs/ Unit CM

75
Q

Breakeven point ($)

A

Unit price x breakeven point (units)

76
Q

Breakeven point ($)

A

Total fixed costs/ CM ratio

77
Q

Target profit (units)

A

Fixed costs + pretax profit/ Unit CM

78
Q

Target sales ($)

A

Variable costs + Fixed Costs + Pretax profit

OR

Fixed Costs + Pretax Profit/ CM Ratio

79
Q

Sales price per unit

A

Fixed Costs + Variable Costs + Pretax Profit/ # Units sold

80
Q

Margin of safety

A

Total sales - Breakeven sales

81
Q

Margin of safety %

A

Margin of safety/ total sales

82
Q

Budgeted Production

A

Budgeted Sales + Desired EI- Beg Inventory

83
Q
A

BEC (9 decks)

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