BTEC Business Formulas Flashcards
1
Q
Net Cash Flow
A
Total Cash inflow - Total Cash Outflow
2
Q
Closing Balance
A
Opening balance + Net Cash flow
3
Q
Total Revenue
A
Selling Price x Quantity sold
4
Q
Total Costs
A
Fixed cost + Total Variable Costs
5
Q
Profit
A
Total Revenue - Total Costs
6
Q
Total Contribution
A
Sales Revenue - Total Variable Costs
7
Q
Contribution (per unit)
A
Selling price - Variable cost ( per unit)
8
Q
Profit ( Using Contribution)
A
Contribution per Unit x Margin of safety
9
Q
Break-even output
A
Total Fixed Cost/Unit Contribution
10
Q
Margin of Safety
A
Actual Sales- Break even level of output
11
Q
Revenue
A
Unit Price x Quantity Sold
12
Q
Gross Profit
A
Sales Revenue- Cost of goods sold
13
Q
Cost of goods sold
A
Opening inventory + Purchases - Closing inventory
14
Q
Profit/Loss for the year
A
Gross Profit - expenses + other income
15
Q
Net book value
A
Cost - Depreciation
