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Business > Business Calculations > Flashcards

Business Calculations Flashcards

1
Q

Total costs calculation

A

Fixed costs + variable costs

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2
Q

Unit costs calculation

A

Total costs / output

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3
Q

Average revenue calculations

A

Total revenue / number of sales

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4
Q

Contribution per unit calculation

A

Price - variable costs

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5
Q

Profit calculation

A

Total contribution - fixed costs

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6
Q

Contribution calculation

A

Revenue - variable costs

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7
Q

Break even calculation

A

Fixed costs / contribution per unit

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8
Q

Margin of safety calculation

A

Actual output - break even level of output

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9
Q

Gross profit calculation

A

Sales revenue - cost of sales

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10
Q

Operating profit calculation

A

Gross profit - expenses

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11
Q

Profit before tax calculation

A

Operating profit - finance costs

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12
Q

Profit for the year calculation

A

Net profit - tax and dividends

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13
Q

Depreciation straight line method

A

Initial cost - (residual value / life of the asset)

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14
Q

Depreciation reducing balance method

A

Value after depreciation - depreciation rate that year

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15
Q

Current ratio

A

Current assets / current liabilities

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16
Q

Acid test ratio

A

(Current assets - stock) / current liabilities

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17
Q

Gearing ratio

A

(Non current liabilities / capital employed) x 100

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18
Q

Debt to equity

A

(debt / equity) x 100

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19
Q

Interest cover

A

Operating profit / interest payable

20
Q

Non current assets turnover

A

Revenue / non current assets

21
Q

Stock turnover

A

Costs of stock / average stock

22
Q

Debtor days

A

(Trade receivables / revenue) x365

23
Q

Creditor days

A

(trade payables / purchases) x365

24
Q

Gross profit margin

A

(Gross profit / sales) x100

25
Q

Net profit margin

A

(net profit / sales) x 100

26
Q

Return on capital employed

A

(Operating profit / capital employed) x100

27
Q

Return on equity

A

Profit for the year / shareholders equity

28
Q

Dividend per share

A

Total dividends paid / number of shares issues

29
Q

Dividend yield

A

(dividend per share / market price of share) x 100

30
Q

Earnings per share

A

Profit for the year / number of shares issued

31
Q

Price earnings ratio

A

Market price of share / earning price of share

32
Q

Standard deviation

A 
(Answer - mean) for all results 
Then add up all of the results 
Square that number 
Divide it by number of data collected 
Square root that figure
33
Q

Labour turnover

A

(Number of employees leaving during the year / average number employed during the year) x100

34
Q

Absenteeism

A

(total days absent in the month x100) / total available working days

35
Q

Lateness

A

(Total number of late arrivals x 100) / total number of scheduled attendances

36
Q

Workforce productivity

A

Output / average number of employees

37
Q

Income elasticity of demand

A

Percentage change in demand / percentage change in income

38
Q

Advertising elasticity of demand

A

Percentage change in demand / percentage change in advertising spending

39
Q

Cross elasticity of demand

A

Percentage change in product A (demand) / percentage change in product B (demand)

40
Q

Total float

A

Latest finishing time - duration - estimated start time

41
Q

Free float

A

Estimated start time of next activity - duration of activity - estimated start time of activity before

42
Q

Productivity

A

Output / input
Number of goods produced / number of employees
Sales revenue / non current assets
Sales revenue / wage bill or number of employees

43
Q

Capacity utilisation

A

(Actual or current level of output / maximum possible output) x 100

44
Q

Average stock

A

(Maximum stock + minimum stock) / 2

45
Q

Wastage rates

A

(Number of rejects produced / total number of products produced) x 100

Business (2 decks)

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