Business equations Flashcards
1
Q
total costs
A
total fixed cost + total variable costs
2
Q
total fixed costs
A
total costs - total variable costs
3
Q
total variable
A
total costs -total fixed costs
4
Q
revenue
A
sales price per unit x quantity sold
5
Q
profit
A
revenue - total costs
6
Q
interest (on loans) in %
A
total repayment - borrowed amount
————————— x 100
borrowed amount
7
Q
margin of safety
A
actual or budgeted output - break even point
8
Q
break even
A
fixed costs / sales price per unit - varible costs per unit
9
Q
net cash flow
A
total cash inflows - total cash outflows
10
Q
closing balance
A
opening balance + net cash flow
11
Q
opening balance
A
closing balance of previous period
