business maths test Flashcards
1
Q
revenue
A
quantity sold x selling price
2
Q
PED
A
%chnage in quantity demanded/ % change in price
3
Q
Current ratio
A
current assets/current liability
4
Q
Acid test ratio
A
current assets-stock/ current liabilities
5
Q
Gearingratio
A
long term liabilities/capital employed x100
6
Q
labour productivity
A
total output (per time period)/average number of employees (per time period) x100
7
Q
capacity utilisation
A
actuallevel of output/maximum level of output x100
8
Q
break even
A
fc/cpu(sp-vc per unit)
