C2 - Forecasting Data For Cash Budgets Flashcards
1
Q
What is mark up?
A
Expresses the profit as a percentage of the costs.
2
Q
What is margin?
A
Expresses the profit as a percentage of the sales value
3
Q
Formula to mark up??
A
Cost price X (100+markup) / 100%
**similar to VAT
4
Q
Formula to margin??
A
Selling price X 100 / (100-margin)
5
Q
Meaning of time series analysis?
A
When information fro the past can be used to forecast the future.
6
Q
How to calculate average monthly change?
A
Sale in last month - sale in first month / no of changes!!
