Calculations Flashcards

1
Q

PED (Price elasticity of demand)

A

% Change in QD / % Change in Price

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2
Q

YED

A

% Change in QD / % Change in income

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3
Q

Market Share

A

(Business Sales / Market Sales) x 100

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4
Q

Market size

A

Total Value of Business sale

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5
Q

Market growth

A

(Difference / original) x 100

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6
Q

Total costs

A

Fixed Costs + variable Costs

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7
Q

Total variable costs

A

Variable cost per unit of output x quantity

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8
Q

Revenue

A

Selling price x Quantity sold

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9
Q

Profit

A

Revenue - Total costs

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10
Q

Contribution (per unit)

A

Selling price per unit - Variable Cost per unit

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11
Q

Total Contribution

A

Total Sales Revenue - Total Variable costs

Or

Contribution per unit X number of Units

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12
Q

Margin of safety

A

Actual Level of output - Break even point

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13
Q

Net Cash Flow

A

Inflow - Outflows

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14
Q

Budget Variance

A

Budgeted - Actual

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15
Q

Gross Profit

A

Revenue - Cost of Goods Sold

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16
Q

Net Profit

A

Revenue - Total Costs

Or

Gross profit - Expenses

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17
Q

Net Profit Margin

A

(Net profit / Revenue) x 100

18
Q

Labour Turnover %

A

(Number of Leavers / Avg no of employees) x 100

19
Q

Labour Productivity

A

Output / Number of Employees

20
Q

Added Value

A

Value of output - Value of input (costs)
[selling price - cost of raw materials]

21
Q

Capacity utilisation

A

(Actual output / Maximum Possible Output) x 100

22
Q

Lead Time

A

Time difference between re-order quantity and stock increase

23
Q

Re-Order Quantity

A

Increase in stock level when delivery received

24
Q

Moving Average

A

Previous Month + current month + Next month / 3

25
Working Capital
Current Assets – Current Liabilities
26
Capital Employed
Shareholder funds + Non current liabilities
27
Depreciation
Historical Cost – Residual Value
28
ROCE
Net Profit (B4 Tax) / Capital Employed
29
Current Ratio
Current Assets / Current Liabilities
30
Acid Test
(Current Assets - Stock) / Current Liabilities
31
Gearing
(NCL / Capital Employed) x100
32
Decision Tree: Expected Value
Expected Value – Initial Cost
33
Decision Tree: Net Gain
Expected Value – Initial Cost
34
CPA: EST
Previous EST + Previous Activity Duration (Work from left to right) (Choose biggest outcome if more than one route)
35
CPA: LFT
Previous LFT – Following Activity Duration (Work from right to left) (Choose smallest outcome if more than one route)
36
CPA: FLOAT
LFT – Duration -EST
37
Payback
(Number of Full years) & Amount needed in final year Amount getting in final year X (12Months)
38
Average Rate of Return
(Average Annual Profit / Cost of Investment) x 100
39
Net Present Value
Multiply each year’s income by its discount rate 2. Add them together 3. Deduct initial cost
40
Contribution
Selling Price Per Unit – Variable Cost Per Unit = Contribution Per Unit Contribution Per Unit x Units Sold = Total Contribution