Calculations βΎ Flashcards
1
Q
What is gross profit ?
A
Sales revenue- cost of sales
2
Q
What is net profit ?
A
GP- other expenses and interest
3
Q
What is sales revenue?
A
Price * quantity
4
Q
How do we calculate receipts π§Ύ?
A
Net cash π° flow + total payment
5
Q
Total payments?
A
Net cash flow - receipts π§Ύ
Or add it all up π
6
Q
Net cash flow ?
A
Opening balance- closing balance
Or
Receipts- total payments
7
Q
What is closing balance ?
A
Opening balance + net cash flow
8
Q
How do you calculate gross profit marginοΏΌ
A
Gross profit/sales revenue * 100οΏΌ
9
Q
How do you calculate net profit margin?οΏΌ
A
Net profit/sales revenue * 100οΏΌ
