Calculations Flashcards
What is the formula for variable costs (change in output)
Output x variable cost per unit
What is the formula for total costs
Total variable costs + fixed costs
What is the formula for revenue
Quantity sold x average selling price
What is the formula for unit cost
Total costs / number of units produced
What is the formula for profit
Total revenue- total costs
Or
Total contribution-fixed costs
What’s the formular for market capitalization
Current share price x number of shares sold
What is the formula for expected value
Probability x outcome
What’s the formula for net gain
Expected value - cost of decision
What is the formula for sales volume
Number of items sold
What is the formula for sales value
Volume x selling price
What’s the formula for market growth
(% change in the size of the market)
(Market size in year - market size previous year) / original size x 100
What’s the formula of sales growth
Change in market sales over a period of time / original market sales x 100
What’s the formula for market share
Sales of one product or business / total sales in market x 100
What’s the formula for price elasticity of demand (PED)
% change in quantity demanded /
% change in price
What’s the formulae of income elasticity of demand (YED)
% change in quantity demanded /
%change in income
