Equations Flashcards
1
Q
Market Share
A
(sales of a product or business/ total market sales) x 100
2
Q
PED
A
% change in QD/ % change in Price
3
Q
YED
A
% change in QD/ % change in Income
4
Q
Net cash flow
A
total inflows - total ouflows
5
Q
Sales volume
A
total number of units sold over a period of time
6
Q
Sales revenue
A
number of units sold x unit price
7
Q
Total variable costs
A
number of units sold x variable cost per unit
8
Q
Total costs
A
fixed costs + variable costs
9
Q
Contribution per unit
A
selling price per unit - variable cost per unit
10
Q
Total contribution
A
contribution per unit x number of units sold
11
Q
Break-even
A
fixed costs/ contribution per unit
12
Q
Variance
A
actual costs - budget costs
13
Q
Gross profit
A
sales revenue - cost of sales
14
Q
Operating profit
A
gross profit - overhead
15
Q
Net profit
A
operating profit +/- finance costs
