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Business A Level Equations > Equations > Flashcards

Equations Flashcards

1
Q

Market Size Formula

A

Number Units Sold X Price

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2
Q

Market Share Formula

A

Sales of One business/total sales within the market X 100

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3
Q

Market Growth Formula

A

Change in the size of the market/Original Size of the market X 100

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4
Q

Cost Plus Pricing Formula

A

Unit costs + % mark up

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5
Q

Price Elasticity Of Demand Equation

A

% change in quantity demanded/ % change in price

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6
Q

Break Even Point

A

Fixed Cost/Contribution Per Unit

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7
Q

Contribution Per Unit

A

Selling Price - Variable Cost Per Unit

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8
Q

Total Contribution Equation

A

Contribution Per Unit X Number of Units Sold

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9
Q

Profit (through contribution)

A

Total Contribution - Fixed Costs

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10
Q

Margin Of safety

A

Actual Output - Break Even Output

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11
Q

Profit (through margin of safety)

A

Margin of Safety X Contribution Per Unit

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12
Q

Variance

A

Budgeted Figure - Actual Figure

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13
Q

Gross Profit

A

Sales Revenue - cost of sales

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14
Q

Operating Profit

A

Gross Profit - Expenses

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15
Q

Profit For the Year Equation

A

Operating Profit +/- Finance Costs

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16
Q

Cost of sales (Used to work out gross profit)

A

Sales Revenue - Gross Profit

17
Q

Gross Profit Margin

A

Gross Profit/Revenue X 100

18
Q

Operating Profit Margin

A

Operating Profit/Revenue X 100

19
Q

Profit For the year Margin

A

Profit For the year/Revenue X 100

20
Q

Current Ratio Equation

A

Current Assets/ Current Liabilities

21
Q

Acid Test Ratio

A

Current Assets/(Current liabilities - Stock)

22
Q

Working Capital

A

Current Assets - Current Liabilities

23
Q

Capacity Utilisation

A

Actual Level Of output/Maximum Level Of output X 100

24
Q

Variation

A

Actual Data - Moving Average

25
Q

Gearing

A

Non Current Liabilities/Total Equity + Non Current Liabilities X 100

26
Q

Capital Employed

A

Non Current Liabilities + Total Equity

27
Q

Return on Capital Employed

A

Operating Profit/Total Equity + Non-current liabilites X 100

Business A Level Equations (1 decks)

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