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Business A Level Equations > Equations > Flashcards

Equations Flashcards

1
Q

Revenue

A

Selling price per unit x number of units sold

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2
Q

Variable costs

A

Variable costs per unit x units sold

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3
Q

Total costs

A

Fixed costs + variable costs

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4
Q

Profit

A

Revenue - costs

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5
Q

Market capitalisation

A

Number of issued shares x current share price

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6
Q

Net gain

A

Expected value - initial cost of decision

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7
Q

Market growth (%)

A

(Change in market size over a period/original size of the market) x 100

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8
Q

Market share (%)

A

(Sales of one product/ total sales in the market) x 100

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9
Q

Added value

A

Sales revenue - bought in goods or services

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10
Q

Labour productivity

A

Output over a time period/ number of employees

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11
Q

Unit costs

A

Total costs/ number of units of outputs

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12
Q

Capacity utilisation (%)

A

Actual output/ maximum possible output

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13
Q

Return on investment (%)

A

(Profit from investment/ cost of investment) x 100

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14
Q

Gross profit

A

Revenue - cost of sales

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15
Q

Operating profit

A

Gross profit - operating expenses

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16
Q

Profit for the year

A

Operating profit + profit from other activities- net finance costs - tax

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 year margin (%)

A

(Profit for year/ revenue) x 100

20
Q

Variance

A

Budgeted figure - actual figure

21
Q

Contribution per unit

A

Selling price - variable cost per unit

22
Q

Total contribution

A

Contribution per unit x units sold OR total revenue - total variable cost

23
Q

Break-even output

A

Fixed costs/ contribution per unit

24
Q

Margin of safety

A

Actual level of output/ break-even level of output

25
Q

Labour turnover (%)

A

(Number of staff leaving/ number of staff employed) x 100

26
Q

Employee retention rate (%)

A

Number of employees who remained with business for the whole period of time/ number of employees at the start of the time period

27
Q

Employee costs as a percentage of turnover (%)

A

(Employee costs/ turnover) x 100

28
Q

Labour costs per unit

A

Labour costs/ units of output

29
Q

ROCE (%)

A

(Operating profit/ total equity + non-current liabilities) x 100

30
Q

Current ratio

A

Current assets/ current liabilities :1

31
Q

Gearing (%)

A

(Non-current liabilities/ total equity + non-current liabilities) x 100

32
Q

Payable days

A

Payables/ cost of sales x 365

33
Q

Receivables days

A

Receivables/ revenue x 365

34
Q

Inventory turnover

A

Cost of sales/ average inventories held

35
Q

ARR (%)

A

(Average annual return/ initial cost of project) x 100

36
Q

Capital employed

A

Total equity + non- current liabilities

Business A Level Equations (1 decks)

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