Equations Flashcards
1
Q
Profit=
A
Revenue=costs
2
Q
Revenue=
A
Price x quantity
3
Q
Total costs=
A
Fixed costs + variable costs
4
Q
Total variable costs=
A
Variable costs per unit x output
5
Q
Average unit cost=
A
Total costs/output
6
Q
Market share % =
A
Business sales/market sales x100
7
Q
Market growth %=
A
Change in sales/orginal x100
8
Q
Break even output=
A
Total total revenue and total cost
9
Q
Margin of safety
A
Actual sales-breakeven output
10
Q
Net cash flow=
A
Cash inflows-cash outflows
11
Q
Closing balance
A
Opening balance + net cash flow
