Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Business > Equations > Flashcards

Equations Flashcards

1
Q

What is the equation for Revenue?

A

Unit price x quantity

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is the equation for Total costs?

A

Fixed costs + Variable costs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is the equation for Gross profit?

A

Sales revenue (Turnover) - cost of goods sold (cost of sales)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What is the equation for Net profit?

A

Gross profit - Expenses (Expenditure)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What is the equation for Total fixed assets?

A

Add up all the fixed assets

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What is the equation for Total current assets?

A

Add up all of the current assets

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What is the equation for Net current assets (working capital)?

A

Current assets - Current liabilities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What is the equation for Net assets?

A

Total assets - Total liabilities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What is the equation for Capital employed?

A

Add up all of the sources of capital

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What is the equation for Total equity?

A

(Owners equity + profit for the year) - drawings by owners

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What is the equation for Net cash flow?

A

Cash inflows - Cash outflows

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What is the equation for closing balance?

A

Net cash flow + opening balance

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What is the equation for opening balance?

A

The closing balance from the previous month

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What is the equation for the break even point?

A

Selling price per unit - variable cost per unit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What is the equation for margin of safety?

A

Estimated sales - break even point

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

Business (15 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions