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AQA GCSE Business > Equations > Flashcards

Equations Flashcards

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1
Q

EQUATION FOR:

Percentage Change

A

Difference/original x 100

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2
Q

EQUATION FOR:

Revenue

A

Sales x price

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3
Q

EQUATION FOR:

Total costs

A

Fixed costs + variable costs

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4
Q

EQUATION FOR:

Average unit costs

A

Total cost/output

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5
Q

EQUATION FOR:

Profit

A

Revenue - cost

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6
Q

EQUATION FOR:

Market share

A

Sale value of your business / original sales value x 100

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7
Q

EQUATION FOR:

Market growth

A

Change in sales value / original sales value x 100

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8
Q

EQUATION FOR:

Average rate of return

A

Average annual profit / cost of investment x 100

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9
Q

EQUATION FOR:

Break even output

A

Total costs = total revenue

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10
Q

EQUATION FOR:

Margin of safety

A

Current output level - break even output level

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11
Q

EQUATION FOR:

Net cash flow

A

Total inflaws - total outflows

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12
Q

EQUATION FOR:

Closing balance cash flow

A

Opening balance + net cash flow

Or

Opening balance + inflows - outflows

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13
Q

EQUATION FOR:

Opening balance cash flow

A

Closing balance of the previous month

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14
Q

EQUATION FOR:

Gross profit

A

Revenue - cost of sales

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15
Q

EQUATION FOR:

Operating profit

A

Gross profit - expenses

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16
Q

EQUATION FOR:

Net profit

A

Operating profits - tax - finance costs

17
Q

EQUATION FOR:

Gross profit margin

A

Gross profit / sales revenue x 100

18
Q

EQUATION FOR:

Net profit margin

A

Net profit / sales revenue x 100

19
Q

EQUATION FOR:

Net current assets

A

Current assets - current liabilities

20
Q

EQUATION FOR:

Net assets

A

Non current assets + net current assets - non current liabilities

21
Q

EQUATION FOR:

Total equity

A

Share capital + retained profits

AQA GCSE Business (8 decks)

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