Equations Flashcards
Break even volume
Total fixed costs / contribution per unit
Contribution per unit
Selling price- variable cost per unit
Break even point
Break even volume x selling price
Margin of safety
Total revenue - break even revenue
Break even revenue
Total fixed costs / C/S ratio
Target sales revenue
Total fixed costs + target profit/ C/S ratio
Target sales volume
Total fixed costs + target profit/ contribution per unit
V’s of big data
Velocity, veracity, volume, value and variety
Types of data analytics
Descriptive
Diagnostic
Predictive
Prescriptive
What’s data visualisation
• Data visualisation - enables business managers to understand data + see trends/patterns (descriptive + diagnostic analytics)
Types of environmental costs
Prevention
Detection
Internal failure
External failure
NPV
FV x 1/(1+k)^n
5 ethical principles
Integrity, objectivity, professional competence, confidentiality + professional behaviour
Ethical threats
Self interest
Self review
Advocacy
Familiarity
Intimidation
