Equations Flashcards
Total variable costs?
Variable cost per item x number sold. (£)
Sales Revenue? (also known as income, sales income or revenue)
Selling price per item x number sold. (£)
Total costs?
Fixed costs + Variable costs. (£)
Profit?
Sales revenue - Total costs. (£)
Cost per unit?
Total costs/number sold. (£)
Market share?
Business’s sales/total market sales x 100 (%)
Market Growth?
Change in market size/original market size x 100 (%)
Total cash inflow?
Add all inflows. (£)
Total cash outflow?
Add all outflows. (£)
Net cash flow?
Cash inflow - Cash outflow. (£)
2000 - (3000)?
(1000)
Opening balance?
Closing balance of previous month (£)
Closing balance?
Opening balance + Net Cash Flow (£)
Net assets?
(Current assets + non current assets) - (current liabilities + non current liabilities)
Average rate of return?
Average yearly profit/cost of investment x 100.
