Equations Flashcards
0
Q
What’s the formula for labour productivity?
A
Output per period / number of employees.
1
Q
What’s the formula for labour turnover?
A
Number of staff leaving / average number of staff
2
Q
What’s the formula for capacity utilisation?
A
Output / capacity X 100
3
Q
What’s the formula for gross profit?
A
Revenue - variable costs.
4
Q
What’s the formula for net profit?
A
Revenue - total costs.
5
Q
What’s the formula for net profit margin?
A
Net profit / revenue X 100
6
Q
What does Return on capital employed tell you?
A
How much money is made by a business compared to how much money has been put into it
7
Q
What’s the formula for Return On Capital Employed?
A
Net profit / capital employed X 100
8
Q
What does net profit margin tell you?
A
It shows you how profitable a business or product is
