Equations Flashcards
1
Q
Market size
A
Number of units sold x price
2
Q
Operating profit
A
Gross profit - expenses
3
Q
Operating profit margin
A
Operating profit / sales revenue x100
4
Q
Profit
A
Total revenue - total costs
5
Q
Profit of the year
A
Operating profit -interest / tax
6
Q
Profit of the year margins
A
Profit of the year / sales revenue x100
7
Q
Sales revenue
A
Selling price x quantity sold
8
Q
Total cost
A
Fixed cost + variable cost
9
Q
Total revenue
A
Selling price x quantity sold
10
Q
Variance analysis
A
Budgeted figure - actual figure
11
Q
Acid test ratio
A
Liquid assets /current liability
12
Q
Adverse variance
A
Budgeted figure - actual figure
13
Q
Break even
A
Tc = tr
14
Q
Break even point
A
Fixed cost / contribution per unit
15
Q
Capacity Utilisation
A
Actual output / maximum output x 100
