Equations Flashcards
1
Q
Net cash flow
A
Total inflows-total outflows
2
Q
Closing balance
A
Opening balance+net cash flow
3
Q
Sales volume
A
Total number of units sold over a period of time
Sales revenue / unit price
4
Q
Sales revenue
A
Number of units sold x unit price
5
Q
Total variable costs
A
Number of units sold x variable cost per unit
6
Q
Total costs
A
Fixed costs + variable costs
7
Q
Average total costs
A
Total costs/output
8
Q
Contribution per unit
A
Selling price per unit - variable cost per unit
9
Q
Total contribution
A
Contribution per unit x number of units sold
10
Q
Break even
A
Fixed costs /contribution per unit
11
Q
Variance
A
Actual - budget
12
Q
Gross profit
A
Sales revenue - cost of sales
13
Q
Operating profit
A
Gross profit -overheads
14
Q
Net profit
A
Operating profit - tax
15
Q
Gross profit margin
A
Gross profit / sales revenue x 100
