Equations Flashcards
1
Q
Total Revenue
A
Selling Price x Quantity Sold
2
Q
Total variable cost
A
Variable cost x Quanitity sold
3
Q
Total costs
A
Fixed + Variable
4
Q
Average Total cost
A
Total costs / no. units produced.
5
Q
Profit
A
Total Revenue - Total costs
6
Q
% change
A
Change (between 2 values) / Original x 100
7
Q
Contribution per unit
A
Selling price - Variable cost
8
Q
Break even point
A
Fixed cost / contribution per unit
9
Q
Margin of safety
A
Actual sales - Breakeven
10
Q
Calculating profit or loss
A
(QS x CPU) - Fixed costs
11
Q
Sales Variance
money coming in
A
Actual figures - budgeted figures
12
Q
Expenditure variance (money going out)
A
Budgted figures - actual figures
13
Q
Net cash flow
A
Total recipients - Total payments
14
Q
Opening Balance
A
Closing balance from previous year
15
Q
Closing Balance
A
Opening balancce + net cash flow
