Equations Flashcards
Total Revenue
Selling Price x Quantity Sold
Total variable cost
Variable cost x Quanitity sold
Total costs
Fixed + Variable
Average Total cost
Total costs / no. units produced.
Profit
Total Revenue - Total costs
% change
Change (between 2 values) / Original x 100
Contribution per unit
Selling price - Variable cost
Break even point
Fixed cost / contribution per unit
Margin of safety
Actual sales - Breakeven
Calculating profit or loss
(QS x CPU) - Fixed costs
Sales Variance
money coming in
Actual figures - budgeted figures
Expenditure variance (money going out)
Budgted figures - actual figures
Net cash flow
Total recipients - Total payments
Opening Balance
Closing balance from previous year
Closing Balance
Opening balancce + net cash flow
Cost of sales
Opening stock + purchases - closing stock
Gross Profit
Revenue - cost of sales
Net Profit
Gross Profit - Total expenses
Profit after tax
Net profit - tax
Retained Profit
Profit after tax - dividends
Gross profit margin
Gross profit / sales revenue x 100
Net profit margin
Net profit before tax & interest / Sales Revenue x 100
Market share
sales of business / total sales in maket x 100
Market growth
change in market size / orignial market size x 100
