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Business Comp 2 > Equations > Flashcards

Equations Flashcards

1
Q

PED

A

(% Change in quantity demanded)
——————————————-
(% Change in Price)

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2
Q

YED

A

(% Change in Quantity demanded)
———————————————
(% Change in income)

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3
Q

3 point moving average

A

Take three adjacent figures for each month and divide by three

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4
Q

Variance

A

Budgeted Figure - Actual Figure

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5
Q

Working Capital

A

Current Assets - Current Liabilities

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6
Q

Capital Employed

A

Share Capital + Retained Earnings+ Long-Term Borrowings

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7
Q

Depreciation

A

Original cost of fixed asset
———————————-
Useful life of fixed asset

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8
Q

ROCE

A

Operating Profit
——————— *100
Capital Employed

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9
Q

Current Ratio

A

Current assets
———————-
Current Liabilities

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10
Q

Acid Test

A

Current Assets (excluding stock)
——————————————
Current Liabilities

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11
Q

Gearing Ratio

A

Non-current Liabilities
—————————— *100
Capital Employed

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12
Q

Expected Value (Decision Trees)

A

Calculated by multiplying the estimated financial effect by its probability

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13
Q

Net Gain (Decision Trees)

A

Add the expected value of each outcome and deduct the cost associated with the decision

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14
Q

EST (CPA)

A

EST of previous activity + duration of previous activity (work left to right)

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15
Q

LFT (CPA)

A

LFT at the end of following activity - duration of following activity (work right to left)

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16
Q

Float time (CPA)

A

LFT at end of task - duration of task - EST at start of task

17
Q

Pay Back

A

Cost of initial investment
——————————————
Net cash earned per time period

18
Q

APR %

A

Average annual profit
—————————- *100
Cost of investment

19
Q

DCF / NPV

A
  1. Multiply each years net cash flow by the discount rate for the year.
  2. Total the discounted net cash flows and then subtract the initial investment.
20
Q

Index Numbers

A

Value in period
————————- *100
Value in base period

Business Comp 2 (5 decks)

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