Finance Flashcards
1
Q
Profit
A
Profit= Revenue-total cost
2
Q
Total cost
A
Total=Cost of sales + expenses
3
Q
Revenue
A
The amount earned for the sales of the product.
4
Q
Cost of sales
A
The cost of purchasing the goods used to make the products sold.
5
Q
Net cash flow
A
Net cash flow=Cash inflow- cash outflow
6
Q
Gross profit
A
Gross profit= gross profit/ revenue x 100%
7
Q
Profit margin
A
Profit/revenue x 100%
