Finance Calculations Flashcards
1
Q
Revenue
A
quantity sold x price
2
Q
Total costs
A
Direct costs + indirect costs
variable costs + fixed costs
3
Q
Average costs
A
total/output
4
Q
Break-even output
A
fixed costs/ contribution per unit
fixed costs/ selling price - variable costs
5
Q
Gross profit
A
sales - cost of sales
6
Q
Net profit
A
gross profit - expenses
