Formula Flashcards
1
Q
Price elasticity of demand (PED)
A
% change in quantity demanded / % change in income
2
Q
Net cash flow
A
Cash inflows - cash outflows
3
Q
Opening balance
A
Cash balance at start of month
4
Q
Sales revenue
A
Selling price X quantity sold
5
Q
Total variable costs
A
Variable cost per unit X quantity sold
6
Q
Total costs
A
Fixed cost + variable cost
7
Q
Profit
A
Total revenue - total cost
8
Q
Break even output
A
Fixed cost / contribution per unit
9
Q
Contribution per unit
A
Selling price per item - variable cost per item
10
Q
Total contribution
A
Contribution per unit X quantity sold
11
Q
Margin of safety
A
Actual output - break even output
12
Q
Profit
A
Sales - expenses
13
Q
Net profit margin
A
Net profit / sales X 100
14
Q
Gross profit margin
A
Gross profit / sales X 100
15
Q
Return on capital employed
A
Profit before tax and interest / capital employed X 100
