Formula Flashcards

1
Q

Percentage change between 2 numbers

A

(Difference / Old) * 100

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2
Q

Total Revenue

A

Selling Price * Quantity Sold

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3
Q

Total Costs

A

Fixed Costs + Variable Costs

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4
Q

Profit

A

Total Revenue - Total Costs

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5
Q

Breakeven (units)

A

Fixed Costs/Contribution per unit

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6
Q

Contribution per unit

A

Selling per unit - variable costs per unit

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7
Q

Margin of safety

A

Actual Output - Breakeven output

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8
Q

Average rate of return

A

(Average annual profit / initial investment) * 100

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9
Q

Gross Profit

A

Sales Revenue - Costs of Sales

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10
Q

Net Profit

A

Gross profit - other costs

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11
Q

Gross profit margin

A

(Gross profit / revenue) * 100

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12
Q

net profit margin

A

(Net profit / revenue) * 100

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13
Q

Value Added

A

Selling price -costs of bought in goods and services (variable costs per unit)

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14
Q

Opening balance of cashlow

A

Previous months closing balance

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15
Q

Net Cash flow

A

Total cash inflows - total cash outflows

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16
Q

Closing Balance

A

Opening Balance + Net Cash flow

17
Q

Exchange Rate Calculation

A

Rule 1 - from £ to foreign currency, multiply

Rule 2 - From foreign to £, divide