Formula revision Flashcards
1
Q
Net cash flow
A
Total cash inflow - total cash outflow
2
Q
Total costs
A
fixed costs + total variable costs
3
Q
Total revenue
A
selling price x quantity sold
4
Q
Closing balance
A
opening balance + net cash flow
5
Q
Profit
A
Total revenue - total costs
6
Q
Total contribution
A
sales revenue - total variable costs
7
Q
Contribution per unit
A
selling price - variable cost per unit
8
Q
Profit using contribution
A
contribution per unit x margin of safety
9
Q
Margin of safety
A
Actual sales - break even level of output.
10
Q
Break even output
A
total fixed costs/ unit contribution
11
Q
Revenue
A
Unit price x quantity sold
12
Q
Gross profit
A
Sales revenue - costs of goods sold
13
Q
Profit/loss for the year
A
Gross profit- expenses + other income
14
Q
Costs of goods sold
A
Opening inventory + purchases- closing inventory.
15
Q
Net book value
A
Cost - depreciation
