Formulae Flashcards

1
Q

Labour Turnover

A

(Number of staff leaving) / (average number of staff) x100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Operating Profit Margin

A

(operating profit) / (revenue) x100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Recievables Days

A

(Recievablesx365) / (Sales Revenue)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Profit

A

Total Revenue - Total Costs

Total Contribution - Fixed Costs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Retention Rate

A

(Number of employees serving for 1yr+) / (Average number of staff) x100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Variance

A

Actual spent - Budget

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Income elasticity of demand

A

(% change in quantity demanded) / (% change in income)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Profit of the year margin

A

(Profit of the year) / (revenue) x100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Break Even

A

(Fixed costs) / (contribution per unit)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

GDP per capita

A

GDP / Total population

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Labour cost per unit

A

Total Labour Costs / Total Output

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Market Capitalisation

A

Current share price x Number of issued shares

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Market Share

A

(Sales of product or business) / (Total market sales) x100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Inventory Turnover

A

Cost of sales / Average inventory held

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Price elasticity of demand

A

% change in quantity demanded / % change in price

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

market growth

A

(Change in market sales over a period of time) / (original market sales) x100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Sales Growth

A

(Change in sales over a period of time) / (Original Sales) x 100

18
Q

Revenue

A

Number of units sold x Price per unit

19
Q

Return on capital employed (ROCE)

A

(Operating Profit) / (Total equity + non-current liabilities) x 100

20
Q

Employee costs as a % of turnover

A

(Employee Costs) / (Revenue) x100

21
Q

Total Costs

A

Fixed Costs + Variable Costs

22
Q

Liquidity (current ratio)

A

Current assets / Current liabilities

23
Q

Labour Productivity

A

Total output / number of workers

24
Q

Gross Profit Margin

A

(gross profit) / (sales revenue) x 100

25
Q

Acid Test Ratio

A

(Current assets - stocks/inventory) / (Current liabilities)

26
Q

Payables Days

A

(Payables x 365) / (Cost of sales)

27
Q

Net Cash Flow

A

Total inflows - Total outflows

28
Q

Total contribution

A

Contribution per unit x Number of units sold

OR

Total revenue - total variable costs

29
Q

Gearing

A

(Non Current Liabilities) / (Total Equity + Non Current Liabilities) x 100

30
Q

Capacity Utilisation

A

(Actual Capacity) / (Maximum Capacity) x 100

31
Q

gross profit

A

sales revenue- cost of sales

32
Q

operating profit

A

gross profit-operating expenses

33
Q

profit of the year

A

operating profit-tax and interest

34
Q

Expected value of decision with two possible outcomes

eg) A & B

A

[ Pay off of A x probability of A] + [payoff of B x probability of B]

35
Q

Net gain

A

Expected value - initial cost of decision

36
Q

added value

A

sales revenue - costs of bought in goods and services

37
Q

Unit costs

A

total costs/ number of units of output

38
Q

Return on investment

A

profit from the investment/ cost of the investment x100

39
Q

contribution per unit

A

selling price - variable costs per unit

40
Q

Average rate of return

A

average annual return / initial cost of project x100