Formulae Flashcards
1
Q
What is profit
A
Revenue-costs
2
Q
What is revenue
A
Price X quantity
3
Q
Total costs
A
Foxed costs+variable costs
4
Q
Total variable costs
A
Variable costs per unit+ variable costs
5
Q
Average unit cost
A
Total cost/ output
6
Q
Market share
A
Business sales/market sales X 100
7
Q
Market growth
A
Change is sales/ priginal sales X 100
8
Q
Break even output
A
TR and TC
9
Q
Margin of safety
A
Actual sales-break even output
10
Q
Net cash flow
A
Cash inflow- cash outflow
