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Business > Formulae > Flashcards

Formulae Flashcards

1
Q

Market Share

A

(Total sales of company / Total sales of market) X 100

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2
Q

What does the demand and supply curves look like?

A

A demand curve starts at the top left and slopes down to the bottom right, and a supply curve starts in the bottom left and slopes up to the top right.

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3
Q

Sales Revenue

A

Sales Price X Sales Volume

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4
Q

Sales Volume

A

Sales Revenue / Price

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5
Q

Sales Price

A

Sales Revenue / Sales Volume

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6
Q

Average Cost (Unit Cost)

A

Total Cost / Output

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7
Q

Gross Profit

A

Revenue - Cost of Sales

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8
Q

Operating Profit

A

Gross Profit - Operating Expenses

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9
Q

Net Profit

A

Operating Profit - Interest

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10
Q

Gross Profit Margin

A

(Gross Profit / Revenue) X 100

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11
Q

Operating Profit Margin

A

(Operating Profit / Revenue) X 100

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12
Q

Net Profit Margin

A

(Net Profit / Revenue) X 100

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13
Q

Current Ratio

A

Current Assets / Current Liabilities

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14
Q

Acid Test Ratio

A

Current Assets - Inventories / Current Liabilities

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15
Q

Working Capital

A

Current Assets - Current Liabilities

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16
Q

Capacity Utilisation

A

(Current Output / Maximum Output) X 100

17
Q

What Happens to IMPORTS when a currency APPRECIATES

A

They get cheaper.

18
Q

What Happens to EXPORTS when a currency APPRECIATES

A

They get more expensive.

19
Q

What Happens to IMPORTS when a currency DEPRECIATES

A

They get more expensive.

20
Q

What Happens to EXPORTS when a currency DEPRECIATES

A

They get cheaper.

21
Q

Unit Contribution

A

Selling Price - Variable Cost Per Unit

22
Q

Total Contribution

A

Total Revenue - Total Variable Costs

23
Q

Break-even Output

A

Fixed Costs / (Sales price per unit – Variable costs per unit)

24
Q

Margin of Safety

A

Current Output - Breakeven (units)

25
Q

Price Elasticity of Demand

A

%∆ quantity demanded / %∆ in price

26
Q

Income Elasticity of Demand

A

%∆ quantity demanded / %∆ in income

Business (10 decks)

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