formulae Flashcards
1
Q
market share
A
(sales/tot market sales) x100
2
Q
PED
A
%change in Q/%change in P
3
Q
YED
A
%change in Q/%change in Y
4
Q
net cash flow
A
total inflows - total outflows
5
Q
sales vol
A
total no of units sold over a period of time
6
Q
sales rev
A
no of units sold x unit price
7
Q
total variable costs
A
no of units sold x variable cost per unit
8
Q
total costs
A
fixed costs + variable costs
9
Q
contribution per unit
A
selling price per unit - variable cost per unit
10
Q
total contribution
A
contribution per unit x no of units sold
11
Q
break even
A
fixed costs/contribution per unit
12
Q
variance
A
actual - budget
13
Q
gross profit
A
sales revenue - cost of sales
14
Q
operating profit
A
gross profit - overheads
15
Q
net profit
A
operating profit - costs
