Formulae E1 - F1 Flashcards
1
Q
Fixed cost + variable cost
A
Total cost
2
Q
Opening balance + Net Cash Flow
A
Closing balance
3
Q
Fixed cost / contribution per unit
A
Break Even output
4
Q
Total inflow - total outflow
A
Net cash flow
5
Q
Selling price per unit - varaible cost per unit
A
contribution per unit
6
Q
Total revenue - Total cost
A
Profit
7
Q
Total sales - Total variable cost
A
Total contribution
8
Q
Selling price x Quantity sold
A
Sales revenue
9
Q
Actual sales - Break even level of output
A
Margin of safety
10
Q
Contribution per unit x Margin of safety
A
Profit
11
Q
Sales revenue - cost of sales
A
Gross profit
12
Q
Opening Inventory + purchases - Closing Inventory
A
Cost of goods sold
13
Q
Gross Profit - expenses + other income
A
Net profit
