Formulas Flashcards
1
Q
Total Costs?
A
Fixed costs + Variable costs
2
Q
Fixed costs + Variable costs?
A
Total Costs
3
Q
Variable costs
A
Cost of one unit x Quantity produced
4
Q
Cost of one unit x Quantity produced
A
Variable costs
5
Q
Revenue
A
Price x Quantity
6
Q
Price x Quantity
A
Revenue
7
Q
Break even
A
Fixed costs / (Sales price - Variable costs)
8
Q
Fixed costs / (Sales price - Variable costs)
A
Break even
9
Q
Margin of Safety
A
Actual or budgeted sales - Break even sales
10
Q
Actual or budgeted sales - Break even sales
A
Margin of Safety
11
Q
Interest
A
(Total repayment - Borrowed amount) / (Borrowed amount x 100)
12
Q
(Total repayment - Borrowed amount) / (Borrowed amount x 100)
A
Interest
13
Q
Net cash flow
A
Cash inflows - Cash outflows
14
Q
Cash inflows - Cash outflows
A
Net cash flow
15
Q
Opening balance
A
Closing balance of previous period
