Formulas Flashcards
1
Q
Cost of sales
A
Open inventory + purchases - closing inventory
2
Q
Contribution per unit
A
Selling price per unit - variable cost per unit
3
Q
Gross profit
A
Revenue - cost of sales
4
Q
Total contribution
A
Contribution per unit x number of units sold
5
Q
Sales
A
Costs of goods sold + gross profit
6
Q
Break even point
A
Fixed cost / contribution per unit
7
Q
Profit
A
Gross profit - total expenses
8
Q
Margin of safety
A
Sales - break even
9
Q
Revenue
A
Cost of sales + gross profit
10
Q
Months of break even
A
Break even units / units produced per month
11
Q
Markup
A
(Gross profit / cost of sales) x 100
12
Q
Gross profit margin
A
(Gross profit / revenue) x 100
13
Q
Net profit margin
A
(Net profit / revenue) x 100
14
Q
Net current assets
A
Current assets - current liabilities
15
Q
Net profit
A
Gross profit - expenses
