Formulas Flashcards
Market share
(sales of a product / total market sales) x 100
PED
% change in demand / % change in price
YED
% change in demand / % change in income
Net cash flow
total inflows - total outflows
Closing balance
net cashflow + opening balance
Sales volume
sales revenue / selling price
Sales revenue
number of units sold x unit price
Total variable costs
number of units sold x variable cost per unit
Total costs
fixed costs + variable costs
Profit
total revenue - total costs
total contribution - fixed costs
margin of safety x contribution per unit
Contribution per unit
selling price per unit - variable cost per unit
Total contribution
contribution per unit x number of units sold
total revenue - total variable costs
Break-even
fixed costs / contribution per unit
fixed costs / selling price - variable cost per unit
Variance
actual - budget
Gross profit
sales revenue - cost of sales
