formulas Flashcards
1
Q
Profit/loss
A
total revenue-total cost
2
Q
Total Revenue
A
Selling price x Quantity sold
3
Q
Gross profit
A
Revenue - Cost of sales
4
Q
Net profit
A
Gross profit -Fixed cost
5
Q
Contribution
A
Selling price - variable cost
6
Q
Break even point
A
Fixed cost / contribution
7
Q
Margin of safety
A
Actual sales - Break even point
8
Q
Retained profit
A
Net profit - Dividends - Tax
9
Q
Total costs
A
Fixed costs + Variable cost
10
Q
Total variable cost
A
Variable cost per unit x quantity sold
11
Q
Unit costs
A
Total cost / output
12
Q
Mark up
A
Gross profit/Cost of sales x 100
13
Q
Net profit Margin
A
Net profit/Revenue x 100
14
Q
Gross profit margin
A
Gross profit/Revenue x 100
15
Q
Current Ratio
A
Current Assets/Current liabilities
