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Business > Formulas > Flashcards

Formulas Flashcards

1
Q

Percentage change increase

A

Increase equals new number take away original number
increase divided by original number x one hundred

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2
Q

Percentage change decrease

A

decrease equals original number take way new number
decrease divided by original number x one hundred

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3
Q

THEME ONE: PED

A

change in quantity demanded divided by change in price
greater than minus one equals elastic
lower than minus one equals inelastic

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4
Q

THEME ONE: YED

A

change in quantity demanded divided by change in income
positive figure less than one equals normal good
positive figure more than one equals luxury good
negative figure equals inferior good

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5
Q

THEME ONE: Market Share

A

total sales of firm divided by total sales in market x one hundred

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6
Q

THEME TWO: Sales Revenue

A

selling price x sales volume

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7
Q

THEME TWO: Sales Volume

A

sales revenue divided by selling price

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8
Q

THEME TWO: Contribution per unit

A

selling price per unit take away variable costs per unit

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9
Q

THEME TWO: Total Contribution

A

contribution per unit x number of units sold

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10
Q

THEME TWO: Profit or Loss

A

total contribution take away fixed costs
or total revenue take away total costs

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11
Q

THEME TWO: Budget Variance

A

actual figure take away budgeted figure

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12
Q

THEME TWO: Break even point

A

where total revenue equals total costs

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13
Q

THEME TWO: Break even output

A

total fixed costs divided by contribution per unit

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14
Q

THEME TWO: Margin of safety

A

current sales volume or output take away break even output

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15
Q

THEME TWO: Gross profit

A

revenue take away total variable costs

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16
Q

THEME TWO: Operating profit

A

gross profit take away fixed costs

17
Q

THEME TWO: Net profit for year

A

operating profit plus or minus finance costs or income

18
Q

THEME TWO: Gross profit margin

A

gross profit divided by revenue x one hundred

19
Q

THEME TWO: operating profit margin

A

operating profit divided by revenue x one hundred

20
Q

THEME TWO: Net profit margin

A

Net profit divided by revenue x one hundred

21
Q

THEME TWO: Current ratio

A

Current assets divided by current liabilities

22
Q

THEME TWO: Acid ratio

A

current assets take away stocks divided by current liabilities

23
Q

THEME TWO: Working capital

A

current assets take away current liabilities

24
Q

THEME TWO: Net cash flow

A

cash inflow take away cash outflow

25
Q

THEME TWO: Labour productivity

A

output per time period divided by number of employees at work

26
Q

THEME TWO: Capacity utilisation

A

actual output divided by maximum possible output x one hundred

27
Q

THEME THREE: Total capital employed

A

total equity plus non current liabilities

28
Q

THEME THREE: Gearing ratio

A

non current liabilities divided by total capital employed x one hundred
low gearing equals blow thirty percent
high gearing equals over sixty percent

29
Q

THEME THREE: ROCE

A

operating profit or statement of comprehensive income divided by total capital employed or statement of financial position x one hundred

30
Q

THEME THREE: Absenteeism rate

A

total number absent per period divided by average number of employees per period x one hundred

31
Q

THEME THREE: Labour turnover

A

total number of employees leaving per period divided by average number of employees per period x one hundred

32
Q

THEME THREE: Labour retention rate

A

total number of employees remaining per period divided by average number of employees per period x one hundred

33
Q

THEME THREE: ARR

A

average annual profit divided by investment cost x one hundred

34
Q

THEME THREE: NPV

A

total discounted returns take away investment cost

Business (2 decks)

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