formulas Flashcards
1
Q
closing balance
A
opening balance + net cash flow
1
Q
net cash flow
A
cash inflows - cash outflows
2
Q
total revenue
A
selling price x quantity sold
3
Q
total costs
A
fixed costs + total variable costs
4
Q
profit
A
total revenue - total costs
5
Q
total contribution
A
sales revenue - total variable costs
6
Q
contribution per unit
A
selling price - variable costs
7
Q
profit (using contribution)
A
selling price - variable costs
8
Q
break even output
A
total fixed costs / unit contribution
9
Q
margin of safety
A
actual sales - break even level of output
9
Q
revenue
A
unit price x quantity sold
10
Q
gross profit
A
sales revenue - cost of goods sold
10
Q
profit/loss of the year
A
gross profit - expenses + other income
11
Q
netbook value
A
cost - depriciation
12
Q
net current assets
A
current assets - current liabilities
