Formulas Flashcards
1
Q
Total costs
A
Total fixed costs + Total variable costs
2
Q
Total income
A
Number of units x Selling price
3
Q
Profit
A
Income - Total costs
4
Q
Operating profit
A
Gross profit - Operating expenses
5
Q
Profit for the year ended
A
Operating costs + Profit from other activities - Net finance costs - Tax
