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business- year 2 > formulas > Flashcards

formulas Flashcards

1
Q

Market share:

A

sales of a business/ total sales in a market x 100

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2
Q

Price elasticity of demand?

A

% change in quantity demanded / % change in price x 100

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3
Q

Percent change :

A

new - old / old

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4
Q

Income elasticity of demand?

A

% change in quantity demanded / % change in income

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5
Q

breakeven

A

total fixed costs / contribution per unit

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6
Q

contribution

A

selling price - variable cost per unit

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7
Q

total contribution

A

contribution per unit x no of units sold

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8
Q

margin of safety

A

total output - breakeven point

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9
Q

gross profit

A

sales revenue - cost of sales

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10
Q

gp margin

A

gross profit / sales revenue x 100

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11
Q

operating profit

A

gross profit - expenses

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12
Q

op margin

A

operating profit / sales revenue x 100

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13
Q

working capital

A

current assets - current liabilities

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14
Q

productivity

A

output per time period / input per time period

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15
Q

sales volume

A

sales revenue / price

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16
Q

sales revenue

A

price x quantity

17
Q

total costs

A

FC + VC

18
Q

total variable

A

total - fixed

or

average variable x output

19
Q

profit

A

total revenue - total costs

20
Q

net profit

A

operating profit - interest

21
Q

np margin

A

np / sales revenue x 100

22
Q

current ratio

A

current assets / current liabilities

23
Q

acid test ratio

A

current assets - stock / current liabilities

24
Q

capital productivity

A

output per time / no of machines

25
Q

labour productivity

A

output per time period / no of worker/ hours worked

26
Q

moving averages

A
  1. moving total

adding together sales figures for a specific number of periods

  1. centred average

divide moving total by no of periods

27
Q

payback period

A

initial outlay / cash flow = yr and month

28
Q

arr

A

arr / initial outlay x 100

29
Q

gearing

A

Non-current liabilities/ Total equity + non-current liabilities ×100

30
Q

roce

A

Operating profit / Total equity + non-current liabilities × 100

business- year 2 (11 decks)

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