Formulas Flashcards
1
Q
Total costs
A
Fixed+variable
2
Q
Net cash flow
A
Inflows-outflows
3
Q
Opening balance
A
Cash balance at the start of the month
4
Q
Closing balance
A
Opening balance + net cash flow
5
Q
PED
A
Percentage change in quantity/ percentage change in price
6
Q
YED
A
Percentage change in quantity demanded/ percentage change in income
7
Q
Revenue
A
Price x quantity sold
8
Q
Profit
A
Revenue- total costs
9
Q
Break even
A
Fixed costs / contribution per unit
10
Q
Contribution
A
Selling price per item - variable cost per item
11
Q
Margin of safety
A
Actual output- break even output
12
Q
Budget variance
A
Budget amount- actual amount
13
Q
Gross profit
A
Sales revenue - cost of sales
14
Q
Gross profit margin
A
(Gross profit margin/revenue) x100
15
Q
Operating profit
A
Gross profit - operating expenses
