Formulas Flashcards
1
Q
Revenue
A
Profit+ Total Costs
2
Q
Variable costs
A
Total Revenue - Fixed Costs - Profit
3
Q
Total costs
A
Fixed Costs + Total Variable Costs
4
Q
Profit
A
Total Revenue- Total Costs
5
Q
Loss
A
Total costs - Total Revenue
6
Q
Break- even
A
Fixed Costs/ Contribution
7
Q
Contribution
A
Selling price - Variable Costs
8
Q
Gross Profit
A
Revenue - Cost of Sales
9
Q
Operating profit
A
Gross profit - Expenses
10
Q
Profit for the year
A
Operating profit - net finance costs(interest) - tax
11
Q
Gross profit margin
A
GP/ Revenue * 100
12
Q
Operating profit margin
A
OP/ Revenue * 100
13
Q
Profit for the year margin
A
PFY/ Revenue * 100
14
Q
Margin of Safety
A
Actual level of output - Break even level of output
