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Gigachad Time > Formulas > Flashcards

Formulas Flashcards

1
Q

Market Share

A

(Your sales/total market sales) x 100

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2
Q

Price elasticity of demand

A

% change in quantity/% change in price

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3
Q

Income elasticity of demand

A

% change in quantity demanded/% change in price

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4
Q

Cross elasticity demand

A

% change in the quantity demanded of product A / % change in the price of product B

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5
Q

Contribution per unit

A

Selling price - variable cost

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6
Q

Break even output

A

Fixed costs/contribution per unit

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7
Q

Gross Profit

A

Revenue - cost of sale

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8
Q

Gross Profit margin

A

(Gross profit/ sales revenue) x 100

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9
Q

Operating profit

A

Gross profit- expenses (cost of marketing, wages, rent)

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10
Q

Operating profit margin

A

(Operating profit/sales revenue) x 100

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11
Q

Working capital

A

Current assets - current liabilities

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12
Q

Productivity

A

Output per time period - input per time period

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13
Q

Labour productivity

A

Output per time period/no. Workers/hours worked

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14
Q

Net profit

A

Gross profit - other operating expenses and interest

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15
Q

Average rate of return (%)

A

Average annual profit / cost of investment x 100

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16
Q

% Mark Up (cost - plus pricing)

A

Unit cost + mark up

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17
Q

Unit cost

A

Total Cost / Number of Units

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18
Q

Net Cash Flow

A

Total Cash inflow - total cash outflow

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19
Q

Opening balance

A

Closing balance from previous period

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20
Q

Closing balance

A

Opening balance + net cash flow

21
Q

Sales revenue

A

Price x quantity sold

22
Q

Total cost

A

Total fixed costs x total variable cost

23
Q

Break even

A

Fixed cost / (selling price per unit - variable cost per unit)

24
Q

Contribution per unit

A

Selling price per unit - variable cost per unit

25
Q

Total contribution

A

Contribution per unit X quantity sold

26
Q

Profit

A

Total revenue - total costs - fixed costs

27
Q

Variance

A

Actual figure - budgeted figure

28
Q

Gross profit

A

Sales revenue- cost of sale

29
Q

Operating profit

A

Gross profit - other operating expenses (fixed costs and overheads)

30
Q

Net profit

A

Operating profit - finance costs and tax

31
Q

Profit margins

A

(Gross, net or operating profit / sales revenue) x 100

32
Q

Current ratio

A

Current assets/current liabilities

33
Q

Acid test ratio

A

(Current assets - inventories)/current liabilities

34
Q

Productivity

A

Output/inputs per time period

35
Q

Capacity utilisation

A

(Current or actual output/ maximum output) X 100

36
Q

Average rate of return

A

(Average annual profit/initial outlay) x 100

37
Q

Present value

A

Net cash flow X discount factor

38
Q

Net present Value (NPV)

A

Total of present value including the cost of investment

39
Q

Expected values (decision trees)

A

Probability of outcome X result of outcome

40
Q

Net gain

A

Total expected value for decision - cost of investment

41
Q

Float (critical path analysis)

A

Latest Finish Time - duration - earliest start time

42
Q

Gearing

A

(Non - current liabilities/capital employed) X 100

43
Q

Capital employed

A

Non current liabilities + total equity

44
Q

Return on capital employed

A

(Operating profit/capital employed) x 100

45
Q

Labour productivity

A

Output per period / number of employees per period

46
Q

Labour turnover

A

(Number of staff leaving in period/average number of staff) x 100

47
Q

Labour retention

A

(Staff not leaving in period/average number of staff in period) x 100

48
Q

Absenteeism

A

Total absence in the period/possible total x 100

49
Q

Return on Capital invested

A

Profit of investment/cost of investment

Gigachad Time (7 decks)

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