formulas Flashcards
1
Q
Labour turnover
A
Number of leavers/ average number of employees x 100
2
Q
PED
A
%change in quantity demanded/ %change in price
3
Q
YED
A
%change in quantity demanded/ %change in income
4
Q
contribution
A
selling price - variable costs per unit
5
Q
break even
A
fixed costs/ CPU
6
Q
gross profit
A
sales - cost of sales
7
Q
gross profit margin
A
gross profit/ revenue x 100
8
Q
net profit
A
gross profit - expenses
9
Q
net profit margin
A
net profit/ revenue x 100
10
Q
closing balance
A
net cash flow + opening balance
11
Q
Value added
A
selling price - cots of raw materials
