formulas Flashcards
% mark up
(Difference in price/original cost) X 100
% change
((New value - old value)/old value) X 100
Price elasticity of demand (PED
% change in quantity demanded/% change in price
Income elasticity of demand (YED)
% change in quantity demanded/% change in income
opening balance
cash balance at the start of the month
net cash flow
cash inflows - cash outflows
closing balance
opening balance + net cash flow
total costs
fixed costs + variable costs
sales revenue
selling price X quantity sold
cumulative flow
sum of all closing balances
total variable costs
variable cost per unit X quantity sold
profit
total revenue - total costs
break even output
fixed costs/contribution per unit
contribution per unit
selling price per item - variable cost per item
total contribution
contribution per unit X quantity sold
