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Business > Formulas > Flashcards

Formulas Flashcards

1
Q

Market share

A

(sales of a product or business/total market sales) × 100

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2
Q

(sales of a product or business/total market sales) × 100

A

Market share

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3
Q

PED

A

% change in quantity demanded/ % change in price

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4
Q

% change in quantity demanded/ % change in price

A

PED

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5
Q

% change in quantity demanded/ % change in income

A

YED

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6
Q

YED

A

% change in quantity demanded/ % change in income

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7
Q

new-old/old × 100

A

Percentage change

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8
Q

Percentage change

A

new-old/old × 100

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9
Q

Net cash flow

A

= total inflows- total outflows.

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10
Q

= total inflows- total outflows.

A

Net cash flow

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11
Q

Sales volume

A

= total number of units sold over a period of time

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12
Q

= total number of units sold over a period of time

A

Sales volume

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13
Q

Sales revenue

A

number of units sold x unit price.

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14
Q

number of units sold x unit price.

A

Sales revenue

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15
Q

Total variable cost

A

= number of units sold x variable cost per unit_

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16
Q

= number of units sold x variable cost per unit_

A

Total variable cost

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17
Q

Contribution per unit

A

= selling price per unit - variable cost per unit

18
Q

selling price per unit - variable cost per unit

A

Contribution per unit =

19
Q

Total contribution

A

contribution per unit x number of units sold

20
Q

contribution per unit x number of units sold

A

Total contribution

21
Q

Break-even

A

= fixed costs/ Contribution per unit

22
Q

= fixed costs/ Contribution per unit

A

Break even

23
Q

Variance

A

= Actual - Budget

24
Q

= Actual - Budget

A

Variance =

25
Q

Sales revenue - cost of sales

A

Gross Profit

26
Q

Gross Profit

A

= Sales revenue - cost of sales

27
Q

Operating profit

A

Gross profit- overheads

28
Q

Gross profit- overheads

A

Operating profit

29
Q

Net Profit

A

= Operating profit +/- finance costs

30
Q

= Operating profit +/- finance costs

A

Net Profit

31
Q

Gross Profit margin

A

(Gross profit/ sales revenue) × 100

32
Q

Current Ratio

A

Current assets/ current liabilities

33
Q

Current assets/ current liabilities

A

Current Ratio

34
Q

Acid test ratio

A

= (Current assets- inventories)/ current liabilities

35
Q

= (Current assets- inventories)/ current liabilities

A

Acid test ratio

36
Q

Productivity (labour)

A

= Output per period (units)/ Number of employees in that time period

37
Q

= Output per period (units)/ Number of employees in that time period

A

Productivity

38
Q

Capacity Utilisation

A

= (Actual level of output/ Maximum possible output) x 100

39
Q

= (Actual level of output/ Maximum possible output) x 100

A

Capacity utilisation

40
Q

Average cost=

A

total cost/ output

41
Q

total cost/ output

A

Average cost

Business (7 decks)

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