formulas Flashcards
what is the formula for PED?
% change in QD/ %change in price
what is the formula for YED?
% change in QD/ % change in income
what is the formula for market share?
num sales by a firm/ num of sales in a market x 100
what is the formula for sales volume?
sales rev/selling price
what is the formula for break even?
fixed cost / contribution
what is the formula for contribution?
selling price per unit - variable cost per unit
what is the formula for margin of safety?
actual sales - break even sales
what is the formula for gross profit?
revenue - variable costs
what is the formula for operating profit?
gross profit - expenses
what is the formula for net profit?
operating profit - interest
what is the formula for __ profit margin?
net or gross or operating profit/ revenue x 100
what is the formula for capacity utilisation?
current output/ max possible output x 100
what is the formula for current ratio?
current assets/ current liabilities
what is the formula for the acid test ratio?
current assets - inventory/ current liabilities
