Formulas Flashcards
1
Q
Total costs
A
Total costs= fixed costs + variable costs
2
Q
profit/ loss
A
Profit/loss = Revenue - Expenditure
3
Q
Breakeven point
A
Breakeven point = Fixed cost / selling price per unit- variable costs
4
Q
Gross profit
A
Gross profit = Revenue - cost of sales
5
Q
Net profit
A
net profit = Gross profit - expenditure
6
Q
Working capital
A
Working capital = Current Assets- current liabilities
7
Q
Sales revenue
A
Sales revenue = Quantity x Price
