Formulas Flashcards
1
Q
Profit
A
Revenue - Costs = Profit
2
Q
Total Revenue
A
Selling Price x Quantity Sold = Total Revenue
3
Q
Profit or Loss
A
Total Revenue - Total Costs = Profit or Loss
4
Q
Gross Profit
A
Revenue - Cost of Sales = Gross Profit
5
Q
Net Profit
A
Gross Profit - Fixed Costs = Net Profit
6
Q
Contribution
A
Selling Price - Variable Costs = Contribution
7
Q
Break Even Point
A
Fixed Costs ÷ Contribution = Break Even Point
8
Q
Margin of Safety
A
Total Output - Break Even Point = Margin of Safety
9
Q
Retained Profit
A
Net Profit - Dividends - Tax = Retained Profit
10
Q
Total Costs
A
Fixed Costs + Variable Costs = Total Costs
