Formulas Flashcards
1
Q
Total revenue =
A
Price * quantity sold
2
Q
Total cost =
A
Fixed cost + total variable costs
3
Q
Profit =
A
Total revenue - total costs
4
Q
Net cash flow =
A
Receipts - payments ( inflows - outflows )
5
Q
Closing balance =
A
Opening balance + net cash flow
6
Q
Opening balance =
A
Closing balance of previous period
7
Q
Exchange rate =
A
The amount of currency which £1 will buy
8
Q
Amount in foreign currency =
A
Amount in £ * exchange rate
9
Q
Amount in £ =
A
Amount in foreign currency / exchange rate
10
Q
Labour productivity =
A
Total output / number of workers
11
Q
Contribution =
A
Price - variable cost
12
Q
Breakeven quantity =
A
Fixed cost / contribution
13
Q
Margin of safety =
A
Actual quantity sold - break even quantity
14
Q
Wages =
A
Hours worked * hourly rate
15
Q
Overtime =
A
Hours worked * overtime rate
