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Business > formulas > Flashcards

formulas Flashcards

1
Q

what is the formula for AVERAGE COST?

A

average cost= total cost
/
output

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2
Q

what is the formula for SALES REVENUE?

A

sales revenue= quantity x selling price

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3
Q

what is the formula for PERCENTAGE CHANGE?

A

percentage change= new figure - old figure
/
old figure x 100

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4
Q

what is the formula for NET CASH FLOW?

A

net cash flow= total inflows - total outflows

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5
Q

what is the formula for MARKET SHARE?

A

market share= sales of a business
/
total sales in the market x 100

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6
Q

what is the formula for PRICE ELASTICITY OF DEMAND?

A

percentage change in quantity demanded
/
percentage change in price

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7
Q

what is the formula for ACID TEST RATIO?

A

current assets - inventories
/
current liabilities

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8
Q

what is the formula for WORKING CAPITAL?

A

current assets - current liabilities

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9
Q

what is the formula for CLOSING BALANCE?

A

net cash flow + opening balance

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10
Q

what is the formula for TOTAL VARIABLE COSTS?

A

quantity x variable cost per unit

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11
Q

what is the formula for TOTAL COSTS?

A

total fixed costs + total variable costs

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12
Q

what is the formula for CAPACITY UTILISATION?

A

current output
/
maximum possible output x 100

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13
Q

what is the formula for GROSS PROFIT?

A

revenue - cost of sales

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14
Q

what is the formula for CONTRIBUTION?

A

selling price - variable cost per unit

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15
Q

what is the formula for INCOME ELASTICITY OF DEMAND?

A

percentage change in quantity demanded
/
percentage change in income

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16
Q

ution what s the formula for CURRENT RATIO?

A

current assets
/
current liabilities

17
Q

what is the formula for BREAK EVEN?

A

fixed costs
/
contribution

18
Q

what is the formula for OPERATING PROFIT MARGIN?

A

operating profit
/
revenue x 100

19
Q

what is the formula for OPERATING PROFIT?

A

gross profit - operating expenses

20
Q

what is the formula for GROSS PROFIT MARGIN?

A

gross profit
/
revenue x 100

21
Q

what is the formula for ACID TEST RATIO?

A

current assets - stock
/
current liabilities :1

22
Q

what is the formula for AVERAGE RATE OF RETURN (ARR)?

A 
net return(profit) per annum
/
capital outlay (cost) x 100
23
Q

what is the formula for the PAYBACK METHOD OF INVESTMENT APPRAISAL?

A

amount required
/
net cash flow in year x 12

24
Q

what is the formula for TOTAL FLOAT?

A

LFT activity - EST activity - duration

25
Q

what is the formula for FREE FLOAT?

A

EST start of next task - EST start of this task - duration

26
Q

what is the formula for ASSETS?

A

capital + liabilities

27
Q

what is the formula for WORKING CAPITAL?

A

current assets - current liabilities

28
Q

what is the formula for GEARING RATIO?

A

non current liabilities
/
capital employed x 100

29
Q

what is the formula for CAPITAL EMPLOYED?

A

total assets - current liabilities

30
Q

what is the formula for RETURN ON CAPITAL EMPLOYED (ROCE)?

A

operating profit
/
capital employed x 100

31
Q

what is the formula for LABOUR PRODUCTIVITY?

A

total output (over a period time)
/
average number of employees (over a period of time)

32
Q

what is the formula for LABOUR TURNOVER?

A

number of staff leaving (over a period of time)
/
average number of staff overall x 100

33
Q

what is the formula for LABOUR RETENTION?

A

number of staff staying (over period of time)
/
average number of staff overall x 100

34
Q

what is the formula for RATE OF ABSENTEEISM?

A

number of staff absent on a day
/
total number of staff employed x 100

Business (22 decks)

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