formulas Flashcards
1
Q
net cash flow
A
total cash inflow - total cash out flow
2
Q
closing balance
A
opening balance + net cash flow
3
Q
total revenue
A
selling price * quantity sold
4
Q
total cost
A
fixed cost + total variable costs
5
Q
profit
A
total revenue - total costs
6
Q
total contribution
A
sales revenue - total variable costs
7
Q
contribution per unit
A
selling price - variable cost per unit
8
Q
profit ( using contribution
A
contribution per unit * margin of safety
9
Q
break- even output
A
total fixed costs/ unit contribution
10
Q
margin of safety
A
actual sales - break even level output
11
Q
revenue
A
unit price * quantity sold
12
Q
gross profit
A
sales revenue - cost of goods sold
13
Q
cost of goods sold
A
opening inventory + purchases - closing inventory
14
Q
profit/loss for the year
A
gross profit - expenses + other income
15
Q
net book value
A
cost - depreciation
