Formulas To Learn Flashcards
1
Q
Labour turnover
A
Number of staff leaving/Total number of staff. X 100
2
Q
Sales revenue
A
Price x quantity sold
3
Q
Average revenue
A
Total revenue/ Quantity
4
Q
Total costs
A
Fixed costs + variable costs
5
Q
Average costs
A
Total costs / Quantity
6
Q
Contribution
A
Price - variable cost
7
Q
Break even level of output
A
Fixed costs / contribution
8
Q
Margin of safety
A
Level of demand - break even quantity
9
Q
Target profit output
A
Fixed costs + target profit / No. of units
10
Q
Target profit price
A
Total costs + target profit / No. of units
11
Q
Gross profit
A
Sales revenue - COGS
12
Q
COGS
A
Opening stock + purchase - closing stock
13
Q
Net profit
A
Gross profit - expenses
14
Q
Retained profit
A
Net profit after interest and tax - dividends
15
Q
Net current assets (working capital)
A
Current assets - current liabilities
