graphs and charts Flashcards
1
Q
profit and loss statement
(11)
A
- sales revenue
- (cost of sales)
- gross profit
- (expenses)
- profit before interest and tax
- (interest)
- profit before tax
- (tax)
- profit for period
- (dividens)
- retained profit
2
Q
balance sheets (6 main points)
A
non current asset
current asset
current liabilities
non current liabilities
net assets
total equity
3
Q
non current assets=
A
property, pant and equipment
this- depritiation
4
Q
current assets
A
cash
debtors
stock
5
Q
current liabilities
A
bank overdraft
trade creditors
short term loans
6
Q
non-current liabilities
A
mortgage
long term loan
7
Q
net assets
A
total assets- total liabilities
8
Q
equity
A
share capital
retained earnings
9
Q
break even
A
fixed cost/ contribution
10
Q
margin of saftey
A
revenue - breakeven
11
Q
contribution
A
revenue- total variabe cost
12
Q
contribution per unit=
A
price of 1 unit- avarege variable cost
13
Q
avarege variable cost
A
total variable cost/ total unit produced
