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Business > Key Calulations > Flashcards

Key Calulations Flashcards

1
Q

Total costs

A

Total costs=variable costs+fixed costs

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2
Q

Profit

A

Total revenue-total costs
Or
Total contribution-fixed costs

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3
Q

Market capitalisation

A

Current shareprice X number of outstanding shares

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4
Q

Expected value

A

Expected value=probability X outcome

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5
Q

Net gain

A

Net gain= expected value-cost of decision

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6
Q

Market growth

A

Market growth=(change in market sales over a period of time/original market sales)

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7
Q

Sales growth

A

Sales growth=(change in sales over a period of time/origional sales) X 100

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8
Q

Market share

A

Market share=( sales of a product or business/ total market sales) X 100

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9
Q

Price elasticity of demand

A

Price elasticity of demand=%change in quality demanded/%change in price

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10
Q

Income elasticity of demand

A

Income elasticity of demand =%change in quality demanded/%change in income

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11
Q

Labour productivity

A

Labour productivity=output per period/number of employees

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12
Q

Unit costs

A

Unit costs=total production costs/number of units produced

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13
Q

Capacity utilisation

A

Capacity utilisation=(actual level of output/maximum possible output) X 100

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14
Q

Revenue

A

Revenue=number of units sold X the price

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15
Q

Variance

A

Variance=actual-budget

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16
Q

Contribution per unit

A

selling price per unit - variable costs per unit

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17
Q

Total contribution

A

Total contribution = contribution per unit X number of units sold
Or total rev - total VC

18
Q

Break even

A

fixed costs/contribution per unit

19
Q

Gross profit margin

A

Gross profit margin=(gross profit/sales revenue) x100

20
Q

Operating profit margin

A

Operating profit margin=(operating profit/sales revenue) X 100

21
Q

Profit for the year margin

A

Profit for the year margin=(profit for the year/sales revenue) X 100

22
Q

Net cash flow

A

Net cash flow=total inflows-total outflows

23
Q

Labour turnover

A

Labour turnover= (number of employees leaving during a period of time/number of employees employed) X 100

24
Q

Retention rates

A

Retention rates=(number of employees during period-number of leavers per period) / (number of employees during a period of time) X100

25
Q

Labour productivity

A

Labour productivity= output per period (units)/number of employees

26
Q

Employee costs as a % turnover

A

Employee costs as a % turnover=(total employee cost/ total turnover) X 100

27
Q

Labour cost per unit

A

Labour costs per unit= labour cost/units produced

28
Q

Operating profit

A

Gross profit-administrative expensive

29
Q

Gross profit

A

Revenue-cost of sales

30
Q

Variable cost

A

Variable cost per unit X number of units sold

31
Q

Return on investment

A

Return on investment/cost of the investment X100

32
Q

Profit for the year

A

Operating profit+profit from other activities -net finance cost-tax

33
Q

Margin of safety

A

Actual level of output - break even level of out out

34
Q

Employee retention rate (%)for a particular time period

A

Number of employees and the end of a period-number that leaves/number of employees st end period

35
Q

Return on capital employed

A

Operating profit/ total equity + non-current liabilities

36
Q

Current ratio

A

Current assets/ current liabilities

37
Q

Gearing

A

Non-current liabilities/total equity+non-current liabilities

38
Q

Payable days

A

Payables/cost of sale X365

39
Q

Receivables days

A

Receivables/sales revenue X365

40
Q

Inventory turnover

A

Cost of goods sold/average inventories held

41
Q

Average rate of return

A

Net return project or number of years/ initial cost of project X100

42
Q

Index number

A

Actual sales volume in particular year/
Actual sales volume in base year
X 100

Business (4 decks)

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