Maths Flashcards
1
Q
Gross profit
A
Revenue - direct costs
2
Q
Operating profit
A
Gross profit - indirect costs
3
Q
Profit for the year
A
Operating profit - taxation and interest
4
Q
Return on investment
A
Operating profit/capital investment x 100
5
Q
Cash flow forecasts
A
Opening balance +inflows - outflows =closing bank balance
6
Q
Break even
A
Fixed costs / selling price - variable cost per unit
7
Q
Total cost
A
Fixed cost + variable cost per unit
8
Q
Break even point
A
Fixed costs/ selling price - variable cost per unit
