Maths calculations needed Flashcards
Give the formula for % change
new value - old value/ old value x100
Give the formula for price elasticity of demand
% change in quantity demanded/ % change in price
Give the formula for income elasticity of demand
% change in quantity demanded/ % change in income
Give the formula for profit
total revenue - total costs
Give the formula for profit in terms of contribution
total contribution - fixed costs
Give the formula for total costs
fixed costs + variable costs
Give the formula for variable costs
variable cost per unit x number of units sold
Give the formula for total revenue
sell price x number of units sold
Give the formula for gross profit
sales revenue - cost of sales
Give the formula for operating profit
sales revenue - cost of sales - operating expenses
Give the formula for profit for the year
operating profit + profit from other activities
Give the formula for contribution per unit
sell price - varaible costs per unit
Give the formula for total contribution
contribution per unit x number of units sold
Give the formula for breakeven output
fixed costs/ contirbution per unit
Give the formula for cashflow
cash in - cash out
Give the formula for current ratio
current assets/ current liabilities
Give the forumla for acid test ratio
current assets - stock/ current liabilities
Give the formula for gross profit margin
gross profit/ sales revenue x100
Give the formula for operating profit margin
operating profit/ sales revenue x100
Give the forumla for capacity utilisation
actual output in given time period/ maximum possible output in given time period x100
Give the forumla for labour producitivity
output per time period/ number of employees
Give the formula for unit costs
total costs of production/ number of units of output produced
Give the formula for added value
sales revenue - costs of bought in goods & services
Give the formula for margin of safety
actual level of output - breakeven level of output
give formula for variance
actual figure - budgeted figure
give formula for gearing
non current liabilities /
total equity + non current liabilities
x100
closing balance
opening balance + net cash flow
net capital employed
non-current liabilities + equity
capital intensity
capital goods/ fixed costs x100
labour turnover
no. of employees leaving/ total no. of employees
x100
capacity utilisation
actual output/ max poss output x100
inventory turnover
cost of sales/ inventory held
receivables days
receivables x 365/ sales
payables days
payables x 365/ cost of sales
return on capital employed (ROCE)
operating profit b4 tax/
(total equity + non current liabilities)
x100
average rate of return (ARR)
-looks at total accounting return
total net profit / no. years/
initial cost
x100
net present value
cash flow x discount factor = present value
add all present values to get overall NPV
payback
intial investment/ cash inflow
