MATHS LINK Flashcards
1
Q
net cash flow
A
inflows - outflows
2
Q
sales volume
A
total number of units sold over a period of time
3
Q
sales revenue
A
units sold x unit price
4
Q
total variable costs
A
number of units sold x variable cost per unit
5
Q
total costs
A
variable costs + fixed costs
6
Q
contribution per unit
A
selling price - variable costs per unit
7
Q
total contribution
A
contribution per unit x N. units sold
8
Q
break even
A
fixed costs / contribution per unit
9
Q
variance
A
actual figure - budgeted figure
10
Q
gross profit
A
sales revenue - cost of sales
11
Q
operating profit
A
gross profit - overheads
12
Q
net profit
A
operating profit +/- finance costs
13
Q
x profit margins
A
(x / sales revenue) X 100
14
Q
current ratio
A
current assets / current liabilities
15
Q
acid test ratio
A
(current assets - stock) / current liabilities
