paper 1 Flashcards
what is the formula for % change?
(new value – original value) / original value x 100
formula for unit costs
total cost divided by output
what is Interest %
(total repayment - borrowed amount)/borrowed amount x 100
what is Total Revenue
Selling Price x Number Sold
what is Total Fixed Cost
All fixed costs added together
what is Total Variable Cost
Variable cost per unit x Number sold
what is Total Cost
Profit
Total Fixed Cost + Total Variable Cost
Total Revenue – Total Cost
Contribution per unit
Selling Price – Variable cost per unit
Break Even Point in units
Fixed Cost ÷ Contribution per unit
Break even point in currency
break even point in units x sales prices
Margin of Safety
Actual Output – Break Even output
Total contribution
Total revenue – total variable costs
Total Inflows/ Total Income
All inflows/ income added together for that month
Total Outflows/ Total Expenditure
All outflows/ expenditure added together for that month
Net Cash Flow
Total inflows/income – Total outflows/expenditure
