Personal and Business Finance Formulas Flashcards
What is the formula for Net cash flow?
Total cash inflow - Total cash outflow
What is the formula for Closing balance?
Opening balance + Net cash flow
What is the formula for Total revenue?
Selling price x Quantity sold
What is the formula for Total costs?
Fixed costs + Total variable costs
What is the formula for Profit?
Total revenue - Total costs
What is the formula for Total contribution?
Sales revenue - Total variable costs
What is the formula for Unit Contribution?
Selling price - Variable costs per unit
What is the formula for Profit (using contribution)?
Contribution per unit x Margin of safety
What is the formula for Break-even output?
Total fixed costs / Unit contribution
What is the formula for Margin of safety?
Actual sales - Break even level of output
What is the formula for Revenue?
Unit price x Quantity sold
What is the formula for Gross profit?
Sales revenue - Cost of goods sold
What is the formula for Cost of goods sold?
Opening inventory + Purchases - Closing inventory
What is the formula for Profit / loss for the year?
Gross profit - Expenses + Other income
What is the formula for Net book value?
Cost - Depreciation
What is the formula for Net current assets?
Current assets - Current liabilities
What is the formula for Net assets?
Non-current assets + Net current assets - Long term liabilities
What is the formula for Capital employed?
Opening capital + Profit for the year - drawings
What is the formula for Balance sheet? (what needs to balance)
Net assets = Capital employed
What is the formula for Gross profit margin?
(Gross profit / Revenue) x 100
What is the formula for Mark-up?
(Gross profit / Cost of sales) x 100
What is the formula for Profit margin?
(Profit / Revenue) x 100
What is the formula for Return on capital employed?
(Profit / Capital employed) x 100
What is the formula for current ratio?
Current assets / Current liabilities
