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Business > Personal and Business Finance Formulas > Flashcards

Personal and Business Finance Formulas Flashcards

1
Q

What is the formula for Net cash flow?

A

Total cash inflow - Total cash outflow

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2
Q

What is the formula for Closing balance?

A

Opening balance + Net cash flow

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3
Q

What is the formula for Total revenue?

A

Selling price x Quantity sold

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4
Q

What is the formula for Total costs?

A

Fixed costs + Total variable costs

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5
Q

What is the formula for Profit?

A

Total revenue - Total costs

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6
Q

What is the formula for Total contribution?

A

Sales revenue - Total variable costs

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7
Q

What is the formula for Unit Contribution?

A

Selling price - Variable costs per unit

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8
Q

What is the formula for Profit (using contribution)?

A

Contribution per unit x Margin of safety

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9
Q

What is the formula for Break-even output?

A

Total fixed costs / Unit contribution

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10
Q

What is the formula for Margin of safety?

A

Actual sales - Break even level of output

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11
Q

What is the formula for Revenue?

A

Unit price x Quantity sold

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12
Q

What is the formula for Gross profit?

A

Sales revenue - Cost of goods sold

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13
Q

What is the formula for Cost of goods sold?

A

Opening inventory + Purchases - Closing inventory

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14
Q

What is the formula for Profit / loss for the year?

A

Gross profit - Expenses + Other income

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15
Q

What is the formula for Net book value?

A

Cost - Depreciation

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16
Q

What is the formula for Net current assets?

A

Current assets - Current liabilities

17
Q

What is the formula for Net assets?

A

Non-current assets + Net current assets - Long term liabilities

18
Q

What is the formula for Capital employed?

A

Opening capital + Profit for the year - drawings

19
Q

What is the formula for Balance sheet? (what needs to balance)

A

Net assets = Capital employed

20
Q

What is the formula for Gross profit margin?

A

(Gross profit / Revenue) x 100

21
Q

What is the formula for Mark-up?

A

(Gross profit / Cost of sales) x 100

22
Q

What is the formula for Profit margin?

A

(Profit / Revenue) x 100

23
Q

What is the formula for Return on capital employed?

A

(Profit / Capital employed) x 100

24
Q

What is the formula for current ratio?

A

Current assets / Current liabilities

25
Q

What is the formula for Liquid capital ratio?

A

(Current assets - Inventory) / Current liabilities

26
Q

What is the formula for Trade receivable days?

A

(Trade receivables / Credit sales) x 365

27
Q

What is the formula for Trade payable days?

A

(Trade payables / Credit purchases) x 365

28
Q

What is the formula for Inventory turnover?

A

(Average Inventory / Cost of sales) x 365

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