Theme 2 Flashcards
1
Q
Net cash flow
A
total inflows - total outflows
2
Q
sales volume
A
total number of units sold over a period of time
3
Q
sales revenue
A
number of units sold x unit price
4
Q
total variable costs
A
number of units sold x variable costs per unit
5
Q
total costs
A
fixed cost + variable cost
6
Q
Contribution per unit
A
selling price per unit - variable cost per unit
7
Q
Total contribution
A
contribution per unit x number of units sold
8
Q
Breakeven
A
fixed costs/ contribution per unit
9
Q
variance
A
actual - budget
10
Q
gross profit
A
revenue - cost of sales
11
Q
operating profit
A
gross profit - overheads
12
Q
net profit
A
operating profit - finance costs
13
Q
gross profit margin
A
GP/revenue x 100
14
Q
operating profit margin
A
OP/revenue x 100
15
Q
net profit margin/profit for the year
A
NP/revenue x 100
