Theme 2 Calculations Flashcards
1
Q
Net Cash Flow
A
Inflows - Outflows
2
Q
Closing Balance
A
Net Cash Flow + Opening Balance
3
Q
Opening balance
A
Closing balance of previous month
4
Q
Sales Volume
A
Sales Revenue / Price
5
Q
Sales Revenue
A
Quantity sold x Price
6
Q
Total Variable Costs
A
Variable Cost Per Unit x Amount Produced
7
Q
Total Costs
A
Fixed Costs + Total Variable Costs
8
Q
Profit
A
Total Revenue - Total Costs
OR
Margin of safety x contribution per unit
9
Q
Break Even
A
Fixed Costs / Contribution per unit
10
Q
Contribution per Unit
A
Selling Price per unit - Variable Cost per unit
11
Q
Margin of Safety
A
Actual Sales Level - Break even Output
12
Q
Total Contribution
A
Total Revenues - Total Variable Costs
13
Q
Variance
A
Actual Sales - Budgeted Sales
14
Q
Gross Profit
A
Sales Revenue - Cost of Sales
15
Q
Gross Profit Margin
A
Gross Profit / Revenue x 100
