Theme 2 Calculations Flashcards
1
Q
Profit
A
Total revenue - total cost
2
Q
Net cash flow
A
Inflows - outflows
3
Q
Opening Balance
A
Previous months closing balance
4
Q
Closing balance
A
Net cash flow + opening balance a
5
Q
Sales volume
A
Sales revenue / price
6
Q
Sales revenue
A
Quantity sold x price
7
Q
Total costs
A
Fixed costs + variable cost
8
Q
Total variable cost per unit
A
Variable cost x output
9
Q
Break even
A
Fixed costs / contribution
10
Q
Contribution
A
Selling price - variable costs
11
Q
Margin of safety
A
Actual sales level - break even level
12
Q
Total contribution
A
Total revenue - total variable cost
13
Q
Contribution per unit
A
Selling price - variable cost per unit
14
Q
Break even output
A
Fixed costs / contribution per unit
15
Q
Current ratio
A
Current assets / current liabilities
