Theme 2 equations Flashcards
1
Q
net cash flow
A
total inflows - total outflows
2
Q
closing balance
A
net cash flow + opening balance
3
Q
Sales volume
A
Sales revenue / selling price per unit
4
Q
sales revenue
A
price x quantity
5
Q
Total costs
A
Fixed costs (FC) + variable costs (VC)
6
Q
Fixed costs
A
Total costs (TC) – variable costs (VC)
7
Q
Variable costs
A
Total costs (TC) – fixed costs (FC)
8
Q
contribution per unit
A
price per unit - variable cost per unit
9
Q
contribution
A
sales revenue - variable cost
10
Q
break even point
A
fixed costs / contribution per unit
11
Q
margin of safety
A
current output - break even output
12
Q
variance analysis
A
actual level - budgeted level
13
Q
gross profit
A
revenue - cost of sales
14
Q
Cost of sales
A
Opening stock + purchases – closing stock
15
Q
operating profit
A
gross profit - other operating expenses
