theme 2 formuale Flashcards

1
Q

net cash flow

A

total inflows - total outflows

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2
Q

sales volume

A

total number of units sold over a period of time

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3
Q

sales revenue

A

number of units sold x unit price

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4
Q

total variable costs

A

number of units sold x variable cost per unit

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5
Q

total costs

A

fixed costs + variable costs

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6
Q

contribution per unit

A

selling price per unit - variable cost per unit

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7
Q

total contribution

A

contribution per unit x number of units sold

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8
Q

break even

A

fixed costs / contribution per unit

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9
Q

variance

A

actual - budget

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10
Q

gross profit

A

sales revenue - cost of sales

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11
Q

operating profit

A

gross profit - overheads

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12
Q

net profit

A

operating profit +/- finance costs

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13
Q

gross profit margin

A

(gross profit/sales revenue) x 100

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14
Q

operating profit margin

A

(operating profit/sales revenue) x100

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15
Q

profit for the year (net profit) margin

A

(profit for the year/sales revenue) x 100

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16
Q

current ratio

A

current assets / current liabilities

17
Q

acid test ratio

A

(current assets - stock) / current liabilities

18
Q

productivity (labour)

A

output per period (units) / number of employees in that period

19
Q

capacity utilisation

A

(actual level of output / maximum possible output) x100

20
Q

gearing ratio

A

(non current liabilities/ total capital employed) x 100

21
Q

margin of safety

A

actual level of output - BEP