Topic 1.3 finance revision formulas flashcards
1
Q
Total costs
A
Fixed costs + Variable costs
2
Q
Total variable costs
A
Variable costs per unit x quantity *=multiplication
3
Q
Sales revenue
A
Selling price x quantity *=multiplication
4
Q
Profit/Loss
A
Sales revenue-Total costs
5
Q
Gross Profit
A
Sales revenue- cost of goods
6
Q
Contribution
A
Selling price - Variable costs per unit
7
Q
Break-even point
A
fixed costs divided contribution /= divide
8
Q
Net cash flow
A
Receipts-Payments
