U3 Calculations Flashcards

1
Q

Total sales revenue

A

Selling price x number sold

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2
Q

Variable cost per unit

A

All variable costs added together per unit

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3
Q

Total variable costs

A

Variable cost per unit x number sold

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4
Q

Total fixed costs

A

All fixed costs added together

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5
Q

Total costs

A

Total fixed costs + total variable costs

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6
Q

Profit

A

Total sales revenue - total costs

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7
Q

Contribution per unit

A

selling price per unit - variable cost per unit

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8
Q

Total contribution

A

Contribution per unit x number sold

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9
Q

Break even

A

Fixed costs/contribution

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10
Q

Margin of safety

A

Actual sales - break even point sales

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11
Q

Cost of sales per unit

A

All variable costs added together per unit

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12
Q

Total cost of sales

A

Variable costs per unit x number sold

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13
Q

Gross profit

A

total revenue - total cost of sales

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14
Q

Total expenses

A

All expenses (fixed costs) added together

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15
Q

Net profit before tax

A

Gross profit - total expenses

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16
Q

Net profit after tax and expenses

A

Net profit before tax - tax + additional income

17
Q

Straight line method

A

(Original cost of asset - expected residual value) / expected useful life of asset (years)

18
Q

Reducing balance method

A

Calculate percentage decrease - current value

19
Q

Total fixed assets (non current assets)

A

All fixed assets added together

20
Q

Total current assets

A

All current assets added together

21
Q

Total current liabilities

A

All current liabilities added together

22
Q

Working capital

A

current assets - current liabilities

23
Q

Net current assets

A

Total fixed assets + working capital

24
Q

Long term liabilities

A

All long term liabilities added together

25
Net assets
Net current assets - long term liabilities
26
Equity
Share capital + reserves + retained profit
27
Gross profit margin
Gross profit / total revenue x 100
28
Net profit margin
Net profit / total revenue x 100
29
Mark up
Gross profit / cost of sales x 100
30
Profit margin
Profit / total revenue x 100
31
Return on capital employed (ROCE)
Profit / capital employed x 100
32
Profit for year
Total revenue - total cost of sales - total expenses
33
Capital employed
Total assets - current liabilities or non-current liabilities + total equity
34
Current ratio
Current assets / current liabilities
35
Liquid capital ratio
(Current assets - inventory) / current liabilities
36
Trade receivable days
Trade receivables / credit sales x 365
37
Trade payable days
Trade payables / credit purchases x 365
38
Inventory turnover
Average inventory / cost of sales x 365