Unit 2 Equations Flashcards
1
Q
Budget variance
A
Budgeted - Actual
2
Q
Net cash flow
A
Total Receipts - Total Payments
3
Q
Closing balance
A
Opening Balance + Net Cash flow
4
Q
Cost of Sales
A
Opening Stock + ( Purchases - Closing sales )
5
Q
Gross Profit
A
Sales revenue - Cost of Sales
6
Q
Gross profit margin
A
( Gross profit / Sales revenue aka turnover) x 100
7
Q
Net Profit aka operating
A
Gross Profit - All other expenses
8
Q
Net Profit Margin
A
( Net profit / Sales revenue aka turnover) x 100
9
Q
Added value
A
Price of finished good - total cost of raw materials
10
Q
capacity utilisation
A
(actual output / maximum possible output) x 100
