Unit 3 equations Flashcards
1
Q
net cash flow
A
total cash inflow-total cash outflow
2
Q
closing balance
A
opening balance+ net cash flow
3
Q
total revenue
A
selling price x quantity sold
4
Q
total costs
A
fixed costs + total variable costs
5
Q
profit
A
total revenue-total costs
6
Q
contribution(per unit)
A
selling price -variable cost(per unit)
7
Q
total contribution
A
sales revenue-total variable costs
8
Q
profit(using contribution)
A
contribution per unit x margin of safety
9
Q
break-even output
A
total fixed cost / contribution per unit
10
Q
margin of safety
A
actual sales - break even level of output
11
Q
Revenue
A
unit price x quantity sold
12
Q
gross profit
A
sales revenue - costs of good sold
13
Q
cost of good sold
A
opening inventory + purchases - closing inventory
14
Q
profit/loss for the year
A
gross profit - expenses + other income
15
Q
net book value
A
cost - depreciation
