Unit E Formulas + Equations Flashcards
1
Q
Net cash flow
A
Total income - Total expenditure
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
Total fixed costs + Total variable costs
5
Q
Profit
A
Total revenue - Total costs
6
Q
Total contribution
A
Sales revenue - Total variable costs
7
Q
Contribution per unit
A
Selling price - Variable cost (per unit)
8
Q
Profit (using contribution)
A
Contribution per unit x Margin of safety
9
Q
Break-even (units)
A
Total fixed costs / (Price per unit - Variable unit cost)
10
Q
Break-even (sales value)
A
Break-even (units) x Selling price per unit
11
Q
Margin of safety (units)
A
Actual sales - Break-even output
12
Q
Margin of safety (value)
A
Margin of safety (units) x Selling price per unit
