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A-Level Business AQA > Year 1 & 2 Formulas > Flashcards

Year 1 & 2 Formulas Flashcards

1
Q

What’s the formula for Revenue (Sales or Turnover) ?

A

Selling price per unit × Number of units sold

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2
Q

What’s the formula for Variable Costs (Total variable costs) ?

A

Variable cost per unit × Number of units sold

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3
Q

What’s the formula for Total Costs ?

A

Fixed costs + Variable costs

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4
Q

What are the two formulas for Profit ?

A

Total revenue − Total costs OR
Total contribution − Fixed costs

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5
Q

What is the formula for Market Capitalisation ?

A

Number of issued shares × Current share price

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6
Q

What is the formula for Expected Value ?

A

(Pay-off of A × probability of A) + (Pay-off of B × probability of B)

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7
Q

What is the formula for Market Growth (%) ?

A

( Change in the size of the market over a period
/ Original size of the market ) × 100

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8
Q

What is the formula for Market Share (%) ?

A

( Sales of one product OR brand OR business /
Total sales in the market ) × 100

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9
Q

What is the formula for Added Value ?

A

Sales revenue − costs of goods or services

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10
Q

What is the formula for Labour Productivity ?

A

Output over a time period / Number of employees

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11
Q

What is the formula for Unit Costs (average costs) ?

A

Total costs / Number of units of output

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12
Q

What is the formula for Capacity Utilisation (%) ?

A

( Actual output / Maximum possible output ) × 100

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13
Q

What is the formula for Return on Investment (%) ?

A

( Profit from the investment / Cost of the investment ) × 100

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14
Q

What is the formula for Gross Profit ?

A

Revenue − Cost of Sales

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15
Q

What is the formula for Operating Profit ?

A

Gross profit − Operating Expenses

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16
Q

What is the formula for Profit for the Year ?

A

Operating profit + Profit from other activities − Net finance costs − Tax

17
Q

What is the formula for Gross Profit Margin (%) ?

A

( Gross profit / Revenue ) × 100

18
Q

What is the formula for Operating Profit Margin (%) ?

A

( Operating profit / Revenue ) × 100

19
Q

What is the formula for Profit for the Year Margin (%) ?

A

( Profit for year / Revenue ) × 100

20
Q

What is the formula for Variance?

A

Budgeted figure – actual figure

21
Q

What is the formula for Contribution Per Unit ?

A

Selling price − Variable costs per unit

22
Q

What are the two formulas for Total Contribution ?

A

Contribution per unit x NO. units sold
OR
Total revenue - Total variable costs

23
Q

What is the formula for Break-even Output ?

A

Fixed costs / Contribution per unit

24
Q

What is the formula for Margin of Safety ?

A

Actual level of output − Break-even level of output

25
Q

What is the formula for Labour Turnover ?

A

( Number of staff leaving / Number of staff employed by the business ) × 100

26
Q

What is the formula for Employee retention rate (%) ?

A

( Number of employees who remained with the business for the whole period of time / Number of employees at start of the time period ) ×100

27
Q

What is the formula for Employee costs as percentage of turnover ?

A

( Employee costs / Turnover ) × 100

28
Q

What is the formula for Labour Cost Per Unit ?

A

Labour costs / Units of output

29
Q

What is the formula for Return on capital employed (ROCE)(%)

A

( Operating profit / Total equity + non-current liabilities ) × 100

30
Q

What is the formula for** Current Ratio** ?

A

Current assets / Current liabilities

31
Q

What is the formula for Gearing ?

A

( Non-current liabilities / Total equity + non-current liabilities ) ×100

32
Q

What is the formula for Payables Days ?

A

( Payables / Cost of sales ) × 365

33
Q

What is the formula for Receivables Days ?

A

( Receivables / Revenue ) × 365

34
Q

What is the formula for Inventory Turnover ?

A

Cost of sales / Average inventories held

35
Q

What is the formula for Average rate of return (%)

A

( Average annual return / Initial cost of project ) × 100

A-Level Business AQA (2 decks)

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