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Business Formulas > Year 1 > Flashcards

Year 1 Flashcards

1
Q

Sales revenue

A

Selling price x quantity

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2
Q

Variable costs

A

VC per unit x no of units sold

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3
Q

Total costs

A

Fixed + variable

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4
Q

Profit

A

Total rev - total costs

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5
Q

Market capitalisation

A

Shares sold x share price

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6
Q

Market growth (%)

A

New market - old market
———————————— x100
Old market size

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7
Q

Market share (%)

A

Sales
————— x100
Total market size

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8
Q

Sales growth (%)

A

Sales this yr- sales last yr
———————————— x 100
Sales last yr

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9
Q

Price elasticity of demand

A

% change in quantity demanded
———————————————
% change in price

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10
Q

Income elasticity of demand

A

% change in quantity demanded
———————————————
% change in real income

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11
Q

Labour productivity

A

Output per period
————————
No of employees

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12
Q

Return on investment (%)

A

Return on investment
—————————— x100
Cost of investment

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13
Q

Percentage change in profit

A

Current yes profit - last yrs profit
————————————— x100
Last yrs profit

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14
Q

Gross profit margin (%)

A

Gross profit
—————— x100
Sales rev

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15
Q

Operating profit margin (%)

A

Operating profit
———————— x100
Sales rev

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16
Q

Profit for yr margin (%)

A

Profit for yr
—————— x100
Sales rev

17
Q

Net gain

A

Expected value - initial cost of decision

17
Q

Units costs

A

Total cost of production
———————————
No units of output produced

17
Q

Capacity utilisation (%)

A

Actual output in given time period
———————————
Maximum possible output per period

X100

17
Q

Contribution per unit

A

Selling price - variable costs per unit

18
Q

Total contribution

A

Contribution per unit x units sold

Total revenue - total variable costs

19
Q

Break even output

A

Fixed costs
———————————
Contribution per unit

20
Q

Margin of safety

A

Actual level of output - break even level of output

21
Q

Labour turnover

A

No staff leaving in yr
——————————— x100
No staff employee in yr

22
Q

Employee retention rate

A

No staff leaving in yr
——————————— x100
No staff employee in yr

23
Q

Employee costs as % of turnover

A

Employee costs
——————————— x100
Sales turnover

24
Q

Labour costs per unit

A

Labour costs
——————
Units of output

Business Formulas (2 decks)

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