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A Level Business > Year 12 Calculations > Flashcards

Year 12 Calculations Flashcards

1
Q

Market share

A

Sales of the business / total sales in the market x 100

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2
Q

Price elasticity of demand

A

Percentage change in quantity demanded / percentage change in price

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3
Q

Percentage change

A

difference /original x 100

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4
Q

Income elasticity

A

percentage change in quantity demanded / percentage change in income

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5
Q

variance (budgets)

A

actual (Sales/costs) - Budgeted (sales/costs)

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6
Q

Net cash flow

A

Inflows - outflows

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7
Q

Opening balance

A

Previous months closing balance

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8
Q

Closing balance

A

Net cash flow + opening balance

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9
Q

Break even

A

Fixed costs / contribution

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10
Q

Contribution

A

Selling price- variable costs

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11
Q

Margin of safety

A

Actual sales level - break even point

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12
Q

Total revenue

A

Quantity sold x price

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13
Q

Total costs

A

Total fixed costs + Total variable costs

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14
Q

Unit/ Average cost

A

Total cost / total output

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15
Q

Gross Profit

A

Total revenue - Cost of sales

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16
Q

Gross Profit Margin

A

(Gross profit / Total Revenue) x 100

17
Q

Operating profit

A

Gross profit - Operating expenses

18
Q

Operating profit margin

A

(Operating profit / Total Revenue) x100

19
Q

Net profit

A

Operating profit - Interest (and other expenses)

20
Q

Net profit margin

A

(Net profit/ total revenue) x 100

21
Q

Current ratio

A

Current assets/ current liabilities

22
Q

Acid test ratio

A

(Current assets- inventory)/ current liabilities

23
Q

Working capital

A

Current assets - current liabilities

24
Q

Capacity utilisation

A

Actual output t/ total possible output x 100

25
Q

Sales volume

A

Total of all sales in the market or for the business

25
Q

Sales volume

A

Total of all sales in the market or for the business

A Level Business (4 decks)

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