Year 12 Calculations Flashcards
Market share
Sales of the business / total sales in the market x 100
Price elasticity of demand
Percentage change in quantity demanded / percentage change in price
Percentage change
difference /original x 100
Income elasticity
percentage change in quantity demanded / percentage change in income
variance (budgets)
actual (Sales/costs) - Budgeted (sales/costs)
Net cash flow
Inflows - outflows
Opening balance
Previous months closing balance
Closing balance
Net cash flow + opening balance
Break even
Fixed costs / contribution
Contribution
Selling price- variable costs
Margin of safety
Actual sales level - break even point
Total revenue
Quantity sold x price
Total costs
Total fixed costs + Total variable costs
Unit/ Average cost
Total cost / total output
Gross Profit
Total revenue - Cost of sales
Gross Profit Margin
(Gross profit / Total Revenue) x 100
Operating profit
Gross profit - Operating expenses
Operating profit margin
(Operating profit / Total Revenue) x100
Net profit
Operating profit - Interest (and other expenses)
Net profit margin
(Net profit/ total revenue) x 100
Current ratio
Current assets/ current liabilities
Acid test ratio
(Current assets- inventory)/ current liabilities
Working capital
Current assets - current liabilities
Capacity utilisation
Actual output t/ total possible output x 100
Sales volume
Total of all sales in the market or for the business
Sales volume
Total of all sales in the market or for the business
