1
Q
Sales revenue?
A
Selling price x quantity
2
Q
Total cost?
A
Fixed coat + total variable cost
3
Q
Total variable cost?
A
Variable cost per unit x output
4
Q
Profit?
A
Total revenue - total cost
5
Q
Break even?
A
Fixed cost / contribution per unit
6
Q
The margin of safety?
A
Current output – breakeven output
7
Q
Contribution per unit
A
Selling price – variable cost per unit
8
Q
Total contribution?
A
Contribution per unit x output
9
Q
Break even?
A
Fixed cost / contribution per unit
Business theme 2
flashcards
Decks in class (23)
# Cards
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2.1.1 Internal finance6
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2.1.2 External finance9
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2.1.3 Liability9
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2.1.4 Planning11
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2.2 formulas9
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2.2.1 Sales forecasting19
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2.2.2 Sales, revenue and cost8
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2.2.3 Break even15
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2.2.4 Budgets14
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2.3.1 Profit27
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2.3.2 Liquidity25
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2.3.3 Business Failure10
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2.4.1 Production, productivity and efficiency28
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2.4.2 Capacity utilisation18
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2.4.3 Stock control14
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2.4.4 Quality management16
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2.5.1 Economic influences40
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2.5.2 Legislation19
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2.5.3 Competitive environment13
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2.1+ 2.2 KEY TERMS26
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2.3 KEY TERMS12
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2.4 KEY TERMS34
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2.5 KEY TERMS30
