1
Q
Revenue
A
Selling price x quantity sold
2
Q
Total costs
A
Fixed costs + variable costs
3
Q
Profit or loss
A
Revenue - total costs
4
Q
Gross profit
A
Revenue - cost of sales
5
Q
Net profit
A
Gross profit -expenses
6
Q
Gross profit margin
A
Gross profit / revenue x 100
7
Q
Net profit margin
A
Net profit/revenue x 100
8
Q
Variable costs
A
Variable costs per unit x output
9
Q
Average rate of return
A
Average annual profit/cost of investment x 100
10
Q
Break even
A
Fixed costs + (selling price - variable costs)
11
Q
Net cash flow
A
Total inflows - total outflows
12
Q
Closing balance
A
Net cash flow + opening balance
Business level 3
flashcards
Decks in class (3)
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