formulas Flashcards

formulas for gcse aqa business studies (19 cards)

1
Q

Revenue

A

Price x Quantity sold

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2
Q

Total cost

A

Total fixed costs + total variable costs

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3
Q

Average unit cost

A

Total costs / number of units produced

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4
Q

Profit

A

Total revenue - total costs

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5
Q

Percentage change

A

(New Value - Original Value) / Original Value x 100

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6
Q

Avergae rate of return

A

(Average Annual Profit / Initial Investment Cost) × 100

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7
Q

Break even output

A

Fixed Costs / (Selling Price Per Unit – Variable Costs Per Unit)

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8
Q

Net cash flow

A

Total Cash Inflows – Total Cash Outflows

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9
Q

Closing balance

A

Opening Balance + Total Income – Total Expenses

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10
Q

Cash flow

A

Total Cash Inflows – Total Cash Outflows

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11
Q

Opening balance

A

Previous Period’s Closing Balance

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12
Q

Gross profit

A

Total Revenue - Cost of Goods Sold / Total revenue

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13
Q

Operating profit

A

Gross Profit - Operating Expenses

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14
Q

Net profit

A

Total revenue - Total costs

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15
Q

Gross profit margin

A

(Sales Revenue - Cost of Goods Sold) / Sales Revenue x 100%

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16
Q

Net profit margin

A

(Net Profit / Revenue) x 100%

17
Q

Net current assets

A

Current Assets - Current Liabilities

18
Q

Net assets

A

Total Assets - Total Liabilities

19
Q

Total equity

A

Total Assets – Total Liabilities