Formulas Flashcards

(16 cards)

1
Q

profit

A

sales revenue - total costs

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2
Q

sales volume

A

sales revenue / selling price

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3
Q

sales revenue

A

selling price x quantity sold

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4
Q

total variable costs

A

average total cost x quantity

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5
Q

total costs

A

fixed costs + total variable costs

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6
Q

average cost

A

total cost / output

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7
Q

% change

A

( (original - new ) / original ) x 100

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8
Q

break even

A

total cost = total revenue

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9
Q

contribution

A

selling price - variable cost

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10
Q

break even point

A

fixed cost / contribution

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11
Q

margin of safety

A

actual output level - break even level of output

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12
Q

gross profit margin

A

(gross profit / sales revenue) x 100

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13
Q

operating profit margin

A

operating profit / sales revenue x100

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14
Q

profit for the year ( net profit )margin

A

profit for the year / sales revenue x 100

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15
Q

Net cash flow

A

cash inflows - cash outflows

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16
Q

closing balance

A

opening balance + net cash flow