formulassss Flashcards

(14 cards)

1
Q

calculate total revenue

A

price x quantity sold

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2
Q

calculate total costs

A

fixed + variable costs

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3
Q

calculate variable costs

A

cost per unit x number of units produced

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4
Q

calculate profit

A

total revenue - total cost

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5
Q

calculate gross profit

A

total revenue - cost of goods sold

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6
Q

calculate net profit

A

gross profit - expenses

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7
Q

calculate contribution per unit

A

selling price - variable costs per unit

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8
Q

calculate break-even output

A

fixed costs/contribution per unit

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9
Q

calculate margin of safety

A

actual output - break even output

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10
Q

calculate average costs

A

total cost/quantity produced

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11
Q

calculate labour productivity

A

output/number of employees

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12
Q

calculate current ratio

A

current assets - curent liabilities

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13
Q

calculate acid test ratio

A

(current assets - inventory) / current liabilities

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14
Q

calculate social costs

A

external cost + private cost

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