Theme 2 Flashcards by Hannah Hunter

Q

Revenue?

A

quantity sold x price

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Contribution?

A

Selling price per unit - variable cost per unit

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Break-even?

A

Fixed costs/ (selling price- variable cost per unit

Represent as a unit!

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Operating profit margin?

A

(Operating profit/ revenue) x100

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Net profit?

A

Operating profit - interest

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Gross profit margin?

A

Gross profit/ revenue

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Gross profit?

A

Total revenue- cost of goods sold

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Capacity utilisation?

A

(current output/ maximum possible output) x100

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What is operating profit?

A

Gross profit - operating expenses

How well did you know this?

1

Not at all

2

3

4

5

Perfectly