1
Q
What is the formula for: Gross profit?
A
Sales revenue - Cost of sales (direct costs)
2
Q
What is the formula for: Net profit?
A
Gross profit - Indirect costs (Fixed costs)
3
Q
What is the formula for: Gross profit margin- GPM (%)?
A
(Gross profit/Sales revenue) x 100
4
Q
What is the formula for: Net profit margin- NPM (%)?
A
(Net profit/Sales revenue) x 100
5
Q
What is the formula for: Average rate of return- ARR (%)?
A
(Average annual profit/Cost of investment) x 100
11B
flashcards
Decks in class (16)
# Cards
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Exam Technique7
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2.1 - Growing the Business (2.1.1 Business growth only set 1 of 4)22
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2.1 Growing the Business- (2.1.2 only Aims & Objectives set 2 of 4)5
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2.1 - Growing the Business (2.1.3 Globalisation set 3 of 4)16
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2.3 - Making operational desicions33
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2.1 - Growing the Business (2.1.4 Business Ethics and the environment set 4 of 4)5
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2.2 - Making marketing decisions30
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Theme 2.4 Formulas5
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2.4 - Making financial desicions7
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2.5 - Making human resource decisions COPY52
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1.1 - Enterprise and entrepreneurship11
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1.2 - Spotting a Business Opportunity19
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1.4 - Making the Business effective18
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1.3 - Putting a business idea into practice26
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1.5 - Understanding external influences on business23
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Theme 1 Formulas13
