Accoutions E Flashcards
(12 cards)
1
Q
Total revenue
A
Selling price x quantity sold
2
Q
Gross profit
A
Total sales revenue - costs of goods sold
3
Q
Breakeven
A
Fixed costs/selling price - variable costs per unit
4
Q
Margin of safety
A
Actual sales - breakeven sales
5
Q
Net cash flow
A
Total cash inflows - total cash outflows
6
Q
Closing balance
A
Opening balance + net cash flow
7
Q
Net book value
A
Cost - depreciation
8
Q
Net current assets
A
Current assets - current liabilities
9
Q
Gross profit margin
A
Gross profit/sales revenue x 100
10
Q
Current ratio
A
Current assets/current liabilities
11
Q
Liquid capital ratio
A
Current assets- inventory/current liabilities
12
Q
Trade receivables days
A
Trade receivables/credit sales x 365
