business Flashcards
(9 cards)
1
Q
formula for total revenue
A
price x quantity
2
Q
total costs =
A
fixed + variable costs
3
Q
profit =
A
revenue -total costs
4
Q
total variable costs =
A
variable cost per unit x number of units sold
5
Q
breakeven =
A
fixed costs/selling price-variable cost per unit
6
Q
margin of safety =
A
quantity sold - breakeven quantity
7
Q
net cash flow =
A
cash inflows - outflows
8
Q
opening balance =
A
closing balance from previous period
9
Q
closing balance =
A
opening balance + net cash flow
