Business formulas Flashcards
1
Q
Sales revenue
A
units sold X SP
2
Q
profit
A
SR - costs (VC+FC)
3
Q
gross profit
A
SR - COS
4
Q
Operating profit
A
SR - COS - Expenses
5
Q
Total costs
A
FC+VC
6
Q
MOS
A
Amount sold are expected to sell - break even amount
7
Q
Break even point
A
FC
————————————
SP per unit - VC per unit (CPU)
8
Q
total variable costs
A
VC per unit X number of units sold
9
Q
PED
A
% change in demand
————————————
%change in price
demand
price
PED
10
Q
YED
A
%change in quantity demanded
—————————————————
%change in income
demand
income
YED
11
Q
productivity
A
output divided by input
12
Q
labour productivity
A
Output per period divided by number of employees per period
13
Q
capacity utilisation
A
actual level output
max level output capacity
utilisation
