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Thinkful Excel Terms > Business Info and Terms > Flashcards

Business Info and Terms Flashcards

1
Q

What is revenue?

A

Volume * Price

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2
Q

What is cost?

A

Fixed costs + Variable costs

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3
Q

What is profit?

A

Revenue - Cost

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4
Q

What is profit margin?

A

Profit / Revenue

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5
Q

What is return on investment?

A

Annual profit / Initial investment

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6
Q

What is breakeven?

A

Fixed cost / (Price - Variable cost)

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7
Q

What is EBITDA?

A

Earnings before interest, tax, depreciation, and amortization

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8
Q

What is the “price elasticity of demand”?

A

(% change in quantity) / (% change in price)

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9
Q

What is the “cross elasticity of demand”?

A

(% change in quanitity for good X) / (% change in price for good Y)

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10
Q

What is payback period?

A

(Cost of project) / (Annual cash inflows)

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11
Q

What is contribution margin?

A

(Price / Unit) - (Variable cost / Unit)

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12
Q

Population of the United States

A

328 million

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13
Q

Population of New York City

A

8.4 million

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14
Q

Population of Los Angeles

A

4.0 million

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15
Q

Population of Chicago

A

2.7 million

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16
Q

Population of World

A

7.7 billion

17
Q

Population of Europe

A

747.9 million

18
Q

Population of Asia

A

4.5 billion

19
Q

US Life expectancy

A

79 years

20
Q

US people per household

A

2.5 people

21
Q

US number of households

A

128 million

22
Q

US Median household income

A

$68 thousand

23
Q

US GDP

A

$21 trillion

24
Q

US GDP growth rate

A

2.2% (2019)

25
Q

US effective corporate tax rate

A

21%

26
Q

US Smartphone penetration

A

> 80%

27
Q

US percentage with bachelor’s degree

A

36%

28
Q

US Percentage of married adults

A

51%

29
Q

US percentage under the age of 18

A

23%

30
Q

US percentage over the age of 65

A

13%

Thinkful Excel Terms (2 decks)

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