Calculations Flashcards
What is the formula for total costs?
Total costs = fixed costs + variable costs
*if given variable cost per unit then
Variable cost = volume sold ✖️variable cost per unit
What is the formula for revenue ?
Revenue = price ✖️quantity
What is the break even point formula (in units)?
What is the break even formula (in costs) ?
What is the formula for the margin of safety?
(How many sales will give you profit )
How do you calculate the interest on loans ?
(A percentage )
How do you calculate the net cash flow?
How do you calculate the opening balance of a month ?
Just the closing period of the past month
How do you calcute the closing balance ?
What is gross profit?
- does not include additional business expenses
(Eg: taxes)
Calculate the gross profit margins
How do you calculate the net profit ?
How do you calculate net profit margin?
How do you calculate the average rate of return?
