calculations Flashcards
(15 cards)
1
Q
sales revenue
A
selling price x quantity sold
2
Q
total costs
A
FC + VC
3
Q
average cost
A
total cost / output
4
Q
break even
A
fixed costs / contribution
5
Q
contribution
A
Selling price - variable cost
6
Q
gross profit
A
revenue/turnover - cost of sales
7
Q
operating profit
A
gross profit - operating expenses
8
Q
profit for the year
A
operating profit - interest
9
Q
gross profit margin
A
gross profit / revenue x 100
10
Q
operating profit margin
A
operating profit / revenue x 100
11
Q
profit for the year margin
A
net profit (before tax) / revenue x 100
12
Q
assets
A
capital + liabilities
13
Q
liquidity ratio
A
current assets / current liabilities
14
Q
acid test ratio
A
current assets - inventories / current liabilities
15
Q
capacity utilisation
A
current out put/max output x 100
