E1 & F1: Formula ( cash flow forecast & statement of comprehensive income) Flashcards
1
Q
Net cash flow
A
Total cash inflow - Total cash outflow
2
Q
Closing balance
A
Opening balance + Net cash flow
3
Q
Total revenue
A
Selling price x Quantity sold
4
Q
Total costs
A
Fixed costs + Total variable costs
5
Q
Profit
A
Total revenue - Total variable costs
6
Q
Gross profit
A
Sales revenue - Cost of goods sold
7
Q
Cost of goods sold
A
Opening inventory + purchases - closing inventory
8
Q
Profit/ Loss for the year
A
Gross profit - expenses + other income
9
Q
Net book value
A
Cost - depreciation
