Equations Flashcards

1
Q

Net cash flow

A

Total inflows – Total outflows

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2
Q

Sales volume

A

total number of units sold over a period of time

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3
Q

Sales revenue

A

number of units sold x unit price

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4
Q

Total variable costs

A

number of units sold x variable cost per unit

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5
Q

Total costs

A

Fixed costs + variable costs

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6
Q

Contribution per unit

A

Selling price per unit – Variable cost per unit

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7
Q

Total contribution

A

Contribution per unit x Number of units sold

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8
Q

Break-even

A

Fixed costs/ Contribution per unit

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9
Q

Variance

A

Actual – Budget

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10
Q

Gross profit

A

Sales revenue - cost of sales

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11
Q

Operating profit

A

Gross profit minus overheads

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12
Q

Net profit

A

Operating Profit - financing and tax

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13
Q

Gross profit margin

A

(Gross profit / Sales revenue) x 100

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14
Q

Operating profit margin

A

(Operating profit/ Sales revenue) x 100

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15
Q

Profit for the year (net profit) margin

A

(Profit for the year / Sales revenue) x 100

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16
Q

Current ratio

A

Current assets/ current liabilities

17
Q

Acid test ratio

A

(Current assets – stock) / current liabilities

18
Q

Productivity (labour)

A

Output per period (units)/ Number of employees in that period

19
Q

Capacity utilisation

A

(Actual level of output/ Maximum possible output) x 100

20
Q

Simple Payback

A

sum invested / net cash per time period

21
Q

Simple Payback monthly

A

outlay outstanding / monthly cash in year of payback

22
Q

Average rate of return

A

(Average annual return / initial outlay) x 100

23
Q

Current Ratio

A

current assets/current liabilities

24
Q

Acid Test Ratio

A

(current assets - stock) / current liabilities

25
Q

Gearing

A

(non current liabilities / capital employed) x 100

26
Q

ROCE

A

(Operating Profit /Capital Employed) x 100

27
Q

Total Float

A

Latest Finish Time (LFT) - Duration - Earliest Start Time (EST)

28
Q

Free Float

A

Earliest Start time (EST) of next - Duration - EST of current one