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Flashcards in Equations Deck (9):
1

Total revenue

Number of products sold x average price

2

Total costs

Fixed costs + variable costs

3

Productivity

total output / number of workers

4

Break-even

Fixed costs/ contribution

5

Contribution

Price per item - variable cost per item

6

Profit

Total revenue - total costs

7

Variable cost

Cost of one unit x quantity produced

8

Net cash flow

Total inflows - total ouflows

9

Closing balance

Net cash flow + opening balance