Formulas Flashcards
(41 cards)
Market share
(sales of a product or business/total market sales) × 100
(sales of a product or business/total market sales) × 100
Market share
PED
% change in quantity demanded/ % change in price
% change in quantity demanded/ % change in price
PED
% change in quantity demanded/ % change in income
YED
YED
% change in quantity demanded/ % change in income
new-old/old × 100
Percentage change
Percentage change
new-old/old × 100
Net cash flow
= total inflows- total outflows.
= total inflows- total outflows.
Net cash flow
Sales volume
= total number of units sold over a period of time
= total number of units sold over a period of time
Sales volume
Sales revenue
number of units sold x unit price.
number of units sold x unit price.
Sales revenue
Total variable cost
= number of units sold x variable cost per unit_
= number of units sold x variable cost per unit_
Total variable cost
Contribution per unit
= selling price per unit - variable cost per unit
selling price per unit - variable cost per unit
Contribution per unit =
Total contribution
contribution per unit x number of units sold
contribution per unit x number of units sold
Total contribution
Break-even
= fixed costs/ Contribution per unit
= fixed costs/ Contribution per unit
Break even
Variance
= Actual - Budget
= Actual - Budget
Variance =
