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Business Studies > Formulas > Flashcards

Formulas Flashcards

1
Q

What is the formula to calculate Revenue?

A

Price x Quantity

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2
Q

What is the formula to calculate Total Costs?

A

Fixed Costs + Variable Costs

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3
Q

What is the formula to calculate Market Size?

A

Number of units sold x Price

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4
Q

What is the formula to calculate Market Growth?

A

(Change in market size ÷ Original Size) x 100%

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5
Q

What is the formula to calculate Market Share?

A

(Sales of firm ÷ Total market sales) x 100%

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6
Q

What is the formula to calculate Variable Costs?

A

Cost per unit x Quantity

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7
Q

What is the formula to calculate Profit?

A

Total Revenue - Total Costs

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8
Q

What is the formula to calculate Contribution Per Unit?

A

Selling Price - Variable Cost per Unit

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9
Q

What is the formula to calculate Total Contribution?

A

Contribution per Unit x Number of Units

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10
Q

What is the formula to calculate the Break-Even Point?

A

Fixed Costs ÷ Contribution per Unit

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11
Q

What is the formula to calculate the Margin of Safety?

A

Actual Output - Break-Even Output

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12
Q

What is the formula to calculate Net Cash Flow?

A

Cash Inflows - Cash Outflows

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13
Q

How do you identify Opening Balance?

A

Previous Month’s Closing Balance

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14
Q

What is the formula to calculate Closing Balance?

A

Opening Balance + Net Cash Flow

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15
Q

What is the formula to calculate Labour Productivity?

A

Output ÷ Number of Workers

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16
Q

What is the formula to calculate Labour Productivity?

A

Output ÷ Number of Workers

17
Q

What is the formula to calculate Labour Cost per Unit?

A

Total Labour Cost ÷ Number of Units Produced

Business Studies (4 decks)

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