formulas- theme 2 Flashcards

(29 cards)

1
Q

sales revenue=

A

selling price

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2
Q

sales revenue =

A

selling price pu X No. units sold

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3
Q

variable costs=

A

variable cost per unit x No. units produced

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4
Q

total costs=

A

fixed costs + variable costs

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5
Q

profit=

in revenue, costs and sales

A

revenue - total costs

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6
Q

net cash flow=

A

inflows-outflows

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7
Q

closing balance=

A

opening balance + net cash flow

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8
Q

breakeven=

A

total costs = total revenue

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9
Q

margin of safety=

A

current output - breakeven output

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10
Q

breakeven using contribution=

A

contribution

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11
Q

contribution=

A

selling price per unit - variable costs per unit

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12
Q

profit=

in breakeven 1

A

total contribution - fixed costs

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13
Q

profit=

in breakeven 2

A

margin of safety x contribution per unit

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14
Q

gross profit=

A

revenue - cost of sales

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15
Q

operating profit=

A

gross profit - other operating expenses

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16
Q

profit for the year=

net profit

A

operating profit - interest & exceptional items

17
Q

gross profit margin=

A

gross profit
—————– x 100
revenue

18
Q

operating profit margin=

A

operating profit
———————– X 100
revenue

19
Q

profit for the year=

net profit margin

A

profit for the year(net profit)
——————————– X 100
revenue

20
Q

net current assets=

working capital

A

current assets - current liabilities

21
Q

net assets=

A

non current assets + net current assets - no current liabilities

22
Q

total equity=

A

share capital + retained profit + any other reserves

23
Q

assets employed=

A

non current assets + net current assets

24
Q

capital employed=

A

non current liabilities + total equity

25
current ratio=
current assets ----------------------- current liabilities
26
acid test ratio=
current assets - inventory ------------------------------------ current liabilities
27
labour productivity=
total output(per period) ------------------------------------- average No. employees (per period)
28
unit costs=
total costs in period ----------------------------- output per period
29
capacity utilisation=
current output ----------------------- maximum possible output