gcse business equations Flashcards
(17 cards)
1
Q
total cost
A
fixed cost + variable cost
2
Q
revenue
A
selling price x quantity sold
3
Q
profit
A
revenue - total cost
4
Q
average unit cost
A
total cost / output
5
Q
net cash flow
A
total inflows - total outflows
6
Q
closing balance
A
opening balance + net cash flow
7
Q
opening balance
A
closing balance from the previous period
8
Q
break even point
A
total cost = total revenue
9
Q
margin of safety
A
current output - break even point
10
Q
Average rate of return
A
average annual profit / initial cost of investment x 100
11
Q
gross profit
A
revenue - cost of sales
12
Q
gross profit margin
A
gross profit / revenue x 100
13
Q
net profit
A
gross profit - expenses
14
Q
net profit margin
A
net profit / revenue x 100
15
Q
current assets
A
total assets - total liabilities
16
Q
market share
A
sales from business / total market sales x 100
17
Q
market size
A
total sales in the market
