Thursday formula test Flashcards
1
Q
PED
A
Change in quantity demanded/change in price
2
Q
YED
A
Change in quantity demanded/change in income
3
Q
Sales volume
A
Sales revenue/price
4
Q
Revenue
A
Price X quantity
5
Q
Total costs
A
Fixed costs + variable costs
6
Q
Variable costs
A
Total costs - fixed costs
7
Q
Profiy
A
Total revenue - total costs
8
Q
Net profit
A
Operating costs - tax
9
Q
Net profit margain
A
Net profit/revenue X100
10
Q
Current ratio
A
Current assets/current liabilities
11
Q
Acid test ratio
A
Current assets - stock/current liabilites
12
Q
Capital productivity
A
Output per time period/ number of machines
13
Q
Capacity utilisation
A
Actual output/maximum output X100
14
Q
Break even
A
Total fixed costs/contribution per unit
15
Q
Contribution
A
Selling price - variable costs
