{ "@context": "https://schema.org", "@type": "Organization", "name": "Brainscape", "url": "https://www.brainscape.com/", "logo": "https://www.brainscape.com/pks/images/cms/public-views/shared/Brainscape-logo-c4e172b280b4616f7fda.svg", "sameAs": [ "https://www.facebook.com/Brainscape", "https://x.com/brainscape", "https://www.linkedin.com/company/brainscape", "https://www.instagram.com/brainscape/", "https://www.tiktok.com/@brainscapeu", "https://www.pinterest.com/brainscape/", "https://www.youtube.com/@BrainscapeNY" ], "contactPoint": { "@type": "ContactPoint", "telephone": "(929) 334-4005", "contactType": "customer service", "availableLanguage": ["English"] }, "founder": { "@type": "Person", "name": "Andrew Cohen" }, "description": "Brainscape’s spaced repetition system is proven to DOUBLE learning results! Find, make, and study flashcards online or in our mobile app. Serious learners only.", "address": { "@type": "PostalAddress", "streetAddress": "159 W 25th St, Ste 517", "addressLocality": "New York", "addressRegion": "NY", "postalCode": "10001", "addressCountry": "USA" } }

Unit 3 Calculations Flashcards

(18 cards)

1
Q

Price Elasticity of Demand

A

Percentage change in Quantity Demanded
Percentage change in Price

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Income Elasticity of Demand

A

Percentage change in Quantity Demanded
Percentage change in Income

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Budget Variances

A

Budget - actual figure

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Index Numbers

A

Value in Year x 100
Value in Base Year

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Working Capital

A

Current Assets – Current Liabilities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Capital Employed

A

Long-term liabilities + Shareholders Capital

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Depreciation

A

(Purchase Value – Residual Value)
Number of Years

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Return on Capital Employed (ROCE)

A

Net Profit x 100
Capital Employed
OR
Net Profit x 100
(Long-term liabilities + Shareholders Capital)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Current Ratio

A

Current Assets
Current Liabilities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Acid test

A

(Current Assets – Stock)
Current Liabilities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Gearing Ratio

A

Long-term liabilities x 100
(Total shareholder funds + Long term liabilities)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Gross Profit Margin

A

Gross Profit x 100
Revenue

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Net Profit Margin

A

Net Profit x 100
Revenue

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

How to calculate a percentage change

A

Difference between the two numbers

The original number X 100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

How to calculate gross profit

A

Revenue - cost of sales

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

How to calculate Net profit

A

Gross profit - operating expenses and taxes

15
Q

how to calculate AARR (Average annual rate of return)

A

percentage gain on investment / number of years

16
Q

Net present value

A

net cash flows X discount rate