7603691
Description
Flashcards by sophie terry, updated more than 1 year ago
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Created by sophie terry
about 7 years ago
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| Question | Answer |
| Revenue | Units sold x Sales price |
| Total variable cost | Total quantity of output x variable cost per unit |
| Average (unit) cost | Total costs of goods available for sale / Total units available for sale |
| Profit | Total costs - Total revenue |
| Net cash flow | Inflow - Outflow |
| Opening balance | ? |
| Closing balance | Opening balance + Net cash flow |
| Percentage increase in sales | (Increase = New no. - Original no.) Increase / Original number x 100 |
| Breakeven | Fixed costs / (sales prices per unit - variable costs per unit) |
| Contribution | Total sales - total variable costs |
| Contribution per unit | Selling price per unit - variable costs per unit |
| Total contribution | Contribution per unit x no. of units sold |
| Contribution margin | Contribution - Fixed costs |
| Profit (with total contribution) | ? |
| Cost of sales | Beginning inventory + inventory purchases & expenses - Ending inventory |
| Gross profit | Sales - Cost of goods sold |
| Gross profit margin | Gross profit / Sales |
| Operating profit | Revenue - Cost of goods sold, labour & other expenses |
| Operating profit margin | Operating profit / Revenue |
| Net profit | (Net income / Total sales) x 100 |
| Net profit after tax | Net profit / Total revenue |
| Net profit margin | (Net income / Total sales) x 100 |
| Net assets | Total assets - Total liabilities |
| Total equity | Assets - Liabilities |
| Current ratio | Current assets / Current liabilities |
| Acid test ratio | (Cash + accounts receivable + short term investments) / Current liabilities |
| Working capital | Current assets - current liabilities |
| Labour productivity | Output per period (units) / No. of employees at work |
| Capacity utilisation | Actual output / Maximum possible output |
| Exchange rates: GBP into foreign currency | GBP x Foreign currency |
| Exchange rates: Foreign currency into GBP | Foreign currency / GBP |
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