Business Unit 1 Formulas

Description

A Levels Business Studies Flashcards on Business Unit 1 Formulas, created by Luca Sansone on 16/05/2014.
Luca Sansone
Flashcards by Luca Sansone, updated more than 1 year ago
Luca Sansone
Created by Luca Sansone about 11 years ago
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Resource summary

Question Answer
Revenue = Price x Quantity
Total Costs = Fixed costs + variable Costs
Profit = Total Revenue - Total Costs
Unit Costs = Total Costs/Units Produced
Market Size = Sales Of Business/ Market Share x 100
Market Share = Sales Of Business/ Total Sales in Market x 100
Market Growth = Change/ Original x 100
Contribution per unit = Selling Price - Variable costs
Total Contribution = No. Sales x Contribution per uint OR Revenue - Total variable Costs
Breakeven = Fixed Costs/ Contribution per unit
Value Added = Outputs - Inputs
NET Cash Flow = Inflows - Outflows
Closing Balance = Opening Balance + NET Cash Flow
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