igcse business studies formula
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25 Terms
total costs
fixed cost + total variable cost
total variable cost is found by doing - (sales x variable cost per unit)
breakeven output
fixed cost
selling price - variable cost
gross profit
revenue - cost of sales
gross profit margin
gross profit / revenue x 100
net profit
gross profit - expenses
net profit margin
net profit / revenue x 100
profit
total revenue - expenses
total revenue - total cost
margin of safety
output - breakeven output
net cash flow
inflows - outflows
opening balance
some as closing balance of previous month
closing balance
opening balance + net cashflow
working capital
current assets - current liabilities
retained profit
profit after tax - dividends
profit after tax
profit - tax
roce
net profit / capital employed x 100
predicted profit from break even data
(output x contribution) - fixed costs
contribution
selling price - variable costs
current ratio
current assets / current liabilities
working capital
current assets - current liabilities
acid test ratio
current assets - inventory / current liabilities
revenue
selling price x quantity sold
cost of sales
quantity x variable cost
opening inventory + raw material - closing inventory
fixed cost
total cost - variable cost x units produced
total variable cost
total cost of materials + total cost of labor
variable cost per unit
total variable cost / # of units
Note 
Flashcards (30)