Business BTEC - equations
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34 Terms
Net cash flow
total inflows - total outflows
Closing balance
opening balance + net cash flow
Break-even point
fixed costs/selling price - variable costs per unit
OR
fixed costs/contribution per unit
profit/loss
total revenue - total costs
Total variable costs
number of units sold in a time period x variable costs per unit
Total costs
fixed costs + semi-variable costs + variable costs
Total revenue
selling price per unit x number of units sold
Sales in value
selling price per unit x quantity sold
Break-even point in terms of units
total fixed costs/contribution per unit
Break-even point in terms of value
break-even level of output x selling price per unit
Margin of safety in units
actual sales - break-even level of output
Margin of safety by value
margin of safety level of output x selling price per unit
Contribution per unit
selling price per unit - variable cost per unit
Total contribution
contribution per unit x number of units sold
Profit (using contribution)
contribution per unit x margin of safety
Sales revenue
selling price per unit x quantity sold
Cost of goods sold
opening inventory + purchases - closing inventory
Gross profit
sales revenue - cost of goods sold
Profit/loss for the year
gross profit - expenses + other income
Net current assets
current assets - current liabilities
Net assets
non current assets + net current assets - non current liabilities
Capital employed
net current assets - non current liabilities
Net book value
cost-depreciation
Straight line depreciation
historic costs - residual value/expected life
Reducing balance depreciation
net book value x % set depreciation
Gross profit margin
gross profit/sales revenue x100
Mark up
gross profit/cost of goods sold x100
Profit margin
profit/revenue x100
Return on capital unemployed
profit/capital unemployed x100
Current ratio
current assets/current liabilities
Liquid capital ratio
current assets - inventory/current liabilities
Trade receivable days
trade receivables/credit sales x365
Trade payable days
trade payables/credit purchases x365
Inventory turnover
average inventory/cost of sales x365