IGCSE Business studies Formulas + Equations
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19 Terms
Average variable costs
total costs/ output
total variable costs
variable cost per unit x output
total costs
fixed costs + total variable costs
average (or unit) cost
total costs/output
total revenue
price per item x quantity sold
contribution
selling price per unit - variable cost per unit
break even point
fixed costs/contribution
margin of safety
output - break even point
profit
total revenue - total costs
gross profit
revenue - cost of sales
net profit
gross profit - expenses
working capital
current assets - current liabilities
net assets (or capital employed)
total assets - total liabilites
gross profit margin
gross profit/revenue x 100
net profit margin
net profit/revenue x 100
return on capital employed
net profit/capital employed x100
current ratio
current assets: current liabilties
acid test ratio
current assets - stock : liabilities
profit or loss
revenue - total cost
Note 
Flashcards (33)