IB Business Management SL Formulas

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13 Terms

1
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Total revenue

price x quantity

2
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Contribution per unit

price per unit - variable cost per unit

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Total contribution

total revenue - total variable costs

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Break even

fixed costs/contribution per unit

5
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Total costs

total fixed costs + total variable costs

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Total variable costs

variable costs x quantity

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Target profit output

(fixed costs + target profit)/contribution per unit

8
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working capital (net current assets)

current assets - current liabilities

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net cash flows

total cash inflows - total cash outflows

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closing balance

net cash flow + opening balance

11
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Equity

share capital + retained profit

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Gross Profit

sales - cost of goods sold

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Cost of Goods Sold

beginning inventory + purchases - ending inventory