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
3
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Total contribution
total revenue - total variable costs
4
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Break even
fixed costs/contribution per unit
5
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Total costs
total fixed costs + total variable costs
6
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Total variable costs
variable costs x quantity
7
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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
9
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net cash flows
total cash inflows - total cash outflows
10
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closing balance
net cash flow + opening balance
11
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Equity
share capital + retained profit
12
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Gross Profit
sales - cost of goods sold
13
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Cost of Goods Sold
beginning inventory + purchases - ending inventory