buisness paper 1 calculations
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12 Terms
1
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Revenue
Selling price x quantity sold
2
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Total cost
Fixed cost + variable cost
3
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Profit
Total revenue - total cost
4
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Gross profit
Revenue - cost of all goods sold
5
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Net profit
Gross profit - all other expenses
6
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Interest
Total repayment - borrowed amount / borrowed amount x 100
7
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Break even
Fixed costs / contribution
8
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Margin of safety
Actual - break even
9
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Percentage change
Difference / original x100
10
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Net cash flow
Cash inflows - cash outflows
11
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Closing balance
Opening balance + net cash flow
12
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Opening balance
Previous closing balance
Note 
Flashcards (78)