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GCSE Business Studies
AQA
business paper equations
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Business
GCSE Business Studies
AQA
11th
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20 Terms
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1
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sales revenue
selling price per item x number sold
2
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total variable costs
variable costs per item x number sold
3
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total costs
fixed costs + variable costs
4
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profit
sales revenue - total costs
5
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cost per unit
total costs / number sold
6
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percentage change
( change / original ) x 100
7
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market share
(business sales / total market sales) x100
8
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market growth
(change in market size / original market size) x100
9
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total cash inflows
add all inflows
10
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total cash outflows
add all ouflows
11
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net cash flows
cash inflows-cash outflows
12
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opening balance
closing balance of previous month
13
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closing balance
opening balance + net cash flow
14
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net assets
(current assets + non current assets) - (current liabilities + non current liabilities)
15
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average rate of return
(average yearly profit / cost of investment ) x 100
==STEP 1-== calculate average yearly profit: %%total profits / number of yrs%%
==STEP 2-== then calculate average rate of return
16
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margin of safety
actual output - break even output
17
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gross profit
revenue - cost of sales
18
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net profit
gross profit - overheads
19
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gross profit margin
(gross profit / revenue) x 100
20
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net profit margin
(net profit / revenue) x 100