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Last updated 10:35 AM on 5/14/25
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14 Terms
1
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Total cost =
Fixed + total variable costs
2
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Gross profit =
Revenue- costs of sales
3
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net profit=
Gross profit-expenditures
4
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revenue
Price times quantity sold
5
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Gross profit margin=
Gross profit /revenue times 100 =
6
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Net profit margin=
Net profit / revenue x 100 = %
7
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Break even =
Fixed cost / (selling price - variable costs)=units not £
8
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Margin of safety=
Actual sales- break even point
9
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Average rate of return=
Average annual profit/ cost of investment x 100 = %
10
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Average profit =
Total profit/ number of years
11
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Net cash flow
inflow - outflow
12
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closing balance =
Opening balance + net cash flow
13
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Opening balance
Closing bank balance from previous month
14
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Revised
