Bis man finance and account equations

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Last updated 11:35 PM on 8/4/26
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8 Terms

1
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Total Revenue

Total Revenue = Price x Quantity

2
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Total Costs

Total Costs = Fixed costs + Variable costs

3
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Profit

Profit = Total Revenue - Total Costs

4
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Gross Profit

Gross Profit = Sales Revenue - Cost of Sales

5
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Cost of Sales

Cost of Sales = Sales Revenue - Gross Profit

6
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Profit Before Interest or Tax

Profit Before Interest or Tax = Gross Profit - Expenses

7
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Taxes

Taxes = Profit Before Tax - Profit for the Period

8
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Retained Profit

Retained Profit = Profit for the Period - Dividend