IB Business Management Formulas not given on Formula Sheet

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Target profit output

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17 Terms

1

Target profit output

fixed costs + taregt profit / contribution per unit

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2

Labour Turnover (%)

(number of staff leaving over a year / average number of staff employed in a year ) x 100

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3

Market Share (%)

(total company sales in a year / total sales in a market) x 100

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4

Cost to Buy

Price x Quantity

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5

Cost to Make

Variable costs x Quantity

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6

Total revenue

Price x Quantity

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7

Profit

Total revenue - Total costs

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8

Gross Profit

Sales revenue - Cost of goods sold

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9

Net profit before interest and tax

Gross profit - expenses & overheads

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10

Working Capital

Current Asstes - Current Liabilities

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11

Straight line method (Depreciation)

(origninal cost-residual value)/ expected useful life of asset

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12

Reducing balance (Depreciation)

cost of original asset x rate of depreciation

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13

Payback Period

intial investment cost / anual cash flow from investment

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14

Break-even quantity

Fixed costs / contribution per unit

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15

Contribution per unit

Selling price - Variable costs

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16

Margin of safety

current output - break even quantity

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17

Break even revenue

(fixed costs / contribution per unit) x price per unit

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