BUSINESS FORMULAS

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21 Terms

1
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THEME 1

2
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Market Share

Total Sales of Business / Total sales in market x 100

3
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Price Elasticity of Demand

% Change in quantity demanded / % Change in price

4
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Income Elasticity of Demand

% Change in quantity demanded / % Change in income

5
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% Mark Up (Cost - Plus Pricing)

Unit cost + mark up

6
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Unit Cost

Total costs / Number of units

7
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THEME 2

8
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Sales Volume

Sales Revenue / Selling Price

9
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Sales Revenue

Selling Price / Sales Volume

10
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Total Variable Costs

Average Variable Costs x Quantity Sold per unit

11
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Total Costs

Variable Costs + Fixed Costs

12
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Total Revenue

Quantity Sold x Average Selling Price

13
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14
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Net Cash Flow

Total Cash Inflow - Total Cash Outflow

15
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Opening Balance

Closing Balance from previous period

16
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Closing Balance

Opening Balance + Net Cash Flow

17
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Sales Revenue

Price x Quantity Sold

18
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Total Costs

Total Fixed Costs + Total Variable Costs

19
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Break Even

Fixed Costs / (Selling Price per Unit - Variable Costs per Unit)

20
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Contribution per Unit

Selling Price per Unit - Variable Cost per Unit

21
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Total Contribution

Contribution per Unit x Quantity sold