Bus 2 Finance Formula Finance Formula from AQA Business Studies- Bus 2 Exam 4.5 / 5 based on 3 ratings ? Business StudiesASAQA Created by: Victoria ClarkCreated on: 27-03-12 19:08 Opening Balance closing balance from previous period 1 of 18 Closing Balance opening balance+net cash flow 2 of 18 Net Cash Outflow total inflows-total outflows 3 of 18 Budget Variance budget figure-actual figure can be applied to income/expenditure/profit 4 of 18 Labour Productivity output per period -------------------------------------------- no of employees per period 5 of 18 Annual Rate of Absenteeism no of working days lost -------------------------------------------- x100 average number of staff 6 of 18 Daily Absenteeism no of staff absent on a day ------------------------------------------ x100 total no of staff 7 of 18 Labour Turnover no of staff leaving over period ------------------------------------------------ x100 no of staff employed over period 8 of 18 Absenteeism due to Health and Safety no of days lost due to H+S ------------------------------------------- x100 total no of staff 9 of 18 Unit Costs total cost ------------------------ no of units of output 10 of 18 Capactiy Utilisation actual output -------------------------------- x100 max poss output 11 of 18 Scrapage Percentage no of units wasted -------------------------------------- x100 total no of units 12 of 18 Punctuality Percentage deliveries on time --------------------------------------- x100 total deliveries 13 of 18 Return on Capital net profit --------------------------- x100 capital invested 14 of 18 Net Profit Margin net profit -------------------- sales revenue 15 of 18 Profit total revenue-total costs 16 of 18 Price Elasticity of Demand % change in quantity demanded -------------------------------------------------- x100 % change in price if it equals less than one= price elastic more than one= price inelastic 17 of 18 Favourable/Adverse Budgets FAVOURABLE - actual revenue is greater than budgeted - actual costs are lower than budgeted ADVERSE - actual revenue is less than budgeted - actual costs are higher than budgeted 18 of 18
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