A level Business Equations

what is market share?
market share=(sales/total sales in market)x100
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what is price elasticity of demand?
PED= %change in quantity demanded/%change in price
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what is income elasticity of income?
YED= %change in quantity demanded/% change in income
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what is net cash flow?
net cash flow= total inflows- total outflows
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what is sales volume?
sales volume= total number of units sold over a period of time
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what is sales revenue?
sales revenue= number of units sold x unit price
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what is total variable costs?
number of units sold x variable costs per unit
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what is total costs?
total costs= fixed costs + variable costs
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what is contribution per unit?
contribution per unit= selling price per unit - variable cost per unit
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what is total contribution?
total contribution= contribution per unit x number of units sold
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what is break even?
break even= fixed costs/contribution per unit
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what is variance?
variance= actual - budget
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what is gross profit?
gross profit= sales revenue - costs of sales
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what is operating profit?
operating profit= gross profit - overheads
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what is net profit?
net profit= operating profit - finance
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what is gross profit margin?
gross profit margin= (gross profit/sales) x 100
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what is operating profit margin?
operating profit margin= (operating costs/ sales) x 100
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what is net profit margin?
net profit margin=(net costs/ sales) x 100
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what is current ratio?
current ratio= current assets: current liabilities
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what is acid test ratio?
acid test ratio= current assets- stock: current liabilities
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what is productivity?
productivity= output per period- number of employees in that period
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what is capacity utilisation?
capacity utilisation= (actual level of output/ maximum possible output) x 100
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Other cards in this set

Card 2

Front

what is price elasticity of demand?

Back

PED= %change in quantity demanded/%change in price

Card 3

Front

what is income elasticity of income?

Back

Preview of the front of card 3

Card 4

Front

what is net cash flow?

Back

Preview of the front of card 4

Card 5

Front

what is sales volume?

Back

Preview of the front of card 5
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