Formula taken from exam board required formula

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Total Costs
Total Variable Costs + Total Fixed Costs
1 of 47
Profit
Total Revenue - Total Costs = Profit
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Profit
Total Contribution - Fixed Costs
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Total Variable Costs
Variable Cost per Unit X Number of Units Sold
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Total Sales Revenue
Selling Price per Unit X Number of Units Sold
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Number of Issued Shares X Current Share Price
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Expected Value of a Decision with two Possible Outcomes
(Pay off of A X Probability of A) + (Pay off of B X Probability of B)
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Net Gain in Decision Tree
Expected Value - Initial Cost of Decision
8 of 47
Market Size Volume
Quantity of Goods and Services produced in the Market over a Period of Time
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Market Size Value
Total Sales Revenue generated from sales in the Market over a Period of Time
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Sales Volume
Quantity of goods and services produced in the Market over a Period of Time
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Sales Value
Total Sales Revenue over A Period of Time
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Market Growth %
(Change in the size of the market between year Y and year Z ÷ Sales of Product or Business in year Y) X 100
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Sales Growth %
(Change in sales of product or business between year Y and year Z ÷ Sales of Product or Business in year Y) X 100
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Market Share %
(Sales of one product or brand or business ÷ Total sales in the market) X 100
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Price Elasticity of Demand
(Percentage change in Quantity Demanded ÷ Percentage change in Price) X 100
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Income Elasticity of Demand
(Percentage change in Quantity Demanded ÷ Percentage change in Income) X 100
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Sales revenue - costs of bought in goods and services
18 of 47
Labour Productivity
Output per Time Period ÷ Number of Employees
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Unit Costs
Total Costs of Production ÷ Number of Units of Output Produced
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Capacity Utilization
(Actual Output in a given Time Period ÷ Maximum Output in a given Time Period) X 100
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Return on Investment
(Return on Investment ÷ Cost of Investment) X 100
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Gross Profit
Sales Revenue - Cost of Sales
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Operating Profit
Gross Profit - Operating Expenses
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Profit for Year
Operating Profit + Profit from other activities - Net Finance Costs - Tax
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Favourable Variance
Actual Sales or Profit Higher than Budget, or Costs Lower than Budget
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Actual Sales or Profit Lower than Budget, or Costs Higher than Budget
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Contribution per Unit
Selling Price - Variable Cost per Unit
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Total Contribution
Contribution per Unit X Units Produced or Sold
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Total Contribution
Total Revenue - Total Variable Costs
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Break-Even Output
Fixed Costs ÷ Contribution per Unit
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Break Even
Level of Output where Total Revenue = Total Costs
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Margin of Safety
Actual Level of Output - Break-Even Level of Output
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Gross Profit Margin
(Gross Profit ÷ Sales Revenue) X 100
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Operating Profit Margin
(Operating Profit ÷ Sales Revenue) X 100
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Profit for Year Margin
(Profit for Year ÷ Sales Revenue) X 100
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Labour Turnover
(Number of Staff Leaving During Year ÷ Average Number of Staff Employed) X 100
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Employee Retention Rate
(Number of Staff Staying During Year ÷ Average Number of Staff Employed) X 100
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Employee Costs in Turnover
(Employee Costs ÷ Sales Revenue) X 100
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Labour Cost per Unit
Labour Cost ÷ Units of Output
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Return on Capital Employed
(Operating Profit ÷ Total Equity + Non-Current Liabilities) X 100
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Current Ratio
Current Assets ÷ Current Liabilities
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Gearing
Non-Current Liabilities ÷ Total Equity + Non-Current Liabilities
43 of 47
Payable Days
(Payables ÷ Cost of Sales) X 365
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Receivable Days
(Receivables ÷ Sales Revenue) X 365
45 of 47
Inventory Turnover
Cost of Goods Sold ÷ Average Inventories Held
46 of 47
Average Rate of Return
(Net Return from Project ÷ Initial Cost of Project) X 100
47 of 47

## Other cards in this set

### Card 2

#### Front

Total Revenue - Total Costs = Profit

Profit

### Card 3

#### Front

Total Contribution - Fixed Costs

### Card 4

#### Front

Variable Cost per Unit X Number of Units Sold

### Card 5

#### Front

Selling Price per Unit X Number of Units Sold