BTEC Business Unit 3 formulas 0.0 / 5 ? BusinessFinanceBTEC NationalEdexcel Created by: PoppyJames01Created on: 12-12-19 09:20 Contribution selling price - variable cost per item 1 of 12 Total contribution contribution X number of sales 2 of 12 Margin of safety actual sales - break-even number of sales 3 of 12 Net cashflow total inflows - total outflows 4 of 12 Opening balance previous month's closing balance 5 of 12 Closing balance opening balance + net cashflow 6 of 12 Reducing balance depreciation method fixed % deducted from value at the end of each year 7 of 12 Cost of sales opening inventory + purchases - closing inventory 8 of 12 Gross profit revenue - cost of sales 9 of 12 Net profit gross profit - expenses 10 of 12 Prepayments deduct from expenses OR add to net profit 11 of 12 Accruals add to expenses OR deduct from net profit 12 of 12
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