BTEC Level 3 Business and Entrepreneurship

?
Closing balance
Opening balance + cash inflows - cash outflows
1 of 29
Opening balance
previous months closing balance
2 of 29
Cash flow inflows
Add all together
3 of 29
Cash flow outflows
Add all together
4 of 29
Total costs
fixed cost + variable cost
5 of 29
Break even
total revenue = total cost
6 of 29
Break even point
fixed costs / contribution per unit
7 of 29
Contribtuion per unit
selling price - variable cost per unit
8 of 29
Total contribution
sales revenue - total variable cost
9 of 29
Total variable cost
variable cost per unit X quantity
10 of 29
Margin of safety
actual sales in unit - break even level of output
11 of 29
Break even level of output
fixed costs / contribution per unit
12 of 29
Sales revenue
quantity sold X selling price
13 of 29
Cost of goods sold
opening inventories + purchases - closing invetories
14 of 29
Gross profit
sales turnover - cost of goods sold
15 of 29
Profit or loss for the year
gross profit - expenses + other income
16 of 29
Straight line depreciation
historical value - residual value / expected life
17 of 29
Net current assets
current assets - current liabilties
18 of 29
Net assets
non current assets + current assets - (current liabilties + long term liabilties)
19 of 29
Capital employed
owners capital + retained profit - drawings
20 of 29
Gross profit margin
gross profit / revenue X 100
21 of 29
Mark up
gross profit / cost of sales X 100
22 of 29
Net profit margin
net profit / revenue X 100
23 of 29
ROCE
net profit before tax and interest / capital employed X 100
24 of 29
Current ratio
current assets / current liabilties
25 of 29
Liquid capital ratio
current assets - inventory / current liabilities
26 of 29
Trade recieavbles days
(trade reciavbles / credit sales) X 365
27 of 29
Trade payable days
(trade payables / credit purchases) X 365
28 of 29
Inventory turnover
(average inventory / cost of sales) X 365
29 of 29

Other cards in this set

Card 2

Front

previous months closing balance

Back

Opening balance

Card 3

Front

Add all together

Back

Preview of the back of card 3

Card 4

Front

Add all together

Back

Preview of the back of card 4

Card 5

Front

fixed cost + variable cost

Back

Preview of the back of card 5
View more cards

Comments

No comments have yet been made

Similar Business resources:

See all Business resources »See all Finance resources »