Business 0.0 / 5 ? BusinessCosts & profit, Balance sheets , cash flowBTEC NationalNone Created by: woodheadmollyCreated on: 21-06-18 13:39 What is the formula for total costs? fixed cost + variable cost 1 of 11 What is the formula for total variable costs? variable costs per unit x quantity 2 of 11 What is the formula for sales revenue? selling price x quantity sold 3 of 11 What is the formula for profit? sales revenue - total costs 4 of 11 What is the formula for gross profit? revenue - cost of sales 5 of 11 What is the formula for net profit? gross profit - expenditure 6 of 11 Net assests = total assets - current liabilities 7 of 11 Working capital = current assets - current liabilities 8 of 11 Net current assets = current assets - current liabilities 9 of 11 net cashflow = total inflows - total outflows 10 of 11 opening balance = opening balance of previous month 11 of 11
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