Business

What is the formula for total costs?
fixed cost + variable cost
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What is the formula for total variable costs?
variable costs per unit x quantity
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What is the formula for sales revenue?
selling price x quantity sold
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What is the formula for profit?
sales revenue - total costs
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What is the formula for gross profit?
revenue - cost of sales
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What is the formula for net profit?
gross profit - expenditure
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Net assests =
total assets - current liabilities
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Working capital =
current assets - current liabilities
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Net current assets =
current assets - current liabilities
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net cashflow =
total inflows - total outflows
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opening balance =
opening balance of previous month
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Other cards in this set

Card 2

Front

What is the formula for total variable costs?

Back

variable costs per unit x quantity

Card 3

Front

What is the formula for sales revenue?

Back

Preview of the front of card 3

Card 4

Front

What is the formula for profit?

Back

Preview of the front of card 4

Card 5

Front

What is the formula for gross profit?

Back

Preview of the front of card 5
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