# Business Equations

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- Created by: Alex McBride123
- Created on: 25-04-17 08:46

What is the equation for profit

Profit = Revenue - Costs

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What is the equation for Total revenue

Total Revenue = Price x Quantity Sold

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What is the equation for Market Growth

Market Growth = ((Market size in Year - Market Size in Previous Year) / Market size in previous year) x 100

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What is the equation for Sales Growth

Sales Growth = ((Sales In the year - sales in previous year)/ Sales in previous Year) x 100

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What is the equation for Market Share

Market Share = (Sales for a product, brand or company / Total sales in Market) x 100

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What is the equation for Price Elasticity of Demand

Price Elasticity of Demand = % Change in Quantity Demanded / % Change in Price

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What is the equation for Income Elasticity of Demand

Income Elasticity of Demand = % Change in Quantity Demanded / % Change in Income

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What is the equation for Punctuality

Punctuality = (Deliveries on Time / Total Deliveries) x 100

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What is the equation for Labour Productivity

Labour Productivity = Output per period / Number of Employees per Period

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What is the equation for Unit Costs

Unit Costs = Total costs / Units ofOutputs

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What is the equation for Capacity Utilisation

Capacity Utilisation = ( Actual Output per annum / Maximum Possible Output per Annum) x100

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What is the equation for Return on Investment

Return on Investment = (Return on Investment* / Cost of Investment) x 100 ( Return on investment* = Financial Gains from the investment - Cost of the investment)

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What is the equation for Debts as a proportion of long term funding

Debts as a proportion of long term funding = (Debts / Long term funding) x 100

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What is the equation for Variance Analysis

Variance Analysis = Budgeted Figure - Actual Figure

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What is the equation for Net Cash Flow

Net Cash Flow = Cash Inflows - Cash Out Flows

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What is the equation for Contribution per unit

Contribution per unit = Selling Price Per unit - Variable Cost per unit.

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What is the equation for Total Contribution

Total Contribution = Total Revenue - Total Variable costs

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What is the equation for Breakeven Output

Breakeven Output = Fixed costs / contribution per unit

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What is the equation for Gross Profit Margin

Gross Profit Margin = Gross profit / Sales revenue (turnover) x 100

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What is the equation for Operating Profit Margin

Operating Profit Margin = Operating Profit / Sales Revenue (turnover) x 100

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What is the equation for Profit for the year Margin

Profit For the Year Margin = Profit for the year / Sale Revenue (turnover) x 100

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What is the equation for Labour Turnover

Labour Turnover = (Number of Employees leaving over a given period / Number of employees over a given period) x 100

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What is the equation for Retention Rates

Retention Rates = (Number of employees with one or more years service / Over all workforce numbers) x 100

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What is the equation for Labour Costs per unit

Labour Costs per Unit = Total Labour costs / Total units of output

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What is the equation for Employee costs as a percentage of Turnover

Employee Costs as a percentage of Turnover = (Employee Costs / Sales Turnover) x 100

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## Other cards in this set

### Card 2

#### Front

What is the equation for Total revenue

#### Back

Total Revenue = Price x Quantity Sold

### Card 3

#### Front

What is the equation for Market Growth

#### Back

### Card 4

#### Front

What is the equation for Sales Growth

#### Back

### Card 5

#### Front

What is the equation for Market Share

#### Back

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