Business equation flash cards 5.0 / 5 based on 2 ratings ? Business StudiesFinanceGCSENone Created by: 20ShoodCreated on: 13-05-22 09:16 What is the equation for Turnover? Turnover = Price x Quantity sold 1 of 14 What is the equation for Total Variable Costs? Total Variable Costs = Variable Costs x Quantity 2 of 14 What is the equation for Profit? Profit = Turnover - Total Costs 3 of 14 What is the equation for Gross Profit? Gross Profit = Turnover - Costs of Sales 4 of 14 What is the equation for Net Current Assets? Net Current Assets = Current Assets - Current Liabilitys 5 of 14 What is the equation for Net Assets? Net Assets = Total Fixed Assets + Net Current Assets 6 of 14 What is the Net Cash Flow? Net Cash Flow = Total Cash Inflows - Total Cash Outflows 7 of 14 What is the equation for the Closing Balance? Opening Balance +/- Net Cash Flow 8 of 14 What is the equation for the Break Even? Break Even = Fixed Costs / (Price - Variable Costs) 9 of 14 What is the equation for Margin of Safety? Margin of Safety = Actual Output - Break Even Point 10 of 14 What is the equation for Gross Profit Margin? Gross Profit Margin = (Gross Profit / Turnover) x 100 11 of 14 What is the equation for Net Profit Margin? Net Profit Margin = (Net Profit / Turnover) x 100 12 of 14 What is the equation for Current Ratio? Current Ratio = (Current Assets / Current Liabilities) 13 of 14 What is the equation for Liquid Capital Ratio? Liquid Capital Ratio = (Current assets - Inventory) / Current Liabilities 14 of 14

GCSE AQA business studies Unit 1 starting up a business 5.0 / 5 based on 1 rating Teacher recommended

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