Finance

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Margin of safety
Total no of sales that can be lost before business loses money
1 of 5
Total costs
Fixed costs + variable costs
2 of 5
Break even point formula
Fixed costs / (Sales price per unit - variable cost per unit)
3 of 5
Gross profit formula
Sales revenue - cost of sales
4 of 5
Net profit (or loss) formula
Gross profit - expenses
5 of 5

Other cards in this set

Card 2

Front

Fixed costs + variable costs

Back

Total costs

Card 3

Front

Fixed costs / (Sales price per unit - variable cost per unit)

Back

Preview of the back of card 3

Card 4

Front

Sales revenue - cost of sales

Back

Preview of the back of card 4

Card 5

Front

Gross profit - expenses

Back

Preview of the back of card 5

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