revision cards for Rosa amoah no one else and JOHN UNDERWOOOOOOOOOOD 1.0 / 5 based on 1 rating ? BusinessformulaBTEC NationalEdexcel Created by: TipCreated on: 15-01-18 10:49 Total cash in Total of all inflows 1 of 33 Total cash out Total of all outflows 2 of 33 Net cash flow Total cash in - Total cash out 3 of 33 Opening balance Closing balance from previous month unless stated otherwise 4 of 33 Closing balance Opening balance + Net cash flow 5 of 33 Break even formula Fixed costs/Contribution or Fixed costs/(Selling price - Variable costs) 6 of 33 Break even revenue Break even level of output x selling price 7 of 33 Contribution Selling price - variable cost 8 of 33 Total contribution (Selling price - Variable cost) x Quantity sold 9 of 33 Margin of safety Actual sales - Break even level of output 10 of 33 Revenue Selling price x Quantity 11 of 33 Total variable cost Variable cost x Quantity sold 12 of 33 Total costs Fixed costs + Variable costs 13 of 33 Profit Revenue - Total costs or Total contribution - Fixed costs or Margin of safety x contribution 14 of 33 Costs of goods sold Opening inventories + Purchases - Closing inventories 15 of 33 Gross profit Sales turnover - Cost of goods sold 16 of 33 Net profit (Profit or loss for the year) Gross Profit - Expenses + Other income 17 of 33 Net profit after tax Net profit - Tax 18 of 33 Straight line depreciation (Historic value - Residual value)/Expected life 19 of 33 Reducing balance depreciation Historic value -Depreciation (% figure) 20 of 33 Net current assets/Liabilities (working capital) Current assets - Current liabities 21 of 33 Net assets (Non-current assets + Current assets) - (Current liabilities + Long term liabilities) 22 of 33 Capital employed Owners/Shareholder capital +Retained profit - Drawings 23 of 33 Gross profit margin Gross profit/Revenue x 100 24 of 33 Mark up Gross profit/Cost of sales x 100 25 of 33 Net profit margin Net profit/Cost of sales x 100 26 of 33 Return on capital employed (ROCE) Net profit/Capital employed x 100 27 of 33 Current ratio Current assets/Current liabilities 28 of 33 Liquid capital ratio (Acid test ratio) (Current assets - Inventory)/Current liabilities 29 of 33 Trade receivable days Trade receivables/Credit sales x 365 30 of 33 Trade payable days Trade payable/Credit purchase x 365 31 of 33 Inventory Turnover Average inventory/Cost of sales x 365 32 of 33 Average inventory (Needed for inventory turnover) (Opening inventory + Closing inventory)/2 33 of 33
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