revision cards for Rosa amoah no one else and JOHN UNDERWOOOOOOOOOOD

  • Created by: Tip
  • Created 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

Other cards in this set

Card 2

Front

Total of all outflows

Back

Total cash out

Card 3

Front

Total cash in - Total cash out

Back

Preview of the back of card 3

Card 4

Front

Closing balance from previous month unless stated otherwise

Back

Preview of the back of card 4

Card 5

Front

Opening balance + Net cash flow

Back

Preview of the back of card 5
View more cards

Comments

Rosa.Amoah

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Cheez this is sickkkk bruv

Rosa.Amoah

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wo this is sooooo helpful

Rosa.Amoah

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Yo this rah helped me pass my exam

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