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Business A Level Formulas
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Terms in this set (34)
Market Share
Sales of a product / total market sales x 100
PED
% change in quantity demanded / % change in price
YED
% change in quantity demanded / % change in income
Equilibrium Price
Point at which supply and demand curves cross on a graph
Sales Volume
Total number of units sold over a period of time
Sales Revenue
Number of units sold x unit price
Total VC
Number of units sold x variable cost per unit
TC
Fixed costs + variable costs
Break even
Fixed costs / Contribution per unit
Contribution per unit
Selling price per unit - variable costs per unit
Margin of Safety
Predicted Sales - Breakeven Sales
Budget Variance
Actual - Budget
Better than budget
Favourable Variance
Worse than budget
Adverse Variance
Net cash flow
Inflows - Outflows
Cost of sales
The direct costs of generating revenue eg raw materials, stock
Gross Profit
Sales revenue - cost of sales
Operating Profit
Gross Profit - Expenses
Net Profit
Operating Profit +/- cost of finance
Gross Profit Margin
Gross Profit / Sales Revenue x 100
Operating Profit Margin
Operating Profit / Sales Revenue x 100
Net Profit Margin
Profit for the Year / Sales Revenue x 100
Net Assets
Total Equity
Net Assets
Non Current Assets + Current Assets - Current Liabilities - Non Current Liabilities
Total Equity
Share Capital + Retained Profit
Current Ratio
Current assets / current liabilities
Acid test Ratio
Current assets - stock / current liabilities
Labour Productivity
Output per period (units) / Number of employees in that period
Capacity Utilisation
Actual level of output / Max possible output x 100
ROCE
Operating Profit / Capital Employee x 100
Capital Employed
Total Equity + Long-term liabilities
Gearing
Long term Liabilities / Capital Employed x 100
Labour Turnover
Number of staff leaving in a year / average number of staff during the year x 100
Absenteeism
Total days of absence in time period / Possible total hours that could have been worked in a time period x 100
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