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Edexcel a level business formulas
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Terms in this set (28)
% mark up
(Difference in price/original cost) X 100
% change
((New value - old value)/old value) X 100
Price elasticity of demand (PED)
% change in quantity demanded/% change in price
Income elasticity of demand (YED)
% change in quantity demanded/% change in income
net cash flow
cash inflows - cash outflows
opening balance
cash balance at the start of the month
closing balance
opening balance + net cash flow
sales revenue
selling price X quantity sold
total variable costs
variable cost per unit X quantity sold
total costs
fixed costs + variable costs
profit
total revenue - total costs
break even output
fixed costs/contribution per unit
contribution per unit
selling price per item - variable cost per item
total contribution
contribution per unit X quantity sold
margin of safety
actual output - break even ouput
profit
contribution - fixed costs
budget variance
budget amount - actual amount
gross profit
sales revenue - cost of sales
gross profit margin
(gross profit/revenue) X 100
operating (net) profit
gross profit - (fixed costs+variable costs)
operating profit margin
(operating profit/revenue) X 100
net capital employed
non-current liabilities + equity
current ratio
current assets/current liabilities
acid test (quick ratio)
(current assets - stock)/current liabilities
labour productivity
output/number of employees
labour turnover
number of employees leaving/total number of employees X 100
average cost per unit
total production costs/total output
actual output/maximum possible output X 100
capacity utilisation
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