Key Business Formulas
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | Selling price x quantity sold
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| Total costs | show 🗑
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| show | Total revenue – total costs
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| Break even output | show 🗑
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| show | Selling Price per unit – Variable Cost per unit
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| show | Total variable costs/ Number of units
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| show | Actual output – break even output
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| Total contribution | show 🗑
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| show | Sales revenue – cost of goods sold (cost of sales)
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| show | Opening inventory + purchases – closing inventory
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| show | Gross Profit – Expenses (overheads)
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| show | Cost – residual value (resale value)/Expected life (years)
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| show | Current assets - Current liabilities
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| Net assets | show 🗑
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| Total equity | show 🗑
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| Fixed Costs | show 🗑
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| show | Total Costs – Fixed Costs
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| Retained Profit (Profit for end of year) | show 🗑
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| show | Total Cash In – Total Cash Out
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| Closing Balance | show 🗑
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| Selling Price | show 🗑
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| Profit | show 🗑
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| show | Actual Figure – budgeted figure
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| show | Output per time period/Number of employees at work
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| Capacity Utilisation | show 🗑
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| Absenteeism Rate | show 🗑
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| show | Total Number of employees leaving per period x 100/Average number of employees per period
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| show | Total number of employees remaining per period x 100/Average number of employees per period
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| show | Average annual profit* x 100/Investment cost
To work out Average annual Profit = Total Returns – Investment cost/Project life
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| show | NPV = Total discounted returns – investment cost
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
durquhart1
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