Key Business Formulas
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| Total Revenue | Selling price x quantity sold
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| Total costs | Fixed costs + total variable costs
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| Profit | Total revenue – total costs
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| Break even output | Fixed Costs/Contribution per unit (SP – VC)
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| Contribution per unit | Selling Price per unit – Variable Cost per unit
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| Variable cost per unit | Total variable costs/ Number of units
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| Margin of safety | Actual output – break even output
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| Total contribution | CPU x quantity of units sold
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| Gross Profit | Sales revenue – cost of goods sold (cost of sales)
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| Costs of good sold | Opening inventory + purchases – closing inventory
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| Operating Profit | Gross Profit – Expenses (overheads)
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| Straight line method | Cost – residual value (resale value)/Expected life (years)
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| Net current assets | Current assets - Current liabilities
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| Net assets | Non current assets + net current assets – non current liabilities
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| Total equity | Owners/shareholders capital + retained profit - drawings
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| Fixed Costs | Total Costs – Total Variable Costs
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| Total Variable Costs | Total Costs – Fixed Costs
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| Retained Profit (Profit for end of year) | Net Profit – Tax and Interest
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| Net Cash Flow | Total Cash In – Total Cash Out
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| Closing Balance | Net Cash Flow + Opening Balance
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| Selling Price | Total Revenue/Number of Units Sold
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| Profit | Contribution per unit x Number sold above break even point
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| Budget Variance | Actual Figure – budgeted figure
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| Labour Productivity | Output per time period/Number of employees at work
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| Capacity Utilisation | Actual output x 100/Maximum possible output
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| Absenteeism Rate | Total Number absent per period x 100/Average number employed per period
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| Labour Turnover | Total Number of employees leaving per period x 100/Average number of employees per period
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| Labour Retention Rate | Total number of employees remaining per period x 100/Average number of employees per period
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| Average Rate of Return | Average annual profit* x 100/Investment cost
To work out Average annual Profit = Total Returns – Investment cost/Project life
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| Net Present Value | NPV = Total discounted returns – investment cost
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Created by:
durquhart1
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