Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
11 Cards in this Set
- Front
- Back
Total Revenue |
Price per unit X quantity of units sold |
|
Total Costs |
Fixed costs/variable costs |
|
Profit |
Total revenue - total costs |
|
Contribution Per Unit |
Selling price - variable costs per unit |
|
Total Contribution |
Contribution Per Unit X Number of items sold |
|
Break even Output |
Fixed Costs/Contribution per unit |
|
Margin of Safety |
Current output - break even output |
|
Net Cash Flow |
Cash inflows - cash outflows |
|
Closing Balance |
Opening balance/net cash flow |
|
Budgets |
These are made up of income budgets (from planned sales) and expenditure budgets (from expenditure to achieve sales) Profit budget is income - expenditure |
|
Market Share |
Sales of one product or brand X 100/total sales in the market |