# Theme 2 Calculations Flashcards Preview

## Edexcel A Level Business > Theme 2 Calculations > Flashcards

Flashcards in Theme 2 Calculations Deck (24)
1
Q

Net Cash Flow

A

Inflows - Outflows

2
Q

Closing Balance

A

Net Cash Flow + Opening Balance

3
Q

Opening balance

A

Closing balance of previous month

4
Q

Sales Volume

A

Sales Revenue / Price

5
Q

Sales Revenue

A

Quantity sold x Price

6
Q

Total Variable Costs

A

Variable Cost Per Unit x Amount Produced

7
Q

Total Costs

A

Fixed Costs + Total Variable Costs

8
Q

Profit

A

Total Revenue - Total Costs

OR

Margin of safety x contribution per unit

9
Q

Break Even

A

Fixed Costs / Contribution per unit

10
Q

Contribution per Unit

A

Selling Price per unit - Variable Cost per unit

11
Q

Margin of Safety

A

Actual Sales Level - Break even Output

12
Q

Total Contribution

A

Total Revenues - Total Variable Costs

13
Q

Variance

A

Actual Sales - Budgeted Sales

14
Q

Gross Profit

A

Sales Revenue - Cost of Sales

15
Q

Gross Profit Margin

A

Gross Profit / Revenue x 100

16
Q

Operating Profit

A

Gross Profit - Operating Costs

17
Q

Operating Profit Margin

A

Operating Profit / Revenue x 100

18
Q

Profit for the Year (Net Profit)

A

Operating Profit - All other costs

19
Q

Net Profit Margin

A

Net Profit / Revenue x 100

20
Q

Assets

A

Capital + Liabilities

21
Q

Current Ratio

A

Current Assets / Current Liabilities

22
Q

Acid Test Ratio

A

Current Assets - Inventories / Current Liabilities

23
Q

Working Capital

A

Current Assets - Current Liabilities

24
Q

Capacity Utilisation

A

Current Output/Maximum possible output x100
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