BTEC Business Formulas Study Guide Exam Fully Solved 100% 2024.
Net Cash Flow - Answer Total inflows - total outflows Closing balance - Answer Opening balance + net cash flow Sales revenue - Answer price x quantity sold Variable costs - Answer cost per unit x quantity made Total costs - Answer fixed costs + variable costs Profit - Answer sales revenue - total costs Break even point - Answer Fixed costs / contribution per unit Contribution per unit - Answer Selling price - variable cost per unit Total contribution - Answer Sales revenue - total variable costs Margin of Safety - Answer Actual sales - break even level of output Costs of goods sold - Answer Opening inventory + purchases - closing inventory Gross profit - Answer sales turnover - cost of goods sold
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