Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key


Play button


Play button




Click to flip

11 Cards in this Set

  • Front
  • Back

Total Revenue

Price per unit X quantity of units sold

Total Costs

Fixed costs/variable costs


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


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