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;
15 Cards in this Set
- Front
- Back
|
Profit |
Revenue - costs |
|
|
Revenue |
Price (average customer spend) x quantity |
|
|
Gross profit |
Revenue - variable costs |
|
|
Net profit |
Revenue - total costs |
|
|
Gross profit margin |
Gross profit / revenue x 100 |
|
|
Net profit margin |
Net profit / revenue x 100 |
|
|
Return on capital employed |
Net profit / capital invested x 100 |
|
|
Labour turnover |
Number of workers leaving / total number of workers x100 |
|
|
Absenteeism |
Number of workers absent / total number of workers x100 |
|
|
Labour productivity |
Total output / number of workers |
|
|
Unit cost (average cost) |
Total cost / quantity |
|
|
Capacity utilization |
Current output / maximum potential output x 100 |
|
|
Sales variance |
Actual sales - budgeted sales |
|
|
Cost variance |
Budgeted cost - actual cost |
|
|
Profit variance |
Actual profit - budgeted profit |
