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10 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Total costs |
Fixed costs + Variable costs |
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Variable costs |
Cost per unit x Number of units |
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Revenue |
Number of sales x Price per unit |
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Variable costs |
Cost of one unit x Number of units |
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Break even formula |
Fixed costs/ selling price per unit - variable cost per unit |
..../....per unit-....per unit |
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Net inflow/outflow |
= inflows - outflows |
Minus |
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Closing Balance |
Total receipts + Total payments |
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Gross Profit |
Revenue - cost of sales= positive gross profit |
.....-cost of sales |
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Positive net profit |
Hjj
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Net Profit |
Gross Profit - Expenditure |
Gross profit |
