4065222
Description
Mind Map by Hannah Watkins, updated more than 1 year ago
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Created by Hannah Watkins
over 8 years ago
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Finance formulae
- Total costs
- Total costs = fixed costs + variable costs
- Total costs = fixed costs + variable costs
- Revenue
- Revenue= number of sales X price per unit
- Revenue= number of sales X price per unit
- profit
- Profit= revenue - expenditure
- Profit= revenue - expenditure
- Gross profit
- Gross profit= Revenue - costs of sales
- Gross profit= Revenue - costs of sales
- Net profit
- net profit= gross profit - expenditure
- net profit= gross profit - expenditure
- Breakeven
- Breakeven= fixed costs/ selling price - variable costs
- Breakeven= fixed costs/ selling price - variable costs
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