Growth = $$\frac{output\ units\ for\ year\ B - output\ units\ for\ year\ A}{output\ units\ for\ year\ A}$$ x 100

Growth = $$\frac{revenue\ for\ year\ B - revenue\ for\ year\ A}{revenue\ for\ year\ A}$$ x 100

Net present value = $$\sum{(cash\ flow\ per\ year \times discount\ factor)}$$ . Note: Remember to subtract the initial outlay.

Gross profit = Revenue - cost of sales

Operating profit = gross profit - expenses

Gearing ratio = $$\frac{long\ term\ liabilities}{capital\ employed}$$ x 100

Return on capital employed (ROCE)

ROCE = $$\frac{operating\ profit}{capital\ employed}$$ x 100

Labour productivity formula

Labour productivity = $$\frac{output \: per \: period}{number \: of \: employees \: per \: period}$$

Labour turnover formula

Labour turnover = $$\left(\frac{number \: of \: staff \: leaving \: the \: firm \: in \: a \: year}{average \: number \: of \: staff \: during \: the \: year}\right) $$ x 100

Absenteeism = $$\left(\frac{total \: days \: (or \: hours) \: of \: absence \: in \: a \: period}{possible \: total \: days \: (or \: hours) \: that \: could \: have \: been \: worked}\right) \times 100$$

Revenue = Quantity sold \times Price per unit

Price Elasticity of Demand (PED) formula

PED = $$\frac{\% Change in quantity demanded}{\% Change in price}$$

Income Elasticity of Demand (IED) formula

IED = $$\frac{\% Change in quantity demanded}{\% Change in income}$$

% change in demand formula

% change in demand = $$\frac{Change in demand}{Original demand}$$ x 100

% change in price formula

% change in price = $$\frac{Change in price}{Original price}$$ x100

% change in income formula

% change in income = $$\frac{Change in income}{Original income}$$ x 100

Net profit = Operating profit - Interest

Net Assets = Non-current assets + Current assets - Current liabilities - Non-current liabilities

Gross profit margin = $$\frac{Gross profit}{Revenue}$$ x 100

Operating profit margin

Operating profit margin = $$\frac{Operating profit}{Revenue}$$ x 100

Net profit margin (profit for the year)

Net profit margin = $$\frac{Net profit}{Revenue}$$ x 100

Current ratio = $$\frac{Current assets}{Current liabilities}$$

Liquid Capital Ratio (Acid test ratio)

Liquid Capital Ratio = $$\frac{Current assets - Inventory}{Current liabilities}$$

A2 formulae Flashcards Flashcards

Student preview

27 questions

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1.

FLASHCARD QUESTION

Front

Average cost per unit

Back

2.

FLASHCARD QUESTION

Front

% Growth (in units)

Back

3.

FLASHCARD QUESTION

Front

% Growth (in value)

Back

4.

FLASHCARD QUESTION

Front

Payback period (years)

Back

5.

FLASHCARD QUESTION

Front

Average rate of return (%)

Back

6.

FLASHCARD QUESTION

Front

Net present value

Back

7.

FLASHCARD QUESTION

Front

Capital employed

Back

Capital employed

= total equity + non-current liabilities

(Note: total equity and long-term loans)

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