BTEC Level 3 Business: Unit 3 -
Personal & Business Finance ALL
formulas!
Net Cash Flow - answerTotal Cash Inflow - Total Cash Outflow
Closing Balance - answerOpening Balance + Net Cash Flow
Total Revenue - answerSelling Price X Quantity Sold
Total Costs - answerFixed Cost + Total Variable Costs
Profit - answerTotal Revenue - Total Costs
Total Contribution - answerSales Revenue - Total Variable Costs
Contribution (Per Unit) - answerSelling Price - Variable Cost (per unit)
Profit (Using Contribution) - answerContribution Per Unit x Margin of Safety
Break-Even Output - answerTotal Fixed Costs / Unit Contribution
Margin of Safety - answerActual Sales - Break-Even Level of Output
Revenue - answerUnit Price X Quantity Sold
Gross Profit - answerSales Revenue - Cost of Goods Sold
Cost of Goods Sold - answerOpening Inventory + Purchases - Closing Inventory
Profit/Loss of the Year - answerGross Profit - Expenses + Other Income
Net Book Value - answerCost - Depreciation
Net Current Assets - answerCurrent Assets - Current Liabilities
