Calculations for f292
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This document defines key business and economic terms including market share, income elasticity of demand, price elasticity of demand, profit, contribution, total costs, sales revenue, break even point, break even revenue, margin of safety, labor turnover, productivity, wastage, payback period, annual rate of return, net cash flow, closing balance, and variance. It provides the formulas used to calculate each term in 1-2 sentences for quick reference.
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![Calculations for f292
Market share Sales of firm/total market X 100
Income elasticity of % Change Demand/% Change Income
demand Dinky
Price elasticity of % Change Demand/% Change Price
demand Dippy
Profit TR – TC or total contribution – FC
Contribution SP-VC [sp=selling price]
Total Costs (TC) FC+(VC*Q)
Sales Revenue (TR) SP*Q (selling price * quantity)
Break Even point FC/Contribution per unit
Break Even Revenue B.E. Point * selling price
Margin of Safety Production output – B.E. point
Labour Turnover (Number leaving/total number) * 100
Productivity Total output/Number of workers
Wastage (Waste/Total input) *100
Payback Number of complete years + ((what’s left/what’s
available) * 12)
ARR Total revenue for lifetime- cost
Divide number of years
(Profit per year/Cost) *100
Net cash flow Inflow - outflow
Closing Balance Opening balance + inflow – outflow
Variance Actual – budgeted figures](https://image.slidesharecdn.com/calculationsforf292-120516071406-phpapp01/85/Calculations-for-f292-1-320.jpg)
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Calculations for f292
- 1. Calculations for f292 Market share Sales of firm/total market X 100 Income elasticity of % Change Demand/% Change Income demand Dinky Price elasticity of % Change Demand/% Change Price demand Dippy Profit TR – TC or total contribution – FC Contribution SP-VC [sp=selling price] Total Costs (TC) FC+(VC*Q) Sales Revenue (TR) SP*Q (selling price * quantity) Break Even point FC/Contribution per unit Break Even Revenue B.E. Point * selling price Margin of Safety Production output – B.E. point Labour Turnover (Number leaving/total number) * 100 Productivity Total output/Number of workers Wastage (Waste/Total input) *100 Payback Number of complete years + ((what’s left/what’s available) * 12) ARR Total revenue for lifetime- cost Divide number of years (Profit per year/Cost) *100 Net cash flow Inflow - outflow Closing Balance Opening balance + inflow – outflow Variance Actual – budgeted figures