Edexcel Business As Level: Calculations Already Passed

Total costs {Ans: = Fixed costs + Total variable costs}Gross profit margin {Ans: = (Gross profit / Revenue) x 100}Operating profit {Ans: = Gross profit - Expenses}Total contribution (knowing unit contribution) {Ans: = Unit contribution x Quantity}Cost of sales {Ans: = Opening stock + Purchases - Closing stock}Acid test ratio {Ans: = (Current assets - Inventories) / Current liabilities}Profit for the year (net profit) after tax {Ans: = Profit for the year (net profit) - Tax}Market share {Ans: = (Sales of a product or business / Total market sales) x 100}To exchange foreign currency into GBP {Ans: = Foreign currency / exchange rate}Closing balance {Ans: = Opening balance + Net cash flow}Income elasticity of demand {Ans: = Percentage change in quantity demanded / Percentage change in income}Profit {Ans: = Revenue - Total costs}Margin of safety {Ans: = Output - Breakeven}Net cash flow {Ans: = Inflows - Outflows}Net assets {Ans: = Total assets - Total liabilities}Percentage change {Ans: = (Difference / Original) x 100}Price elasticity of demand {Ans: = Percentage change in quantity demanded / Percentage change in price}To exchange GBP into foreign currency