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BTEC Business Formulas Exam 27 Questions with Answers,100% CORRECT

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BTEC Business Formulas Exam 27 Questions with Answers Net Cash Flow - CORRECT ANSWER Total inflows - total outflows Closing balance - CORRECT ANSWER Opening balance + net cash flow Sales re ... venue - CORRECT ANSWER price x quantity sold Variable costs - CORRECT ANSWER cost per unit x quantity made Total costs - CORRECT ANSWER fixed costs + variable costs Profit - CORRECT ANSWER sales revenue - total costs Break even point - CORRECT ANSWER Fixed costs / contribution per unit Contribution per unit - CORRECT ANSWER Selling price - variable cost per unit Total contribution - CORRECT ANSWER Sales revenue - total variable costs Margin of Safety - CORRECT ANSWER Actual sales - break even level of output Costs of goods sold - CORRECT ANSWER Opening inventory + purchases - closing inventory Gross profit - CORRECT ANSWER sales turnover - cost of goods sold Net profit - CORRECT ANSWER gross profit - expenses + other revenue income straight line depreciation - CORRECT ANSWER historic value - residual value / expected life Working Capital - CORRECT ANSWER current assets - current liabilities Net assets - CORRECT ANSWER fixed assets + current assets - (current liabilities + long term liabilities) Capital employed - CORRECT ANSWER owners/shareholders capital + retained profit - drawings Gross profit margin - CORRECT ANSWER Gross profit/sales revenue x 100 Mark-up - CORRECT ANSWER Gross profit / cost of sales x 100 Net profit margin - CORRECT ANSWER net profit/revenue x 100 return on capital employed - CORRECT ANSWER Net profit / capital employed x 100 Current ratio - CORRECT ANSWER current assets / current liabilities Liquidity ratio - CORRECT ANSWER current assets - inventory / current liabilities Trade receivable days - CORRECT ANSWER Trade receivables / credit sales x 365 Trade payable days - CORRECT ANSWER Trade payables / credit purchases x 365 Inventory turnover - CORRECT ANSWER Average inventory / cost of sales x 365 Average turnover - CORRECT ANSWER opening inventory + closing inventory / 2 [Show More]

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