BTEC Level 3 Business: Unit 3 - Personal & Business Finance ALL formulas,100% CORRECT

BTEC Level 3 Business: Unit 3 - Personal & Business Finance ALL formulas Net Cash Flow - CORRECT ANSWER Total Cash Inflow - Total Cash Outflow Closing Balance - CORRECT ANSWER Opening Balance + Net Cash Flow Total Revenue - CORRECT ANSWER Selling Price X Quantity Sold Total Costs - CORRECT ANSWER Fixed Cost + Total Variable Costs Profit - CORRECT ANSWER Total Revenue - Total Costs Total Contribution - CORRECT ANSWER Sales Revenue - Total Variable Costs Contribution (Per Unit) - CORRECT ANSWER Selling Price - Variable Cost (per unit) Profit (Using Contribution) - CORRECT ANSWER Contribution Per Unit x Margin of Safety Break-Even Output - CORRECT ANSWER Total Fixed Costs / Unit Contribution Margin of Safety - CORRECT ANSWER Actual Sales - Break-Even Level of Output Revenue - CORRECT ANSWER Unit Price X Quantity Sold Gross Profit - CORRECT ANSWER Sales Revenue - Cost of Goods Sold Cost of Goods Sold - CORRECT ANSWER Opening Inventory + Purchases - Closing Inventory Profit/Loss of the Year - CORRECT ANSWER Gross Profit - Expenses + Other Income Net Book Value - CORRECT ANSWER Cost - Depreciation Net Current Assets - CORRECT ANSWER Current Assets - Current Liabilities Net Assets - CORRECT ANSWER Non-Current Assets + Net Current Assets - Long Term Liabilities Capital Employed - CORRECT ANSWER Opening Capital + Profit of the Year less drawings Balance Sheet - CORRECT ANSWER Net Assets = Capital Employed Gross Profit Margin - CORRECT ANSWER Gross Profit / Revenue x 100 Mark-Up - CORRECT ANSWER Gross Profit/Cost of Sales x 100 Profit Margin - CORRECT ANSWER Profit/Revenue x 100 Return on Capital Employed - CORRECT ANSWER Profit/Capital Employed x 100 Current Ratio - CORRECT ANSWER Current Assets/ Current Liabilities Liquid Capital 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 Average Inventory Turnover - CORRECT ANSWER Average Inventory /Cost of Sales x 365