Key Calculations (Junior Cert Business Studies): Flashcards
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Net cash formula
Net cash formula
Total income - total expenditure
Closing cash formula
Closing cash formula
Opening cash + net cash
Simple interest formula
Simple interest formula
Original amt × (interest rate ÷ 100)
Compound interest formula
Compound interest formula
Balance at start of year × (interest rate ÷ 100)
Total premium calculation
Total premium calculation
Basic premium + loadings - discounts
Average clause formula
Average clause formula
(Amt insured ÷ actual value) × loss amt
Gross pay components
Gross pay components
Basic pay + overtime + commission + bonuses
Net pay formula
Net pay formula
Gross pay - deductions
Gross profit formula
Gross profit formula
Sales revenue - cost of sales
Markup vs margin: which base for each
Markup vs margin: which base for each
Markup uses cost price, margin uses selling price
Working capital formula
Working capital formula
Current assets - current liabilities
Stock turnover formula
Stock turnover formula
Cost of sales ÷ average stock
Why stock excluded from acid test ratio
Why stock excluded from acid test ratio
Stock not always easy to convert to cash quickly
Rate of inflation formula
Rate of inflation formula
(Current cost - prev cost) ÷ prev cost × 100
Economic growth rate formula
Economic growth rate formula
(Current output - prev output) ÷ prev output × 100