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Summary: Basics of financial management (business economics 2) $4.86   Add to cart
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Summary: Basics of financial management (business economics 2)

1 review
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  • Course
  • Business economics
  • Institution
  • NHL Stenden Hogeschool (NHL)

Information summary (without exercises) of the book Basics of Financial Management. The summary includes chapters 11, 12, 13 & 14. It contains all information needed to pass business economics 2.

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Document information

  • February 6, 2018
  • 3
  • 2015/2016
  • Summary

Subjects

  • business economics
  • business economics 2
  • be2
  • book keeping
  • management accounting
  • accounting
  • balance sheet
  • be
  • basics of financial management

Written for

  • NHL Stenden Hogeschool (NHL)
  • International Tourism Management
  • Business economics
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1  review

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By: boursalexander • 4 year ago

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Summary business economics 2
© Nathalie Wittendorp




All formulas BE 2
Total costs = fixed costs + variable costs

Break even = F / P – V

Contribution margin = P – V

Safety margin = Actual output – breakeven / Actual output

Full unit costs = Fixed costs / Normal output – Variable costs / Actual output

Output level variance = (A – N) × F / N
Volume variance = (A – N) × F / N

Capacity utilization rate = A / available capacity × 100

Budgeted profit = transaction result – output level variance

Sales revenue = selling price × actual output

Mark-up rate method = indirect / direct costs

Budget variance = (Standard quantity × Standard product) – (Actual quantity × Actual product)

Efficiency volume variance = (Sq – Aq) × Sp

Price variance = (Sp – Ap) × Aq

Applied fixed costs = F / normal output level
fixed costs per product = F / normal output level

Profit = ( F + wanted profit ) / p – v

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