Profit (Using Contribution) - ANSWER Contribution Per Unit x Margin of Safety
Break-Even Output - ANSWER Total Fixed Costs / Unit Contribution
Margin of Safety - ANSWER Actual Sales - Break-Even Level of Output
Revenue - ANSWER Unit Price X Quantity Sold
Gross Profit - ANSWER Sales Revenue - Cost of Goods Sold
Cost of Goods Sold - ANSWER Opening Inventory + Purchases - Closing Inventory
Profit/Loss of the Year - ANSWER Gross Profit - Expenses + Other Income
Net Book Value - ANSWER Cost - Depreciation
Net Current Assets - ANSWER Current Assets - Current Liabilities
Net Assets - ANSWER Non-Current Assets + Net Current Assets - Long Term Liabilities
Capital Employed - ANSWER Opening Capital + Profit of the Year less drawings
Balance Sheet - ANSWER Net Assets = Capital Employed
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