33 Cards in this Set
| Front | Back |
|---|---|
|
Net Income
|
R-E
|
|
TA =
|
TL + TOE
|
|
End RE
|
Beg. RE + NI = avail. - div. declared
|
|
End Cash
|
Beg. cash + receipts - disbursements
|
|
End A/R
|
Beg A/R + credit sales = A/R avail. - collections
|
|
Expense
|
debit
|
|
Revenue
|
Credit
|
|
Owners Equity
|
Credit
|
|
deferral
|
cash leads, cash transaction precedes the accrual recognition
|
|
Def. exp
|
asset
|
|
def. liability
|
revenue
|
|
def. depreciation expense (E)
|
accumulated depreciation (XA)
|
|
accruals
|
cash lags, accrual recognition precedes cash transaction
|
|
accr. expense
|
liability
|
|
acc. asset
|
revenue
|
|
total costs =
|
TFC + b(variable cost/unit)(#units)
|
|
predetermined OHD rate
|
estimated overhead / direct labor cost
|
|
CM/unit
|
unit sp - unit var. cost
|
|
break-even point in units
|
FC / CM/unit
|
|
break-even in dollars
|
FC / CM ratio
|
|
CM ratio
|
CM/unit / unit sp
|
|
required sales in units
|
FC + target NI) / CM/unit
|
|
required sales in $
|
(FC+target NI)/ CM ratio
|
|
margin of safety in $
|
actual sales - break-even sales
|
|
margin of safety ratio
|
margin of safety / actual sales
|
|
break even point in units for weighted avg.
|
FC / weighted average CM
|
|
weighted average unit CM
|
unit cm x sales mix % + unit cm x sales mix %
|
|
target selling price / unit
|
total unit cost + (total unit cost x markup %)
|
|
minimum transfer price
|
variable cost + opportunity cost
|
|
Production budget
|
budgeted sales units + desired ending FG - desired beg. FG = required production units
|
|
DM budget
|
DM required for production + desired ending DM units - beg. dm units = required DM units to be purchased
|
|
DL Budget
|
units to be produced x dl time/ unit x dl cost/ hour
|
|
Cash budget
|
Beg. cash balance + receipts - disbursments
|
BUSI 101: Notes