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   <channel>
      <title>Finance  by Shannon Robinson</title>
      <link>https://padlet.com/shannon1111/vou4oo1jqjg8</link>
      <description>Formula</description>
      <language>en-us</language>
      <pubDate>2017-05-24 08:04:31 UTC</pubDate>
      <lastBuildDate>2017-05-24 09:10:49 UTC</lastBuildDate>
      <webMaster>hello@padlet.com</webMaster>
      <image>
         <url>https://padlet-assets.s3.amazonaws.com/icons/Hotsun.png</url>
      </image>
      <item>
         <title>Vat = 20%</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173568895</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:10:14 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173568895</guid>
      </item>
      <item>
         <title>( ) = shows a negative balance </title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173569025</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:11:24 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173569025</guid>
      </item>
      <item>
         <title>Closing balance =</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173569063</link>
         <description><![CDATA[<div>opening balances+cash inflows-cash outflows= closing balance </div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:11:43 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173569063</guid>
      </item>
      <item>
         <title>Outflows/Payments</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173569130</link>
         <description><![CDATA[<div>-Cash purchase<br>-Credit purchases<br>-Purchase of assets<br>-Value added tax<br>-Bank interest paid<br>-Rent<br>-Rates<br>-Salaries<br>-Wages<br>-Utilities</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:12:19 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173569130</guid>
      </item>
      <item>
         <title>Inflows/Receipts</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173569332</link>
         <description><![CDATA[<div>-Cash sales<br>-Credit sales<br>-Loans<br>-Capital introduced<br>-Sale of assets<br>-Bank interest recieved</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:13:39 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173569332</guid>
      </item>
      <item>
         <title>Total costs</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173569426</link>
         <description><![CDATA[<div>fixed costs+variable costs</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:14:19 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173569426</guid>
      </item>
      <item>
         <title>Break-even=</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173569481</link>
         <description><![CDATA[<div>total revenue-total costs </div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:14:46 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173569481</guid>
      </item>
      <item>
         <title>Break-even point=</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173569564</link>
         <description><![CDATA[<div>Fixed costs<br>_____________<br>Contribution per unit</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:15:19 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173569564</guid>
      </item>
      <item>
         <title>Profit</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173571075</link>
         <description><![CDATA[<div>Total revenue - total costs<br>or&nbsp;<br>Total contribution - fixed costs </div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:26:48 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173571075</guid>
      </item>
      <item>
         <title>Variable costs=</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173571162</link>
         <description><![CDATA[<div>Variable cost per unit x number of units sold</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:27:20 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173571162</guid>
      </item>
      <item>
         <title>Total revenue (Sales revenue or Turnover)</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173571237</link>
         <description><![CDATA[<div>Selling price per unit x Number of units sold</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:27:45 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173571237</guid>
      </item>
      <item>
         <title>Market share (%)</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173571526</link>
         <description><![CDATA[<div>Sales of one product or brand or business<br>______________________<br>Total sales in the market<br>x100</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:29:53 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173571526</guid>
      </item>
      <item>
         <title>Price elasticity of demand=</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173571599</link>
         <description><![CDATA[<div>Percentage change in quantity demand&nbsp;<br>______________________<br>Percentage change price&nbsp;<br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:30:27 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173571599</guid>
      </item>
      <item>
         <title>Added value/Value added</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173572129</link>
         <description><![CDATA[<div>Sales revenue-costs of bought in goods and services </div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:33:46 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173572129</guid>
      </item>
      <item>
         <title>Return on investment %</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173572246</link>
         <description><![CDATA[<div>Return on investment<br>______________________<br>Cost of the investment<br>x100</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:34:19 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173572246</guid>
      </item>
      <item>
         <title>Gross profit</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173572329</link>
         <description><![CDATA[<div>Sales revenue - cost of sales</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:34:44 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173572329</guid>
      </item>
      <item>
         <title>Contribuition per unit</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173572379</link>
         <description><![CDATA[<div>Contribuition per unit x units produced or sold<br>OR<br>Total contribuition= Total revenue - Total variable costs</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:35:03 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173572379</guid>
      </item>
      <item>
         <title>Margin of safety</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173572494</link>
         <description><![CDATA[<div>Actual level of output<br>- Breakeven level of output</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:35:46 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173572494</guid>
      </item>
      <item>
         <title>Gross profit margin (%)</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173572560</link>
         <description><![CDATA[<div>Gross profit<br>______________________Sales revenue<br>x100</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:36:04 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173572560</guid>
      </item>
      <item>
         <title>Profit for year margin</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173572637</link>
         <description><![CDATA[<div>Profit for year<br>______________________<br>Sales revenue<br>x100</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:36:39 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173572637</guid>
      </item>
      <item>
         <title>Employee costs as a percentage of turnover</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173572696</link>
         <description><![CDATA[<div>employee costs<br>______________________Sales turnover<br>x100</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:37:00 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173572696</guid>
      </item>
      <item>
         <title>ROCE</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173572795</link>
         <description><![CDATA[<div>net profit before interest and tax<br>______________________Capital employed<br>x100</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:37:29 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173572795</guid>
      </item>
      <item>
         <title>Current ratio</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173573074</link>
         <description><![CDATA[<div>Current assets<br>______________________Current liabilities </div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:39:07 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173573074</guid>
      </item>
      <item>
         <title>Liquid capital ratio</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173573154</link>
         <description><![CDATA[<div>Current assets-inventory<br>______________________current liabilities</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:39:30 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173573154</guid>
      </item>
      <item>
         <title>Trade receivable days</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173573276</link>
         <description><![CDATA[<div>(Trade recievables)<br>__________________<br>(Credit sales)     x365</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:40:05 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173573276</guid>
      </item>
      <item>
         <title>Trade payable days</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173573370</link>
         <description><![CDATA[<div>(trade payables)<br>________________<br>(credit purchases) x365</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:40:41 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173573370</guid>
      </item>
      <item>
         <title>inventory turnover</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173573431</link>
         <description><![CDATA[<div>Average inventory<br>___________________<br>cost of sales x365</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:41:09 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173573431</guid>
      </item>
      <item>
         <title>Average inventory</title>
         <author>shannon1111</author>
         <link>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173573637</link>
         <description><![CDATA[<div>opening inventory+closing inventory<br>______________________________<br>                      </div>]]></description>
         <enclosure url="" />
         <pubDate>2017-05-24 08:42:53 UTC</pubDate>
         <guid>https://padlet.com/shannon1111/vou4oo1jqjg8/wish/173573637</guid>
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