unit 2 finance revision edexcel business A level

Front

In a cashflow forecast table, Net cash flow =

Back

total inflows - total outflows

Front

The opening balance for January 2021? Options: total inflows - total outflows for January 2021, the closing balance from February 2021, the closing balance from December 2021, the closing balance from December 2020

Back

the closing balance from December 2020

Front

unit contribution =

Back

selling price - variable cost per unit

Front

Fixed costs = £ 8000 per month, unit contribution = 4, therefore :

Back

breakeven = 2000 units

Front

Budgeted costs were £2500, Actual costs were £2300, therefore:

Back

the cost variance is favourable

Front

The numbers needed to calculate profit ratios are in the: Statement of Financial Position, Statement of Consolidated Income, Cashflow forecast

Back

Statement of Consolidated Income

Front

Liquidity topic :
Current assets = £ 3600
Current liabilities = £ 1800
therefore :

Back

current ratio = 2

Front

Sales revenue = £ 15000
Cost of sales = £ 9000
The gross profit margin =

Back

40%

Front

Acid test ratio =

Back

(current assets - inventory) / current liabilities

Front

The numbers needed to do both liquidity ratios are shown in the Statement of

Back

Financial Position