The break-even chart below shows details of costs and revenue for a business. At 200 units of output, profit is shown by the distance:

• vw

• vx

• vy

• vz

Which of the following sources of finance is used primarily for short-term uses?

• Debt factoring

• Share capital

• Sale of buildings

• Venture capital

The following data relates to the financial position of Whittaker plc for the 2016–2017 financial year.

• Revenue: £25 750 million

• Dividends paid: £2 655 million

• Gross profit margin: 24.5%

• Net profit margin: 5.6%

Whittaker plc’s gross profit for the 2015–2016 financial year was:

• £1 442.00 million

• £148.68 million

• £650.48 million

• £6 308.75 million

Payables are the value of:

• a firm’s overdraft from its bank

• inventory held by a business

• money owed to a firm by customers

• money owed to suppliers by a business

Which of the following will result in an adverse variance?

• Actual expenditure on fuel lower than in the budget

• Actual raw material costs higher than the budgeted figure

• Sales revenue actually received greater than in the budget

• Budgeted wages less than actual wages

Which one of these sources of finance may involve the payment of a dividend?

• Debt factoring

• Loans

• Overdrafts

• Share capital

A takeaway noodle bar owner believes that she will break-even if she manages to sell 400 takeaway meals per week. The fixed costs of running the bar are £800 per week and each takeaway meal sells for £5. The variable cost per takeaway meal for the owner is

• £4

• £3

• £2.50

• £2

The table shows financial information relating to a business in 2014. Based on the above information, the business’s gross profit for 2014 was

• £180 000

• £100 000

• £70 000

• £20 000

The formula for calculating break-even output is:

• Total Costs/Contribution per unit

• Fixed Costs/Contribution per unit

• Fixed Costs/Total Contribution

• Total Costs - Total Revenue

Which one of the following sources of finance should a business use to solve a cash flow problem?

• a 5 year bank loan

• a mortgage

• an overdraft

• venture capital [1