Financial acumen

What does EBITDAR stand for?

• Earnings before Interest, taxes, devaluation, Amex and roadworks

• Earnings before Interest, taxes, depreciation, amortisation and rent costs

How is Gross Profit calculated?

• Sales - cost of sales / revenue

• Cost of sales - sales / revenue

• Revenue - sales / cost of goods

• Sales - cost of goods

What is GPLW?

• Gross profit less waste

• General profits less wages

• General profits less waste

• Gross Profit less Wages

What is the correct % sales Growth. This years sales = £32k Last year sales = £30k

• 2.7%

• 4%

• 6.66%

• 5.25%

On the P&L what is a fixed cost?

• Disposables, chemicals, printing & stationary

• All stock costs required to make sales

• Insurance, rents & business rates

• All overheads are classed as fixed as we account them monthly

What are the approval limits for Repair & Maintenace?

• UBM £350, SFM £500, SOM £1000, ROD £5000

• UBM £350, SOM £1500, ROD £10000

• UBM £350, SOM £1000, ROD £5000, Estate Manager £30k

• UBM £350, SFM £759, SOM £1000, ROD £5000

What is the blue book used for?

• My view & holiday details

• Instruction on how to implement control activities

• Stock controls

• An overview of financial controls?

How many control cycles are there?

• 25

• 9

• 6

• 5

What is the green book used for?

• Payroll instructions

• Instruction on how to implement control activities

• Stock controls

• An overview of financial controls

On the P&L what is a variable cost?

• We don’t have variable costs

• Disposables, chemicals, printing & stationary

• Insurance, rents and business rates

• All overheads are classed as variable as they can be different values