Finance revision edexcel business a level

Working capital is :

• Money needed just to pay workers

• Money for day to day expenses

• Current liabilities - Current assets

• Money paid to shareholders

Credit customers that owe the business money are :

• trade payables

• current liabilities

• non-current liabilities

• trade receivables

Which word is missing (?)

• current ratio = 2

• current ratio = 2.5

• current ratio = 4

• current ratio = 1

• Acid test ratio = 3.2

• Acid test ratio = 4

• Acid test ratio = 2

• Acid test ratio = 1

• variance is 50 adverse

• variance is 550 favourable

• variance is 50 favourable

• variance is 550 adverse

• cost variance = 390 adverse

• cost variance = 30 favourable

• cost variance = 30 adverse

• cost variance = 390 favourable

• profit budget was 430

• profit budget was 90

• profit budget was 30

• profit budget was 70

• profit variance = 50 favourable

• profit variance = 20 favourable

• profit variance = 50 adverse

• profit variance = 20 adverse

Breakeven topic : Which line is the total cost line ? :

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