Business Finance Formula Revision

Quiz
•
Business
•
12th Grade
•
Hard
Emma Bassett
Used 220+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Selling Price x Quantity sold is the formula for
Total Revenue
Total Costs
Profit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Total costs is calculated as
Fixed costs - variable costs
Variable costs + Revenue
Fixed costs + Variable costs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Margin of safety is calculated as
Breakeven + actual sales
Actual sales - breakeven
Contribution x breakeven
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Selling price - Variable Cost per unit is the formula for
Margin of safety
Total contribution
Contribution per unit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Revenue is calculated as
Sales - Cost of goods sold
Unit price x quantity sold
Cost - depreciation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gross profit is calculated as
Cost - depreciation
Revenue - total costs
Revenue - cost of goods sold
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Opening inventory + purchases - closing inventory is the formula for
Cost of goods sold
Inventory turnover
Mark up
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