Business Finance Formula Revision

Business Finance Formula Revision

12th Grade

14 Qs

quiz-placeholder

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Business Finance Formula Revision

Business Finance Formula Revision

Assessment

Quiz

Business

12th Grade

Hard

Created by

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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