Xmas quiz Year 13

If the level of output is 500 and the break-even output is 550, What is the Margin of safety?

• 5

• -50

• 50

• 500

Net profit = Gross profit - ?

• Cost of sales

• Expenses

• Depreciation

• Inventory

This is where consumers can turn if they have an unresolved complaint about the service they have received from a financial services orvider.

• Financial Conduct Authority

• Financial Ombudsman Service

• Bank of England

• The Chancellor of the Exchequer

A charitable organisation providing personalised, free, confidential and impartial advice on aa variety of financial and non-financial issues.

• Independent Financial Advisers

• The Money Advice Service

• Price comparison websites

• Citizens Advice

This is a type of revenue income.

• Loan

• Shares

• Rent received

• Debentures

Which of these is not an example of capital expenditure?

• Purchasing a vehicle

• Redecorating an office

• Wages

• Building a factory extension

Which of the following is an external source of finance

• Venture capital

• Retained profit

• The bank of mum and dad

• Sale of assets

Which of the following is an internal source of finance

• Loans

• Debt factoring

• net current assets

• Donations

Break-even point is were Total revenue = ?

• Fixed costs

• Variable costs

• Total costs

• Minimal costs

The formula for the ROCE is:

Net profit before interest and tax divided by ? X 100

• Gross profit

• Total revenue

• Capital employed

• Current assets