Business calculation quiz

Business calculation quiz

10th - 12th Grade

22 Qs

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Business calculation quiz

Business calculation quiz

Assessment

Quiz

Business

10th - 12th Grade

Practice Problem

Medium

Created by

Conor Sutton

Used 15+ times

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22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Cash inflows = £50,000

Cash outflows = £20,000

Opening balance £5,000

Net cash flow = ???

£35,000

£70,000

£25,000

£30,000

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Cash inflows = £80,000

Cash outflows = £70,000

Opening balance £25,000

Net cash flow = ???

£105,000

£10,000

£150,000

£35,000

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

September cash flows:

Cash inflows = £20,000

Cash outflows = £10,000

Opening balance £10,000

Closing balance = ???

£10,000

£30,000

£20,000

£40,000

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

October cash flows:

Cash inflows = £40,000

Cash outflows = £30,000

Net cash flows = £10,000

Opening balance £5,000

Closing balance = £15,000

November opening balance = ???

£20,000

£40,000

£10,000

£15,000

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Units sold = 300

Fixed costs = £5,000

Variable costs per unit = £2.00

Total costs = ???

£4400

£5600

£5300

£5002

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Units sold = 500

Price per unit = £3.00

Variable costs per unit = £1.00

Fixed costs = £500

Total sales revenue = ???

£3500

£500

£1000

£1500

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Units sold = 500

Price per unit = £3.00

Variable costs per unit = £1.00

Fixed costs = £500

Total variable costs = ???

£500

£1000

£1500

£2000

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