Finance Module Quiz

which one of the following is not an ASSET

• Cash and Cash equivallents

• Software

• Plant and equipment

• Insurance

Select ALL operating expenses

• Advertising

• Salaries

• Offices supplies

• Utilities

There are THREE methods of analyzing financials which one is NOT

• Trend Analysis

• Ratio Analysis

• Variance Analysis

• Holistic Analysis

Calculate the TOTAL FIXED COST of Tamu dishes if he pays salary of ksh 10,000 rent of ksh 20,000 cooking ingredients ksh 5,000 and disposable packaging plates of Ksh 2000

• 30,000

• 35,000

• 7,000

• 37,000

Calculate the TOTAL VARIABLE COST of Tamu dishes if he pays salary of ksh 10,000 rent of ksh 20,000 cooking ingredients ksh 5,000 and disposable packaging plates of Ksh 2000

• 30,000

• 35,000

• 7,000

• 37,000

Calculate the TOTAL COST of Tamu dishes if he pays salary of ksh 10,000 rent of ksh 20,000 cooking ingredients ksh 5,000 and disposable packaging plates of Ksh 2000

• 30,000

• 35,000

• 7,000

• 37,000

Tamu dishes has approach you to advice them on the type of financial statements a business should have, state the three financial statements you advice the owner of Tamu dishes to make

Tamu dishes sells a plate of pilau at ksh 250 if they sold 120 plates on MAY and 160 plates in June. Predict the number of plate they would sell in JULY and the TOTAL REVENUE

• 213 plates , ksh 53,332

• 240plates ksh60,000

• 160plates, ksh 40,000

• 250plates, ksh62,500

if a sole proprietorship has gross sales of ksh 1,000,000 which type of tax is it suppose to pay

• VAT

• Withholding tax

• Turnover Tax

• Corporate tax

A business can apply for VAT if and only if its gross sales are

• above ksh 5,000,000

• Below 5,000,000

• I dont know

• Above 10,000,000