Finance modular

When was sinapis started in Kenya

• 2010

• 2011

• 2005

• 2016

Which one is not a fixed cost or variable cost

• Advertising

• Packaging

• Rent

• Production Machine

Which account statement show the total value of a company/business

• Financial position

• Income statement

• Cashflow

• Statement of changes in equity

Which financial statement shows changes in operating activities

• Cashflow

• Financial statement

• Income statement

• Statement of changes in equity

Which one is true about statement of financial position

• Assets = Capital + liability

• Capital = Assets + liability

• Capital + Liability = Assets

• None of the above

If start a business with a capital of ksh 10,000 which account will you debit and credit

• Debit - Cash ∆ Credit -Capital

• Debit - Bank ∆ Credit - Sales

• Debit - Sales ∆ Credit -Capital

• None of the above

Maroo an entrepreneur bought 6,000 bottles of water at ksh 18, He package each at a cost of ksh 5. If he sold one bottle at Ksh 30 and his rent is ksh 3000. Calculate the profit

• Ksh 141,000

• Ksh 180,000

• Ksh 39000

• Ksh 25,000

Networking capital =

• = Account Receivable + inventory

• = (Account Receivable + inventory) - Account payables

• = (Account Payables + inventory) - Account receivable

• = Account receivable - Account payable

COGS is ksh 5,000,000

Inventory days 15days

Days in period 365

Calculate the inventory withheld

• 205,480

• 75,000

• 121,666

• 205,479

ATM in full is