Revision Qs (Calculations 20)

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• Yes

• N0

Which one of the following is used to calculate net cash flow?

• Total cash inflow - total cash outflow

• Total cash inflow + total cash outflow

• Opening balance - closing balance

• Opening balance + closing balance

An Italian drumming school has agreed that TADS (UK based music business) can teach five lessons per week. Each lesson costs £15 for half an hour. The exchange rate in January 2019 was £1 = €1.15. What will the Italian drumming school pay in euros (€) for these five lessons?

• €5.75

• €15.00

• €75.00

• €86.25

In May 2019 the exchange rate was £1 = €1.05. TADS (UK based music business) continued to provide the Italian drumming school with five lessons a week.

What effect would this change in the exchange rate have on the Italian drumming school?

• A decrease in cash outflows

• An increase in import costs

• A decrease in revenue

• An increase in the internet costs

TADS buys a drum kit for £190 and sells it for £350.

Calculate, to two decimal places, the mark up on this drum kit.

You are advised to keep evidence of your working in your note book.

Figure 3 shows part of a cash flow forecast for Emirates.

Calculate the net cash, in billions, flow for June 2017.

• -4

• 4

• 56

• -56

The minimum wage in the UK is £7.70. The UK Government is looking to increase this by 2.5%. Calculate, to two decimal places, the new minimum wage after an increase of 2.5%. You are advised to keep evidence of your working in your note book.

Loaf charges £165 for its day-long 'Seafood Masterclass' course. The cost to Loaf of running this course is £66. What mark up has Loaf applied to this course?

• 99%

• 150%

• 231%

• 250%

Loaf is offering some Japanese students the opportunity to take part in a two-hour 'Bao and Dumplings' course.

The course will cost £65. The exchange rate is £1 (Pound) = 148.86 JPY (Japanese Yen).

Which one of the following amounts would a student pay for this course in Yen?

• 65.00 JPY

• 148.86 JPY

• 9 620.00 JPY

• 9 675.00 JPY

Tom Baker is looking to increase his profits so Loaf can support more local projects. The revenue from his pop-up events in 2016 was £23 546. In 2017 this increased by 3%.

Calculate, to two decimal places, the revenue for 2017.

Do not include £ symbol in your answer.

You are advised to keep evidence of your working in your note book.