
Revision Qs (Calculations 20)
Authored by M. Attan
Business
10th Grade
Used 1+ times

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17 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
I have downloaded the Formulae Sheet and have it open to refer to during this quiz.
If you haven't, do it now, you'll need it for this quiz.
Right click on the image and select 'Open in new tab'.
You have two mins to answer this question. Be quick.
Yes
N0
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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
5.
FILL IN THE BLANK QUESTION
2 mins • 2 pts
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.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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
7.
FILL IN THE BLANK QUESTION
2 mins • 2 pts
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.
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