Year 11 Business exam / revision

Complete the diagram by writing the name of the missing documents in box 3 only

• Statement of account (SOA)

• Invoice

• Receipt

State which method of payment would be the most efficient for paying this bill.

State why the chosen method would be the most efficient.

Jasmina wants to improve the way she controls her spending. She needs to calculate her annual total costs. State the formula used to calculate total cost.

Using the data, calculate the total costs for the year for JSG Ltd. Show your workings.

Complete the purchase order form for Daffodil bulbs by calculating the total price, subtotal, discount, and total amount.

• Total price for Daffodil bulbs

• Subtotal

• Discount (5%)

• Total amount

Jasmina has been checking the financial performance of her business for the last year. She wants you to calculate her gross profit. Calculate the gross profit from the data provided. Show your workings.

Explain one way Jasmina could improve her gross profit.

Jasmina wants to know how well her enterprise has been performing. She has identified the following problem in her previous years' financial statements: Retained profit has decreased from £4,284 in 2016 to £1,378 in 2017. Explain two actions Jasmina could take to improve the enterprise's retained profit figure.

Jasmina believes carrying out targeted advertising would help inform potential business customers about her services. She asks your advice about the two basic aspects of advertising. State the meaning of the two basic aspects of advertising.