Financial Concepts Quiz
Authored by Miranda Hazell
Mathematics
12th Grade
Used 1+ times
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28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating Gross Profit Margin according to the formula sheet?
Gross Profit/Revenue x 100
Gross Profit/Cost of Sales x 100
Profit/Revenue x 100
Sales Revenue - Cost of Goods Sold
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the Break-Even Output determined?
Total Fixed Costs / Unit Contribution
Total Revenue - Total Costs
Selling Price x Quantity Sold
Total Fixed Costs + Total Variable Costs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which equation correctly represents the Current Ratio?
Current Assets / Current Liabilities
Current Assets - Inventory / Current Liabilities
Trade Receivables / Credit Sales x 365
Net Current Assets / Capital Employed
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Profit Margin formula calculate?
Profit/Revenue x 100
Gross Profit/Revenue x 100
Profit/Capital Employed x 100
Sales Revenue - Cost of Goods Sold
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating Net Profit Margin?
Net Profit / Revenue x 100
Net Profit / Gross Profit x 100
Revenue / Net Profit x 100
Cost of Goods Sold / Net Profit x 100
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is Return on Investment (ROI) calculated?
(Net Profit / Investment) x 100
(Gross Profit / Investment) x 100
(Revenue / Net Profit) x 100
(Investment / Net Profit) x 100
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which formula correctly calculates the Inventory Turnover Ratio?
Cost of Goods Sold / Average Inventory
Total Sales / Average Inventory
Average Inventory / Cost of Goods Sold
Net Sales / Cost of Goods Sold
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