Component 1 Formula quiz (Eduqas)

Market Size formula is

• Market size is calculated based on the number of units sold X Price

• Market size is solely dependent on the number of employees

• Market size is determined by analyzing the competition X the selling price

• Market size is determined by market share

What is the Break Even formula?

• TC/SP-VC

• FC/SP-VC

• FC/CPU

• FC/Revenue

Capacity Utilisation is?

• Sales X Selling Price

• Actual Output/Maximum Output X 100

• Maximum Output/Actual Output X 100

• Production X Selling Price

Market Share formula is?

• Total sales in market X Sales of Firm

• Total Sales in market/Total sales of firm X 100

• Total Sales X 100

• Sales of firm/Total sales in market X 100

To calculate percentage change...

• Change / Original X 100

• Original / Change X 100

• Original / Change

• Sales X change

Revenue is called.....

• Sales

• Inventory

• Turnover

• Utilisation

Margin of Safety is....

• Difference between actual or expected profitability and break-even point
• The amount of money a company has in its bank account
• The number of employees in a company
• The total revenue of a company

Net Profit is....

• Gross Profit - Expenses

• Sales - Cost of Sales

• Sales + Cost of Sales

• Gross profit + Expenses

Gross Profit is .......

• the total revenue earned by a company
• the difference between revenue and the cost of goods sold
• the amount of money left after paying all expenses
• the sum of all expenses incurred by a company

Gross Profit Margin formula is....

• (Revenue - Cost of Goods Sold) / (Revenue + Cost of Goods Sold)
• GP / Revenue x 100

• (Cost of Goods Sold - Revenue) / Revenue X 100

• (Revenue + Cost of Goods Sold) / Revenue X 100