Cash and Financial Management (CSFT) Lesson 2

In the margin method, what percentage does the sales price always represent?

• 50%

• 75%

• 100%

• 30%

In the mark up method, if the cost of sales is £200 and the mark up percentage is 25%, what is the total sales price?

• £225

• £250

• £275

• £300

If the sales in the final month are 16,000 and the sales in the first month are 10,000, what is the average monthly sales change over 7 months?

• 1,000

• 1,500

• 2,000

• 500

What does the equation (16,000 - 10,000) / (7 - 1) calculate?

• Total sales

• Average monthly sales change

• Sales in the first month

• Sales in the final month

What is the purpose of dividing the difference in sales by the number of 'spaces' between the months?

• To find the total sales

• To forecast the trend

• To calculate the average monthly sales change

• To determine the highest sales month

What does the variable 'y' represent in the formula y = mx + c?

• The number of years since the start

• The forecast amount

• The yearly increase

• The sales in the start year

What does 'x' represent in the formula y = mx + c?

• The forecast amount

• The yearly increase

• The number of years since the start

• The sales in the start year

What is the significance of obtaining information about future prices from relevant personnel?

• To predict market trends

• To ensure data accuracy

• To comply with legal requirements

• To enhance product quality

Why is it important to analyse the average monthly sales change?

• To identify seasonal trends

• To calculate total revenue

• To determine the highest sales month

• To set future sales targets