Business Finance - Unit

Business Finance - Unit

11th Grade

30 Qs

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Business Finance - Unit

Business Finance - Unit

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Laura Urban

Used 1+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the equation for Total revenue in Break-even analysis?

Selling price x quantity sold

Fixed cost x quantity sold

Variable cost + Fixed cost

Selling price - Variable cost

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the equation for Total costs in Break-even analysis?

Fixed costs + total variable costs

Fixed costs - total variable costs

Total variable costs - fixed costs

Fixed costs x total variable costs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the equation for Profit in Break-even analysis?

Total revenue – total costs

Total costs – total revenue

Total revenue + total costs

Total costs / total revenue

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the equation for Total contribution in Break-even analysis?

Sales revenue – total variable costs

Total fixed costs – total variable costs

Sales revenue – total fixed costs

Total costs – total variable costs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the equation for Contribution (per unit) in Break-even analysis?

Selling price – variable costs per unit

Fixed costs + variable costs per unit

Selling price + fixed costs per unit

Variable costs per unit – selling price

6.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the equation for Profit (using contribution) in Break-even analysis?

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7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the equation for Break even point in Break-even analysis?

Fixed costs / (selling price – variable costs) or Fixed costs / contribution per unit

Variable costs / (selling price – fixed costs)

Total revenue / total costs

Selling price / variable costs

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