WorksheetsN5 Bus Man - Finance
Total questions: 10
Worksheet time: 5mins
Profit before expenses
Profit for year
Gross Profit
Sales Revenue
Income
Cost of raw materials
Production cost
Fixed cost
Expense
Loss
Which of the following are fixed costs
Advertising
Raw materials
Wages
Salaries
Break even is at
total revenue = total income
total cost = total fixed costs
total cost = total variable cost
total revenue = total cost
What is the name of the financial document?
Cash Budget
Statement of Financial Position
Profit Statement
Income Statement
How do you calculate the Profit for the year?
Gross profit less production costs
Sales revenue less production costs
Sales revenue less expenses
Gross profit less expenses
identify the sources of finance that do not need to be repaid
share issue
bank loan
mortgage
grant
Identify the name of this financial statement.
cash flow
income statement
cash budget
bank statement
Which sources of finance has an asset secured against it?
bank loan
hire purchase
grant
mortgage
If the BEP is 50 units and Mrs Thomson sold 45 she would make a profit. True or flase?
True
False
