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WorksheetsBusiness igcse edexcel
Total questions: 17
Worksheet time: 10mins
A Business that breaks even has total revenue of US$5 600 000 and fixed costs of US$2 000 000. Therefore the value of variable cost?
US$ 2 000 000
UD$5 600 000
US$7 600 000
US$3 600 000
A business charges US$25 per unit for its output. Fixed costs are US$1000 000 and variable costs are US$5 per unit. How much should the business produce and sell to break even?
US$ 50 000
Us$20
20 units
50 000 units
A Business breaks even when 5000 Units are produced. If price = US$20 and fixed costs are US$20000, then variable cost per unit is?
US$ 16 per unit
UsS50 per unit
US$ 20 per unit
US$ 4 per unit
An increase in fixed cost will do which of the following?
Shift the break even point to the left
make the total cost function steeper
Shift the break even point to the right
make the total cost function flatter
Wages paid to production workers is an example of which of the following?
Current Asset
Finance cost
Business expense
Cost of sales
A Business has revenue of US$239 500 cost of sales of US$ 154 000 and expenses of US$65 000. therefore, the value of operating profit is?
US$ 20 500
US$ 85 500
US$ 393 500
US$ 239 500
A statement of comprehensive income might be used to do which of the following?
Calculate labour turnover
Help make investment decisions
Measure the value of assets in a business
Calculate the liquidity ratio
Which of the following is a function of profit?
A measure of global economic success
Used to calculate the break even point
Measure of business performance
Measure of labour productivity
Gross profit is equal to which of the following?
Operating profit + Revenue
Revenue - Cost of Sales
Revenue - operating profit
Revenue + Cost of sales
A Business is likely to have sufficient working capital if the current ratio has between which of the following?
0 and 1
1 and 2
1.5 and 2
2 and 3
If Revenue = US$500 000 and operating profit = Us$100 000, the operating profit margin will be ?
20 per cent
10 per cent
5 per cent
500 per cent
The ROCE is given by which formula?
Gross profit / Revenue x 100
Operating profit / Capital Employed x 100
Operating profit / Revenue x 100
Current assets / Current Liabilities
__________________ accounting procedure that checks thoroughly the accuracy of a company's accounts
Reconciliation
Controlling
Auditing
Measuring
The owners of a business may use financial documents to assess a company's?
Current assets
Profitability
Market share
Cash flow position
A bank may use a company's financial documents to help assess?
Labour turnover
Growth potential
Creditworthiness
Product quality
The authenticity of financial documents is checked by?
Suppliers
Shareholders
Auditors
Local authorities
Financial documents might be used to help a business make decisions about which of the following?
Funding
Marketing strategies
Remuneration methods
Effect of changes in exchange rates on the business
