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WorksheetsBusiness Calculations Gap Map
Total questions: 10
Worksheet time: 9mins
The table above gives information about Business A. Based on this information, Business A's total fixed costs are:
£10,000
£30,000
£40,000
£70,000
The line with a value of £50,000 at an output of 3,000 units is called:
Total revenue
Total costs
Fixed costs
Total variable costs
With reference to the break even diagram, Business Y's break even point is:
700 units
1,000 units
2,000 units
3,000 units
A small business takes out a bank loan of £7,000. The loan will be repaid over 5 years, with a monthly repayment of £125. The total interest the business will pay for this loan as a percentage of the total amount borrowed is:
6.67%
7.14%
93.33%
98.25%
Which of the following is the correct formula to calculate total sales revenue?
Selling price per unit x output sold
Total fixed costs + total variable costs
Unit cost x output
Total inflows - total outflows
The graph above shows the number of customers that visited a hairdressing business during one trading week. The average sales price per customer is £30. Based on this information, the business's average daily trading revenue to the nearest £ is:
£43
£909
£1,272
£6,360
Last year, a business made £300,000 profit from sales revenue of £750,000. Its total variable costs equalled £125,000. The value of the business's fixed costs was:
£175,000
£325,000
£450,000
£625,000
A business takes out a bank loan of £15,000. The loan will be repaid over 3 years, with a monthly repayment of £500. The total interest the business will pay for this loan is:
£1,500
£3,000
£15,500
£18,000
An extract from a business's cash flow forecast from March is shown above. Based on this information, the opening balance for April will be:
(£4,333)
(£14,333)
£109, 641
£119,641
An extract from a business's cash flow forecast for June and July is shown in the table above. Based on this information, the closing balance for July will be:
£98,000
£150,000
£174,000
£320,000
