Free Printable BTEC Calculations Formula Quiz

1.

Opening Balance = ? from the period before

(a)

2.

What is the formula for net Cash Flow

a)

= Total Cash Outflow - Total Cash Inflow

b)

= Opening Balance - Total Cash Outflows

c)

= Total Cash Inflows - Total Cash Outflows

d)

= Closing Balance + Total Cash Outflows

3.

Closing Balance = ? + Opening Balance

(a)

4.

Break-Even Point = Fixed Costs $\div$ ?

(a)

5.

Contribution Per Unit =

a)

Fixed Costs - Variable Costs

b)

Sales Revenue - Total Variable Costs

c)

Selling Price - Variable Costs Per Unit

6.

Variable costs per unit x quantity =

a)

Total Contribution

b)

Total Variable Costs

c)

Break-Even Point

d)

Total Fixed Costs

7.

Margin of Safety = ? - Break-Even Level of Input

a)

Net Cash Flow

b)

Fixed Costs

c)

Actual Sales

8.

Costs of Goods Sold=

a)

opening inventories x purchase

b)

opening inventories + purchases - closing inventories

c)

opening inventories + sales

d)

opening inventories - closing inventories

9.

Sales turnover = quantity sold x ?

(a)

10.

Gross Profit= ? $-$ Costs of Goods Sold

a)

Net Cash Flow

b)

Opening Inventories

c)

Closing Inventories

d)

Sales Turnover

11.

Profit for the year = Gross Profit - ? + Other Revenue Income

a)

Expenses

b)

Goods Sold

c)

Opening Inventory

12.

Straight Line Depreciation =

$\frac{historic\ value\ -\ residual\ value}{?}$

a)

Expected Life

b)

20

c)

Number of years

d)

cost

13.

Which is NOT a current asset?

a)

Inventory

b)

Cash in the Bank

c)

Overdrafts

d)

Prepayments

14.

Select the 2 current liabilities!

a)

Accurals

b)

Cash in Hand

c)

Inventory

d)

Overdrafts

15.

Non-Current Assets + Current Assets - (Current Liabilities + Long term Liabilities) = ?

a)

Net Assets

b)

Cash Flow

c)

Profit

d)

Total Assets

16.

Gross Profit Margin=

a)

$\frac{gross\ profit}{revenue}$

b)

$\frac{gross\ profit}{revenue\ }\times100$

c)

$\frac{Revenue}{Gross\ \Pr ofit}\times100$

17.

$\frac{Gross\ \Pr ofit}{Cost\ of\ Sales}\times100=$

a)

Net Profit Margin

b)

Breakeven

c)

Mark-Up

18.

$Net\ Ptofit\ M\arg in=\frac{?}{Revenue\ }\times100$

(a)

19.

\frac{net\ profit\ before\ interest\ and\ tax}{capital\ employed}\times100

a)

Return on Capital Employed

b)

Liquid Capital

c)

Current ratio

20.

$\frac{Current\ Assets}{Current\ Liabilities}=$

a)

Liquidity Capital Ratio

b)

Current Ratio

c)

Return on Capital Employed

21.

Acid Test/Liquid Capital Ratio=

a)

$\frac{Current\ Assets\ }{Current\ Liabilities}$

b)

$\frac{Net\ \Pr ofit\ before\ interest\ and\ tax}{Capital\ Employed}\times100$

c)

$\frac{Current\ Assets-Inventory}{Current\ Liabilities}$

22.

$\left(\frac{trade\ receivables}{credit\ sales}\right)\times365$ =

a)

Trade Payable Days

b)

Inventory Turnover

c)

Trade Receivable Days

23.

Trade Payable Days =

a)

$\left(\frac{Trade\ payables}{credit\ purchases}\right)\times365$

b)

$\left(\frac{Trade\ Receivables}{Credit\ Sales}\right)\times365$

c)

$\left(\frac{Average\ Inventory}{Cost\ of\ Sales}\right)\times365$

d)

$\frac{Opening\ Inventory\ +clo\sin g\ inventory}{2}$

24.

Inventory Turnover =

\left(\frac{Average\ Inventory}{Cost\ of\ Sales}\right)\times?

(a)

25.

$\frac{Opening\ Inventory\ +\ Clo\sin g\ Inventory}{2}$ =

a)

Inventory Turnover

b)

Return on Capital Employed

c)

Average Inventory

d)

Trade Payable Days

BTEC Calculations Formula Quiz

Total questions: 25

Worksheet time: 16mins

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