WorksheetsBTEC Component 3
Total questions: 26
Worksheet time: 13mins
Sales revenue is a ???
Opening balance
Cash outflow
Net cash flow
Cash inflow
Paying a salary to employees = ???
Cash outflow
Net cash flow
Cash inflow
Closing balance
Where do you get your opening balance from ??
The cash inflow from the previous month
The net cash flow from the previous month
The closing balance from the next month
The closing balance from the previous month
Which one if not a type of market segmentation?
Demographic
Psychographic
Geographical
Public Relations
Behavioural
Gross profit = ???
Sales revenue x cost of sales
Sales revenue - cost of sales
Sales revenue + cost of sales
Sales revenue / cost of sales
What is the break even formula???
Fixed costs + (selling price per unit - variable costs per unit)
Fixed costs x (selling price per unit - variable costs per unit)
Fixed costs / (selling price per unit + variable costs per unit)
Fixed costs / (selling price per unit - variable costs per unit)
Things that an enterprise owns for more than 1 year = ???
Long term liabilities
Current assets
Current liabilities
Fixed assets
Example of a current asset = ???
Vehicles
Bank loan
Trade debtors
Creditors
Example of a current liability = ???
Bank overdraft
Mortgage
Cash in the bank
Raw materials
Long term liability = ???
Machinery
Computer equipment
Bank overdraft
Bank loan
Source of internal finance = ???
Crowdfunding
Bank loan
Retained profit
Leasing
What is the formula for total costs = ???
Fixed costs / variable costs
Fixed costs x variable costs
Fixed costs + variable costs
Fixed costs - variable costs
Gross profit margin = ???
Gross profit - Sales revenue x 100
Gross profit + Sales revenue x 100
Gross profit x Sales revenue / 100
Gross profit / Sales revenue x 100
____ is a promotional technique used to gain media coverage.
Public Relations
Below the line promotion
Push promotion
Pull promotion
Net profit = £30,000. Sales revenue = £120,000. Total costs = £90,000.
Net profit margin = ???
25%
30%
45%
18%
Net profit = £30,000. Gross profit = £60,000
Sales revenue = £120,000.
Total costs = £90,000.
Gross profit margin = ???
15%
30%
25%
50%
Net profit = £50,000. Gross profit = £80,000
Sales revenue = £150,000.
Total costs = £100,000.
Net profit margin = ???
40%
73%
50%
30%
What does the break even point show?
The gross profit margin of your products
How much profit you have made
The amount of units needed to be sold to cover your costs
How effective B2B marketing is
Source of external finance = ???
Sale of assets
Owners capital
Retained profits
Leasing
Which one of the following would improve a business's cash flow?
Lower sales price per unit
Increased promotion
Sale of assets
Negotiate a higher price with suppler
What statement shows a business's assets and liabilities?
Cash flow forecast
Statement of financial position
Break even chart
Statement of comprehensive income
What statement shows a business's income and expenses?
Cash flow forecast
Statement of financial position
Break even chart
Statement of comprehensive income
Costs which change directly with the number of products made by a business such as the cost of buying raw materials = ???
Working capital
Variable costs
Start up costs
Fixed costs
A document sent from the buyer to the seller that says 'Please can we buy....' = ???
Invoice
Statement of account
Purchase order
Credit note
A document sent from the buyer to the seller that says 'Thank you. We have received everything we that we ordered' = ???
Invoice
Statement of account
Good received note
Delivery note
A document sent from the seller to the buyer that says 'Please can you pay us' = ???
Invoice
Statement of account
Good received note
Receipt
