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Profitability Analysis

Total questions: 65

Worksheet time: 53mins

Name
Class
Date
1.

Product profitability analysis is

a)

a creative way of looking at causes of problems because it helps stimulate thinking and organize thoughts

b)

the amount of profit that a particular product or service makes in a partiular period

c)

a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets

d)

gross profit, which is sales minus the cost of goods sold

2.

What is the Return on Capital Employed formula ?

a)

(Net income - Dividends) / (Debt + Equity)

b)

Net income / Equity capital

c)

Earnings before interest and tax / (Total assets − Current liabilities)

d)

Earnings before interest and tax / Total assets

3.

You are a house flipper. You purchased a house for $80,000 and spent $30,000 in renovations.

You sale renovated house for $150,000.

What is Return on investment (ROI) ?

a)

$ 40, 000

b)

27 %

c)

20 %

d)

54 %

4.

Net sales = $ 100,000. Earnings before income and taxes (EBIT) = $ 20,000. Net profit = $ 10,000.

What is Return on sales ratio ?

a)

$ 80,000

b)

$ 70,000

c)

20 %

d)

10%

e)

30 %

5.

1) ________ is the process of determining whether a business idea is viable.

a)

A) Feasibility analysis

b)

B) Opportunity recognition

c)

C) Viability analysis

d)

D) Achievability analysis

e)

E) Scenario analysis

6.

6) The two components of product/service feasibility analysis are product/service ________ and product/service ________.

a)

A) value; affordability

b)

B) demand; timeliness

c)

C) timeliness; value

d)

D) durability; value

e)

E) desirability; demand

7.

10) ________ feasibility analysis is a quick financial assessment of the viability of a business idea.

a)

A) Organizational

b)

B) Institutional

c)

C) Product/service

d)

D) Financial

e)

E) Industry/market

8.
When you have a feasible business concept, the next step is to develop a/an__________________.
a)
business plan
b)
financial analysis
c)
feasibility analysis
d)
industry
9.

1) ________ is the process of determining whether a business idea is viable.

a)

A) Feasibility analysis

b)

B) Opportunity recognition

c)

C) Viability analysis

d)

D) Achievability analysis

e)

E) Scenario analysis

10.
Which of the following is the best definition of PROFIT?
a)
The total amount of income a business makes from selling products or services
b)
The amount of money a business has left over after paying for their costs.
c)
The total amount of money a business spends.
11.
Which of the following is the best definition of REVENUE?
a)
The total amount of income a business makes from selling products or services
b)
The amount of money a business has LEFT over after paying for their costs.
c)
The total amount of money a business spends.
d)
The amount of money a business loses every month.
12.
Which of the following is the best definition of COSTS?
a)
The total amount of income a business makes from selling products or services
b)
The amount of money a business has left over after paying for materials.
c)
The total amount of money a business spends.
13.

Which are from these are the three level of customer driven cost

i. Multilevel activities

ii. Market level activities

iii. Production level activities

iv. Order level activities

a)

i & ii

b)

ii& iii

c)

ii & iv

d)

i & iv

14.

which are one of the reason to calculate customer profitability

a)

to find out the most customer from b40

b)

to find out which customer that are rich and poor

c)

to find out which customer generate the most profit and how to retain them

d)

to find out which customer come from

15.

Which of the activities are includes under differences in resources used?

i. Marketing and selling

ii. Customisation of product

iii. Operating activities

iv. Distribution channel

a)

i,ii,iv

b)

ii,iii,iv

c)

i,ii,iii

d)

None of the above

16.

what is Customer Relationship Management ?

a)

technology for managing all your company’s relationships and interactions with customers and potential customers.

b)

the coordination and administration of tasks to achieve a goal.

c)

the process of identifying, assessing and controlling threats to an organization's capital and earnings.

17.

Customer lifetime value are very useful for these types of companies except:

a)

Companies with large variations in purchasing patterns by customers

b)

Companies with no objectives

c)

Companies with high customer acquisition costs

d)

Companies with high customer retention costs

18.

Identify the correct meaning of a net profit ratio of 15%: "This means for every $1...

a)

...of profit, revenue generated is $0.15"

b)

...of revenue, profit generated is $15"

c)

...of equity, the return for the owner is $0.15"

d)

...of revenue, profit generated is $0.15"

19.

The two basic measures of liquidity are:

a)

inventory turnover and current ratio

b)

current ratio and liquid ratio

c)

gross margin and profit margin

d)

current ratio and trade receivables turnover

20.

The _________ of business firm is measured by its ability to satisfy its short term obligations as they become due.

a)

Activity

b)

Liquidity

c)

profitability

d)

Solvency

21.

What are the factors affecting Gross profit margin calculation?

a)

Changes in selling prices

b)

Changes in cost prices

c)

Changes in both cost and selling prices

d)

All the above

22.

The expenses to sales ratios for a business improved over the years. Which one of the below action most probably done to achieve the above results?

a)

Reduction in expenses

b)

GST

c)

Repayment of loans

d)

None of the above

23.

The following is NOT a benchmark

a)

Budgeted Performance

b)

Industry Average

c)

Sales Returns

d)

Past Performance

24.

The following is NOT a non financial indicator

a)

Customer satisfaction surveys

b)

Website hits

c)

The number of Sales Returns

d)

Sales Returns

25.

A higher debt ratio means...

a)

Increased loan repayments and interest

b)

Likely increase in Return on Owner's Investment

c)

Access to funds the business would not have had otherwise to purchase productive, revenue-earning assets

d)

All of the above

26.

Profitability is the ability to

a)

Generate a result

b)

Generate operations

c)

Generate a net profit

d)

Generate a loss

27.

Profit allows

a)

Growth

b)

Low turnover

c)

Happiness

d)

Livelihood

28.

Loss leads to

a)

Slow dont the activity

b)

High turnover

c)

Bankruptcy

d)

Reduce the operations

29.

Economy of scope is about...

a)

Producing more different products but similar

b)

Reducing the cost of production

c)

Producing more identical products

d)

Increasing the cost of production

30.

The following is NOT a method that can be used to evaluate capital projects with unequal lives

a)

Replacement chains

b)

Equivalent annual cost

c)

Profitability index

d)

Equivalent annual annuity

31.

Project Alpha has an NPV of R25 000 and runs over a period of 4 years. The initial cost is R10 000. Calculate the profitability index

a)

3.5

b)

8231

c)

3292

d)

2.5

32.

When using the NPV method: Nominal cash flows should be discounted using which rate:

a)

Real WACC

b)

Nominal WACC

c)

Market interest rate on loans

d)

Cost of Debt

33.
Which of the following is NOT relevant to the use of the NPV method of investment appraisal?
a)
It relies on discounted cash flows
b)
It’s expressed as a percentage for easier comparison
c)
Its value will fall if interest rates rise
d)
A financially viable investment has a positive value
34.
The following are all methods of investment appraisal, EXCEPT
a)
Payback period
b)
Balance sheet return
c)
Net present value using discounted cash flows
d)
Average rate of return
35.
Minimum level set by management for investment appraisal results for a project to be accepted
a)
Is the definition of investment appraisal
b)
Is the definition of criterion rate or level
c)
Is the definition of annual forecasted net cash flow
d)
Is the definition of payback period
36.
Cash flows are discounted for various reasons, but NOT because of
a)
Time
b)
Inflation
c)
Interest rate
d)
Risk and uncertainty
37.
Which is not a qualitative factor affecting a firm’s investment appraisal decisions?
a)
Aims and objectives
b)
Risk
c)
The selected discount factor
d)
Impact on the environment
38.
Which TERM refers to the numerical value needed to calculate the NPV of an investment?
a)
Ratio
b)
Net cash flow
c)
Discounted cash flows
d)
Discount factor
39.
NPV will be positive if 
a)
companies work hard
b)
discounted cash flows justify initial investment
c)
money is given
d)
they won't be
40.
There are two main techniques when choosing between two investment projects - the payback methods and ...
a)
Accounting Rate of Return
b)
Investment Rate of Return
c)
Profitability Comparison
d)
Return on Capital Employed
41.
Which is NOT a disadvantage of using the ARR method to compare investment opportunities?
a)
It does not take into account the time value of money
b)
It is unreliable if timescales between projects are different
c)
There is no target rate of return to compare with
d)
It is difficult to calculate and hard to understand
42.
The Payback method of Investment Appraisal focuses on which option reimburses its own costs the quickest.
True or false?
a)
True
b)
False
43.
Which is NOT an advantage of using the Payback method to choose between investment options?
a)
It focuses on profitability and ignores cash flow
b)
Reduces the time during which liquidity is risked
c)
Easy to understand and calculate
d)
May encourage growth by favouring quick return projects
44.
The amount of time taken to generate sufficient cash to cover its own investment costs is called ...
a)
Return period
b)
Payback period
c)
Depreciation period
d)
Investment period
45.
The initial investment is 5,000. In the first year the firm paid back 1,000 in the second year 2,000 and the third year 3,000. Calculate the payback period
a)
2 years
b)
3 years
c)
3 years 4 months
d)
2 years 8 months
46.

Which of the following is NOT relevant to the use of the NPV method of investment appraisal?

a)

It relies on discounted cash flows

b)

It’s expressed as a percentage for easier comparison

c)

Its value will fall if interest rates rise

d)

A financially viable investment has a positive value

47.

Popps Ltd is considering the purchase of an asset for £120,000. This asset will generate the following cash flows:

£

Year 1 15,000

Year 2 25,000

Year 3 40,000

Year 4 40,000

Year 5 35,000

Year 6 30,000

Using a discount rate of 20% the discounted payback period would be:

a)

4 years

b)

6 years

c)

The investment does not pay back

d)

5 years

48.

The discount factor used to appraise capital investment decisions is a measure of:

a)

The current high street interest rate

b)

The opportunity cost of capital of the business

c)

The current inflation rate

d)

The opportunity cost of capital of all businesses in the same industry

49.

Investment can be defined.

a)

Use of capital on assets to receive returns

b)

Person’s dedication to purchasing a house or flat

c)

Usage of money on a production process of products and services

d)

Net additions made to the nation’s capital stocks

50.

Which of the following is the activity which finance people are involved?

a)

marketing decision

b)

promotional decision

c)

Investing decision

d)

None of these

51.

Although it ignores the time value of money, what is the most common method used in practice for capital budgeting?

a)

internal rate of return

b)

net present value

c)

payback

d)

accounting rate of return

52.

Which of the following is always true with regard to the net present value (NPV) approach?

a)

The NPV and the IRR approaches will always rank projects in the same order

b)

The NPV and Payback approaches will always rank projects in the same approaches

c)

If a project is found to be acceptable under the NPV approach, it would also be acceptable under the internal rate of return (IRR) approach

d)

If a project is found to be acceptable under the NPV approach, it would also be acceptable under the payback approach

53.

This is a form of analysis defined by calculating how long it will take for the asset to "earn back" the money you invested in purchasing it.

a)

internal rate of return

b)

net present value

c)

payback method analysis

d)

tax accounting

54.
Which of the following statements best describe the IRR?
a)
The rate of return on the investment calculated based on cash inflows and outflows.
b)
The rate of return on the investment calculated based on investment capital and profit generate.
c)
The minimum rate of return required for the business to be profitable.
d)
The maximum rate of return that business could generate.
55.

This answers the question, "How much is my asset worth right now?"

a)

net present value

b)

internal rate of return

c)

discount rate

d)

capital budgeting

56.

Although it ignores the time value of money, what is the most common method used in practice for capital budgeting?

a)

internal rate of return

b)

net present value

c)

payback

d)

accounting rate of return

57.

A set of projects in which the acceptance of one project means that the others cannot be accepted

a)

Replacement Decision

b)

Expansion Decision

c)

Independent Projects

d)

Mutually Exclusive Projects

58.

The present value of an asset's future cash flows minus its purchase price initial investment is

a)

Internal Rate of Return

b)

Payback

c)

Net Present Value

d)

Modified Internal Rate of Return

59.

Which of the following statements regarding NPV is true?

a)

If NPV is positive, the project is expected to earn more than the firm's cost of capital.

b)

Accepting negative NPV projects will reduce shareholders' wealth.

c)

If the NPV is positive, the project's cost is less than the project's expected benefit.

d)

All of the above.

60.

The following are the advantages of net present value, EXCEPT

a)

it can be used as a rough screening device to eliminate those projects whose returns do not materialize until later years.

b)

all positive NPVs will increase the value of the firm

c)

it allows comparison of benefits and costs in a logical manner

d)

it recognizes the timing of benefits resulting from the project

61.

Which of the following statement about NPV is FALSE?

a)

It does not allow for projects to be ranked.

b)

It has an inadequate reinvestment assumption.

c)

It is likely that there will be more than one NPV for a project.

d)

All of the above

62.

We compute the profitability index of a capital budgeting proposal by

a)

multiplying the internal rate of return by the cost of capital.

b)

dividing the present value of the annual after-tax cash flows by the cost of capital.

c)

dividing the present value of the annual after-tax cash flows by the cash investment in the project.

d)

multiplying the cash inflow by the internal rate of return.

63.

The disadvantage of the IRR method is that

a)

the IRR deals with cash flows.

b)

the IRR gives equal regard to all returns within a project's life.

c)

the IRR will always give the same project accept/reject decision as the NPV.

d)

the IRR requires long, detailed cash flow forecasts.

Answer: D

64.

Under what condition would you NOT accept a project that has a positive net present value?

a)

If the project has a profitability index less than zero.

b)

If two or more projects are mutually inclusive.

c)

If the firm is limited in the capital it has available (capital rationing).

d)

If a project has more than one sign reversal.

65.

Orang yang memiliki kemampuan untuk membeli, yang telah menunjukan rasa tertarik pada produk atau jasa yang ditawarkan. Kehadiran mereka merupakan basis konsumen disebut ...

a)

Pangsa

b)

Konsumen

c)

Pelanggan

d)

Segmen

e)

Prospect