You are the management accountant for a contract based in Bahrain. You have to pay a local subcontractor 250,000 Bahraini Dinars (BHD). At a rate of 1BHD = £1.60, how much will this cost you in £?

Duncan, Gordon and Iain are in a partnership and agree to share their partnership profits in a ratio of 5:4:3 respectively. If this partnership makes a profit of £72,000 in 2020, how much profit will Gordon receive in 2020?

You work in the finance department of an oil services company and have been asked to organise a payment to an American supplier for $57,860. At a rate of £1 = $1.48, how much will this cost in £s?

You are the sales manager for an electrical company. You sell TVs at 20% above the wholesale cost of £200. The store gives employees a 10% discount on the retail price. How much do you charge an employee for a TV?

You are attending a board meeting to appoint your auditors. At least 2/3 of the 40 members must vote in favour for it to go ahead. What is the greatest number of members who could vote against the appointment of a specific auditor and for them to still be appointed?

A company has the following shares in issue:

10,000,000 ordinary ‘A’ shares

6,000,000 ordinary ‘B’ shares

A significant shareholder holds 2/5 of the ‘A’ shares and 4/6 of the ‘B’ shares. How much, as a percentage, does this shareholder hold of the total shares in issue?

You are deciding on which special offers to implement in your stores. You normally sell scooters for £40 each but these are currently on offer as two scooters for £75. What % reduction does this represent in the price of two scooters?

You are working as a manager for an agriculture company which owns two plots. 200 seeds were planted in plot 1 and 300 seeds in plot 2. 57% of the plot 1 seeds germinated and 42% of plot 2 seeds germinated. What % of the total seeds planted germinated?

On 31/12/20 your company share price was 108p. This is 40% lower than a year earlier. What was the share price on 31/12/19?

A fire at your head office has destroyed many of the accounting records. You know that your sales for the year were £825,000 and that this represented a 25% markup from the Cost of Sales. What will the Cost of Sales figure be?

You are setting up a major contract with a key customer. The total Cost of Sales on the contract has been estimated as £325,000. Company policy is to achieve a margin of 20% on all sales (ie the Cost of Sales represents 80% of the sales price). What will be the sales price you will have to agree with the customer in order to meet this?