NEW
Font size
WorksheetsComponent 3 - Revenue/Costs Part 1 -Topic 3
Total questions: 10
Worksheet time: 5mins
Which of the following are start-up costs for a restaurant?
Wages
Rent
Furniture
Stock
Which of the following are running costs for a restaurant?
Furniture
Buying an oven
Paying for logo design
Purchase of Ingredients
Which of the following are both fixed costs?
Rent & Stock Purchases
Salaries & Wages
Wages & Rent
Insurance & Salaries
Which of the following is NOT a variable cost?
Paying Rent
Paying Wages
Paying for Ingredients
Fuel for Deliveries
How do you calculate total costs?
Variable Costs x Quantity
Fixed Costs + Total Variable Costs
Start Up Costs + Running Costs
Start Up Costs + Variable Costs
How do you calculate turnover or net sales?
Net Sales - Cost of Sales
Gross Profit - Expenses
Fixed Costs + Variable Costs
Price x Quantity Sold
___________ is calculated by turnover – cost of sales
Gross Profit
Net Profit
Closing Balance
Opening Balance
____________ is calculated by gross profit – expenses
Gross Profit
Net Profit
Closing Balance
Opening Balance
If a business wishes to increase its gross profit they may wish to
Lower Prices
Find Cheaper Suppliers
Raise their Cost of Sales
Keep the price the same
If a business wishes to increase its net profit it must.
Raise Cost of Sales
Raise Expenses
Reduce Prices
Reduce Expenses
