WorksheetsY10 Revision 1
Total questions: 23
Worksheet time: 15mins
What source of finance is for short term emergencies
Overdraft
Bank Loan
Venture Capital
Crowdfunding
What is trade credit
A short term source of finance from a supplier for stock
A long term source of finance from a supplier for stock
A short term source of finance from a bank for stock
A long term source of finance from a bank for stock
Businesses that have unlimited liability are
incorporated
unincorporated
Limited companies
Franchises
Which of these is an example of primary research
Focus Group
Internet
Company reports
Government statistics
Which of these is an example of qualitative market research
Government statistics
Questionnaire
Focus group
Trade reports
What is the formula for Total Cost
actual or budgeted sales - break even sales
total fixed costs + total variable costs
opening balance + net cash-flow
price x quantity
What is the formula for revenue
total fixed costs + total variable costs
(gross profit/sales revenue) x 100
price x quantity
fixed cost/(sales price - variable cost)
What is the formula for Break Even
opening balance + net cash flow
price x quantity
gross profit - other operating expenses and interest
fixed cost / (sales price - variable cost)
What is the formula for Margin of Safety
actual or budgeted sales - break even sales
price x quantity
(gross profit / sales revenue) x 100
total fixed costs + total variable costs
What is the formula for Net Cash-flow
actual or budgeted sales - break even sales
sales revenue - cost of sales
cash infows - cash outflows in a given period
opening balance + net cash-flow
What is the formula for Opening Balance
closing balance of the previous period
opening balance + new cash-flow
sales revenue - cost of sales
total fixed costs + total variable costs
What is the formula for Closing Balance
closing balance of the previous period
opening balance + new cash-flow
sales revenue - cost of sales
total fixed costs + total variable costs
Why do businesses use market research?
To identify customer needs
To sell goods and services
To gain information about competition
What is information collected about opinions and views called?
Quantitative data
Qualitative data
Segmentation
What is market segmentation?
The process of splitting up a business into different departments
The process of splitting up a target market into different groups
The process of splitting up the products of a business into different categories
Which word is used in a cash flow statement or forecast to show cash received from sales
(a)
Which keyword is used to refer to selling price - variable cost
(a)
Which of these sources of finance is not classed as 'long term'?
loan
crowdfunding
overdraft
share capital
True or False: A cash flow statement is a prediction of cash inflows and outflows of a business, over a specified period.
True
False
What label should the line, A, have?
(a)
What label should the line, B, have?
(a)
What label should the line, C, have?
(a)
How many grooms need to be sold in order to break even?
(a)
