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WorksheetsFinance
Total questions: 10
Worksheet time: 9mins
What does PnL stand for
(a)
Which one of these describes a fixed cost?
An amount which can change every month
An amount which you have to pay until you have repaid a debt
An amount which doesnt change month on month
A pentalty payment on missing a loan payment
Advertising is an example a (a) cost
Which one of these is not a FIXED cost
Rent
Stock
Insurance
Salaries
A business needs to BUDGET so that they dont make a (a) and end up bankrupt.
On your spreadsheet what does this symbol do?
Changes a cell's text to numbers
It adds up all of the money in a column
Shows you how much money you are in profit by
Changes a cell number to currency
Why is overtime a variable cost? Select all that apply.
It depends on how busy you are will change the amount you pay monthly
Because you have to pay it out every month
This amount is paid monthly but if no overtime is worked it is not a cost.
People will just work when they want so you dont know how much wages will be
Why have we started to look at the Business Finance ?
Because we just need to know how to use a spreadsheet
Because we have an module and exam starting in September
Because Marc likes to make us work hard!
Because there is nothing more fun !!
Which Google software package do we use to create a spreadsheet
(a)
Why is it important for a business to have Public Liability Insurance
Incase their is a fire or a flood
In case you get broken into
Incase you are sued by a customer or contractor
To make sure all your customers are safe and happy
