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WorksheetsBusiness studies formulae
Total questions: 10
Worksheet time: 6mins
How would you calculate Total Revenue (TR)?
Price x Quantity sold
Price + Quantity sold
Price / Quantity sold
Price - Quantity sold
Total costs (TC) =
Fixed costs - variable costs
Fixed costs + variable costs
Fixed costs / variable costs
Fixed costs x variable costs
Profit = Total revenue (TR) minus
Sales
Variable costs
Total costs
Fixed costs
Net cash flow =
Receipts x payments
Payments / receipts
Receipts - payments
Payments x receipts
The opening balance is .....
The money in the bank at any time
The money in the bank on the last day of the month
The money in the bank on the first day of the month
The money left after all the bills are paid
Opening balance + Net cash flow flow =
(a)
The exchange rate is the amount of foreign currency £1 will buy
True
False
What is meant by contribution per unit?
Fixed costs - selling price per unit
Variable costs - Selling price per unit
Selling price per unit - Fixed costs
Selling price - Variable costs per unit
What is the formula for Margin of safety?
Actual sales - Sales at Break Even Point
Actual Sales + Sales at Breakeven Point
Actual Sales x Sales at Breakeven point
Actual Sales / Sales at Breakeven Point
What is the break-even output formula?
Fixed costs / Contribution per unit
Fixed costs / Selling price per unit
Contribution per unit/ / Fixed costs
Fixed costs / Variable costs per unit
