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WorksheetsIntro to Finance and Accounting Workshop 2
Total questions: 10
Worksheet time: 14mins
Depreciation is:
paying back money you have borrowed
loss of tangible fixed assets
the cost of a loan
Redemption is
The loss of value of tangible fixed assets
Paying back money you have borrowed
The cost of a loan
The item "redemption" can be found as an account on the
Balance sheet
Income statement
Cash flow statement
All three statements
A cash flow statement consists out of three parts:
Financing, investing, operating activities
Operating, business, income activities
Receiving, operating, paying activities
The item 'purchased goods' will be found on:
Only the income statement
Only the cash flow statement
Both the income statement and the cash flow statement
For 2020 it is expected that 6,000 units will be sold equally throughout the year for a price of € 10. We give customers two months credit.
What is the sales receipt on the cash flow statement of 2020?
€ 60,000
€ 50,000
€ 10,000
A company pays three months rent in April for the months April, May and June. Rent is € 1,000 a month. The statements show the following end of April:
Balance sheet, Income statement and Cash flow statement show € 3,000 related to rent
Balance sheet shows a prepaid rent of € 2,000, Income statement € 1,000 and cash flow statement € 3,000
Balance sheet shows a prepaid rent of € 2,000, Income statement € 2,000 and cash flow statement € 3,000
Calculate the gross profit margin
20%
18%
55%
45%
The bank loan on January 1 is €100,000. Redemption is €20,000. Interest is 5%. Redemption and interest are paid on July 1. Calculate the interest expense
€4,416.67
€ 4,500
€ 4,583.33
€ 5,000
The bank loan on January 1 is €100,000. Redemption is €20,000. Interest is 5%. Redemption and interest are paid on July 1. Calculate the interest payment
€4,416.67
€ 4,500
€ 4,583.33
€ 5,000
