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Financial Management Quiz

Total questions: 100

Worksheet time: 50mins

Name
Class
Date
1.

Daniel and Elsie are planning a fun event for AAA Ltd. Can you guess in which month they expect to receive £15,000 in revenue from customers?

a)

Month 1

b)

Month 2

c)

Month 3

d)

Month 4

2.

When will the costs of the £9,000 order be paid according to the trade credit period negotiated by Sebastian at AAA Ltd?

a)

Month 1

b)

Month 2

c)

Month 3

d)

Month 4

3.

Matilda and Sophia are running a small business. In which month will the invoice of £25,000 for Order 2 be paid by their customers?

a)

Month 2

b)

Month 3

c)

Month 4

d)

Month 5

4.

Elsie, Jacob, and Thomas are planning a big event! Can you help them figure out the cost associated with Order 2 that will be paid in Month 4?

a)

£9,000

b)

£12,000

c)

£15,000

d)

£25,000

5.

Henry and Scarlett are working on a project for AAA Ltd. Can you help them figure out how much revenue AAA Ltd expects to receive from Order 3 in Month 5?

a)

£10,000

b)

£12,000

c)

£15,000

d)

£20,000

6.

Sophia and Arthur are working on a project and need to calculate the total cost to suppliers for Order 3. Can you help them figure it out?

a)

£9,000

b)

£12,000

c)

£15,000

d)

£20,000

7.

Harry, Elsie, and Aarav are trying to figure out the amount of cash listed under Assets for Amazing Affordable Amplifiers Ltd. Can you help them out?

a)

1,000

b)

1,500

c)

2,000

d)

2,500

8.

Elsie and Thomas are discussing the financials of Amazing Affordable Amplifiers Ltd. Can you help them figure out under which category Share Capital is listed?

a)

Assets

b)

Liabilities

c)

Equity

d)

Expenses

9.

Imagine Anaya, Evie, and Matilda are planning a fun project. What does the diagram in the image represent?

a)

To show the company's profit and loss statement

b)

To show the company's balance sheet

c)

To show the company's cash flow statement

d)

To show the company's opening position before the start of the planning period

10.

Mia, Poppy, and Freya are planning a fun event for AAA Ltd. Can you guess in which month they expect to receive £15,000 in revenue from customers?

a)

Month 1

b)

Month 2

c)

Month 3

d)

Month 4

11.

Emily and Benjamin are planning a surprise party and need to pay for a £9,000 order. According to AAA Ltd's financial plans, when will the costs be paid?

a)

Month 1

b)

Month 2

c)

Month 3

d)

Month 4

12.

Poppy, Aarav, and Matilda are planning a big event! In which month will the invoice of £25,000 for Order 2 be paid by customers?

a)

Month 2

b)

Month 3

c)

Month 4

d)

Month 5

13.

Aarav and Isabella are planning a big event! Can you help them figure out the cost associated with Order 2 that will be paid in Month 4?

a)

£9,000

b)

£12,000

c)

£15,000

d)

£25,000

14.

Rohan and Evie are trying to guess how much revenue AAA Ltd expects to receive from Order 3 in Month 5. Can you help them out?

a)

£10,000

b)

£12,000

c)

£15,000

d)

£20,000

15.

Lily, Noah, and Samuel are working on a project for AAA Ltd. Can you help them figure out the total value of Order 3 that AAA Ltd will receive and deliver in Month 4?

a)

£9,000

b)

£15,000

c)

£20,000

d)

£25,000

16.

Leo and Mia are running a lemonade stand in Month 1. Can you help them figure out the total revenue they generated and received in cash from their customers?

a)

£6,000

b)

£10,000

c)

£15,000

d)

£20,000

17.

Imagine Anaya and Daniel are starting a new business. How much share capital do they record in the equity section for Month 1?

a)

£1,000

b)

£1,500

c)

£2,000

d)

£2,500

18.

Matilda, Neha, and Noah are running a lemonade stand. Can you guess the amount of profit they recorded for Month 1?

a)

£10,000

b)

£12,000

c)

£15,000

d)

£18,000

19.

Leo, Sebastian, and Elsie are planning a fun trip and need to budget their costs. What is the amount of costs that will be paid in Month 3?

a)

£3,000

b)

£4,000

c)

£5,000

d)

£6,000

20.

Ava and Emily are running a lemonade stand and just made £15,000 in revenue! In which section should they record this amount?

a)

Assets

b)

Liabilities

c)

Equity

d)

Income

21.

Oscar and Charlie are counting their savings for Month 1. Can you help them figure out the total amount of cash recorded in the assets section?

a)

£1,000

b)

£1,500

c)

£15,000

d)

£16,500

22.

Florence and Amelia are running a lemonade stand in Month 1. They are excited to see how much revenue they generated and received in cash from their customers. Can you help them figure it out?

a)

£9,000

b)

£15,000

c)

£6,000

d)

£1,500

23.

Jacob and Scarlett are planning a surprise party. They need to figure out the total costs that will be paid in Month 3. Can you help them?

a)

£15,000

b)

£6,000

c)

£9,000

d)

£1,500

24.

Sophia and Arjun are running a lemonade stand. They made some profit in Month 1. Can you guess how much they earned?

a)

£15,000

b)

£9,000

c)

£1,500

d)

£6,000

25.

Kiara, Eesha, and Alexander are starting a new business. Can you help them figure out the amount of share capital in Month 1?

a)

£1,500

b)

£9,000

c)

£15,000

d)

£6,000

26.

William, Rohan, and Sophie are running a lemonade stand. They need to figure out their trade payables for Month 1. Can you help them out?

a)

£1,500

b)

£9,000

c)

£15,000

d)

£6,000

27.

James and Emily are counting their cash assets for Month 1. Can you help them figure out the total amount?

a)

£1,500

b)

£9,000

c)

£15,000

d)

£6,000

28.

Neha, Aarav, and Anaya are playing a fun game of Monopoly. At the end of Month 1, what is the amount of cash listed under Assets?

a)

9,000

b)

15,000

c)

16,500

d)

6,000

29.

Emily, Matilda, and Oscar are trying to figure out the total amount listed under Liabilities at the end of Month 1. Can you help them?

a)

1,500

b)

9,000

c)

15,000

d)

6,000

30.

Isabelle, Sophie, and Ava are starting a new business! Can you help them figure out the amount of Share Capital listed under Equity at the end of Month 1?

a)

9,000

b)

15,000

c)

16,500

d)

1,500

31.

Kiara and Isabella started a small business. At the end of Month 1, they were excited to see their earnings. What is the total amount of Income they made?

a)

9,000

b)

15,000

c)

16,500

d)

1,500

32.

Emily and James started a small business. At the end of Month 1, they were excited to see their profit. Can you help them figure out the amount of Profit at the end of Month 1?

a)

9,000

b)

15,000

c)

16,500

d)

6,000

33.

Rohan and Scarlett are running a lemonade stand. At the end of Month 1, what is the amount listed under Expenses for Cost of Sales?

a)

9,000

b)

15,000

c)

16,500

d)

6,000

34.

During a fun financial challenge, Muhammad, Sophie, and Aarav are managing the budget for AAA Ltd. Can you guess the initial cash they brought down for the five-month period?

a)

£1,500

b)

£15,000

c)

£25,000

d)

£9,000

35.

Isabelle and Ishaan are trying to predict when AAA Ltd will receive £15,000 in revenue from Order 1. Can you help them figure out the correct month?

a)

Month 1

b)

Month 2

c)

Month 3

d)

Month 4

36.

Sophie and Leo are planning a surprise party and need to pay £9,000 for Order 1. When will they make the payment?

a)

Month 1

b)

Month 2

c)

Month 3

d)

Month 4

37.

Arjun and Samuel are running a lemonade stand. In which month will they receive the £25,000 payment for Order 2?

a)

Month 2

b)

Month 3

c)

Month 4

d)

Month 5

38.

Rosie and Benjamin are planning a surprise party! Can you help them figure out the costs associated with Order 2, and when they will be paid?

a)

£9,000 in Month 3

b)

£15,000 in Month 4

c)

£20,000 in Month 5

d)

£12,000 in Month 6

39.

Max and Isabelle are working on a project and need to figure out how much revenue is generated from Order 3. Can you help them determine the amount and when the first 50% is received?

a)

£15,000 in Month 4

b)

£20,000 in Month 5

c)

£25,000 in Month 6

d)

£12,000 in Month 3

40.

Isabella, Mia, and Evie are planning a surprise party. When will the remaining balance for Order 3 be paid?

a)

Month 4

b)

Month 5

c)

Month 6

d)

Month 7

41.

Samuel, Mia, and Freya are planning a big event! Can you help them figure out the costs to suppliers for Order 3, and when they need to be paid?

a)

£9,000 in Month 3

b)

£15,000 in Month 4

c)

£20,000 in Month 5

d)

£12,000 in the month after the order is placed

42.

Benjamin and Emily are working on their finance project for Amazing Affordable Amplifiers Ltd. Can you help them figure out the total amount of trade receivables in Month 2?

a)

£16,500

b)

£25,000

c)

£9,000

d)

£26,000

43.

Arthur and Elsie are running a lemonade stand. How much profit did Amazing Affordable Amplifiers Ltd make in Month 2?

a)

£9,000

b)

£25,000

c)

£26,000

d)

£16,500

44.

Ava and Rohan are discussing their investments in Amazing Affordable Amplifiers Ltd. Can you help them figure out the amount of share capital for the company in Month 2?

a)

£1,500

b)

£9,000

c)

£25,000

d)

£16,500

45.

Hey Ishaan, Ella, and Sophie! Can you figure out the total amount of liabilities in Month 2 for Amazing Affordable Amplifiers Ltd?

a)

£9,000

b)

£25,000

c)

£26,000

d)

£16,500

46.

Elsie, Neha, and Arthur are trying to figure out the cost of sales for Amazing Affordable Amplifiers Ltd in Month 2. Can you help them out?

a)

£1,500

b)

£9,000

c)

£25,000

d)

£16,500

47.

Hey Ava, Evie, and Benjamin! Can you figure out the total amount of trade receivables in Month 2 for Amazing Affordable Amplifiers Ltd?

a)

£16,500

b)

£25,000

c)

£9,000

d)

£15,000

48.

Ishaan, Chloe, and Anaya are working on a project for Amazing Affordable Amplifiers Ltd. Can you help them figure out the total amount of trade payables in Month 2?

a)

£9,000

b)

£15,000

c)

£24,000

d)

£16,000

49.

Aarav, Lily, and Matilda are running a lemonade stand called Amazing Affordable Amplifiers Ltd. Can you help them figure out the profit they made in Month 2?

a)

£9,000

b)

£15,000

c)

£16,000

d)

£25,000

50.

Mia, Ava, and Aarav are trying to figure out the total sales for Amazing Affordable Amplifiers Ltd in Month 2. Can you help them out?

a)

£15,000

b)

£25,000

c)

£40,000

d)

£16,500

51.

What is the total amount of share capital in Month 2 for Amazing Affordable Amplifiers Ltd?

a)

£1,500

b)

£15,000

c)

£16,000

d)

£25,000

52.

What is the cost of sales in Month 2 for Amazing Affordable Amplifiers Ltd?

a)

£9,000

b)

£15,000

c)

£24,000

d)

£16,500

53.

When will the costs of £15,000 be paid according to Order 2?

a)

Month 2

b)

Month 3

c)

Month 4

d)

Month 5

54.

What is the total amount of cash listed under assets at the end of month 2?

a)

16,500

b)

25,000

c)

24,000

d)

1,500

55.

What is the total amount of trade receivables listed under assets at the end of month 2?

a)

16,500

b)

25,000

c)

24,000

d)

1,500

56.

What is the total amount of trade payables listed under liabilities at the end of month 2?

a)

16,500

b)

25,000

c)

24,000

d)

1,500

57.

What is the total amount of share capital listed under equity at the end of month 2?

a)

16,500

b)

25,000

c)

24,000

d)

1,500

58.

What is the total profit at the end of month 2?

a)

16,500

b)

25,000

c)

24,000

d)

16,000

59.

What is the total amount of cost of sales [1] listed under expenses at the end of month 2?

a)

9,000

b)

15,000

c)

24,000

d)

1,500

60.

What is the total amount of cost of sales [2] listed under expenses at the end of month 2?

a)

9,000

b)

15,000

c)

24,000

d)

1,500

61.

What is the total amount of sales [1] listed under income at the end of month 2?

a)

9,000

b)

15,000

c)

24,000

d)

1,500

62.

What is the total amount of sales [2] listed under income at the end of month 2?

a)

9,000

b)

15,000

c)

25,000

d)

1,500

63.

What is the initial cash brought down by AAA Ltd for the five-month period?

a)

£1,000

b)

£1,500

c)

£2,000

d)

£2,500

64.

In which month does AAA Ltd expect to receive £15,000 revenue in cash from customers for Order 1?

a)

Month 1

b)

Month 2

c)

Month 3

d)

Month 4

65.

When will the costs of £9,000 for Order 1 be paid?

a)

Month 1

b)

Month 2

c)

Month 3

d)

Month 4

66.

In which month will the invoice of £25,000 for Order 2 be paid by customers?

a)

Month 2

b)

Month 3

c)

Month 4

d)

Month 5

67.

What are the costs associated with Order 2, and when will they be paid?

a)

£9,000 in Month 3

b)

£15,000 in Month 4

c)

£20,000 in Month 5

d)

£25,000 in Month 6

68.

How much revenue does AAA Ltd expect to receive from Order 3 in Month 5?

a)

25%

b)

50%

c)

75%

d)

100%

69.

What is the total value of Order 3?

a)

£15,000

b)

£20,000

c)

£25,000

d)

£30,000

70.

When are the costs to suppliers of £12,000 for Order 3 expected to be paid?

a)

In the month the order is placed

b)

In the month after the order is placed

c)

Two months after the order is placed

d)

Three months after the order is placed

71.

What is the total amount of cash listed under Assets for Month 3?

a)

£16,500

b)

£9,000

c)

£25,000

d)

£24,000

72.

What is the total amount of Trade payables listed under Liabilities for Month 3?

a)

£16,000

b)

£24,000

c)

£9,000

d)

£25,000

73.

What is the total amount of Share capital listed under Equity for Month 3?

a)

£16,000

b)

£24,000

c)

£1,500

d)

£25,000

74.

What is the total amount of Profit listed for Month 3?

a)

£16,000

b)

£24,000

c)

£1,500

d)

£25,000

75.

What is the total amount of Cost of sales [2] listed under Expenses for Month 3?

a)

£16,500

b)

£9,000

c)

£15,000

d)

£24,000

76.

What is the total amount of Sales [2] listed under Income for Month 3?

a)

£16,500

b)

£9,000

c)

£15,000

d)

£25,000

77.

What is the total amount of cash listed under Assets for Month 3?

a)

7,500

b)

25,000

c)

15,000

d)

9,000

78.

What is the total amount of Trade receivables listed under Assets for Month 3?

a)

7,500

b)

25,000

c)

15,000

d)

9,000

79.

What is the total amount of Trade payables listed under Liabilities for Month 3?

a)

7,500

b)

25,000

c)

15,000

d)

9,000

80.

What is the total amount of Share capital listed under Equity for Month 3?

a)

7,500

b)

25,000

c)

15,000

d)

1,500

81.

What is the total amount of Profit listed for Month 3?

a)

7,500

b)

25,000

c)

16,000

d)

1,500

82.

What is the total amount of Cost of sales [1] listed under Expenses for Month 3?

a)

7,500

b)

25,000

c)

15,000

d)

9,000

83.

What is the total amount of Cost of sales [2] listed under Expenses for Month 3?

a)

7,500

b)

25,000

c)

15,000

d)

9,000

84.

What is the total amount of Sales [1] listed under Income for Month 3?

a)

7,500

b)

25,000

c)

15,000

d)

9,000

85.

What is the total amount of Sales [2] listed under Income for Month 3?

a)

7,500

b)

25,000

c)

15,000

d)

9,000

86.

In which month does AAA Ltd expect to receive £15,000 in revenue from Order 1?

a)

Month 1

b)

Month 2

c)

Month 3

d)

Month 4

87.

When will the costs of £9,000 for Order 1 be paid by AAA Ltd?

a)

Month 1

b)

Month 2

c)

Month 3

d)

Month 4

88.

In which month will the customers pay the invoice of £25,000 for Order 2?

a)

Month 2

b)

Month 3

c)

Month 4

d)

Month 5

89.

When will the costs of £15,000 for Order 2 be paid by AAA Ltd?

a)

Month 2

b)

Month 3

c)

Month 4

d)

Month 5

90.

What is the total value of Order 3 that AAA Ltd receives and delivers in Month 4?

a)

£9,000

b)

£15,000

c)

£20,000

d)

£25,000

91.

How much does AAA Ltd receive from the customer in Month 5 for Order 3?

a)

25%

b)

50%

c)

75%

d)

100%

92.

When are the costs to suppliers of £12,000 for Order 3 expected to be paid?

a)

In the same month the order is placed

b)

In the month after the order is placed

c)

Two months after the order is placed

d)

Three months after the order is placed

93.

What is the total amount of cash in the Assets section for Month 4?

a)

£7,500

b)

£15,000

c)

£25,000

d)

£16,000

94.

What is the total amount of trade receivables in the Assets section for Month 4?

a)

£7,500

b)

£15,000

c)

£25,000

d)

£16,000

95.

What is the total amount of trade payables in the Liabilities section for Month 4?

a)

£7,500

b)

£15,000

c)

£25,000

d)

£16,000

96.

What is the total amount of share capital in the Equity section for Month 4?

a)

£7,500

b)

£15,000

c)

£25,000

d)

£1,500

97.

What is the total profit for Month 4?

a)

£7,500

b)

£15,000

c)

£25,000

d)

£16,000

98.

What is the total cost of sales [1] in the Expenses section for Month 4?

a)

£7,500

b)

£9,000

c)

£15,000

d)

£16,000

99.

What is the total cost of sales [2] in the Expenses section for Month 4?

a)

£7,500

b)

£9,000

c)

£15,000

d)

£16,000

100.

What is the total sales [1] in the Income section for Month 4?

a)

£7,500

b)

£9,000

c)

£15,000

d)

£16,000