WorksheetsGrade 11, 12 final term 2 revision
Total questions: 17
Worksheet time: 9mins
Shor term finance refers to money borrowed _____
more than one year
less than 5 years but more than 1
One year or less
2years
capital finance provided by the customers
of the business
False
True
A reason that requires a business to fund is ______
To reduce competition
To decrease product quality
To avoid paying taxes
To cover operational costs and expand operations
Internal Sources of Finance is______
Mortgages
Bank overdraft
selling assets
credit cards
paying Rent is considered to be ______
cash inflow
cash outflow
cash underflow
cash low
Choose all the choices that represent short term finance.
trade payables
bank overdraft
Mortgages
loan capital
credit cards
An Insolvent business is a business that _______
have enough cash
gain a lot of profits
don't have enough cash
losing money
opening Cash balance 5000 and net cash flow was positive 3000
closing balance=2,000
closing balance = 8,000
closing balance =15,000
closing balance=0
Why are cashflow forecasts important?
identify cash shortage
help business planning
monitoring cash flow
all are true
Some production costs remain the same whatever the level of output.
These are called ______.
total cost
variable cost
fixed cost
none of the above
Total cost is the sum of fixed and variable cost.
true
false
the product of selling price and number units sold is said to be______
Total cost
variable cost
average cost
total revenue
Profit is money from the difference between total sales and costs.
false
True
cash is ______ liquid asset of all business assets.
least
most
every
more
Rights issues sale of new shares to ______ shareholders at a discount.
existing
new
customer
all
Calculate the average cost if the fixed cost is $50,000 and units produced are 100 and the variable cost per unit is $200
$500
$200
$100
$700
Raising small amounts of money from a large number of people.
share capital
venture capital
crowd funding
mortgages
