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- 1. Multiple Choice
Sales revenue
Profit - Fixed Costs
Sales - Cost of sales
Gross Profit - Expenses
quantity sold x Selling Price
- 2. Multiple Choice
Current Ratio
Current Assets - stock / Current Liabilities
Current Liabilities / Current Assets
Fixed Assets / Current Assets
Current Asset / Current Liabilities
- 3. Multiple Choice
ARR
Average annual profit / Initial capital outlay
Average Annual profit / Initial capital outlay x 100
Profit / Cost x 100
Average annual profit / Cash inflow x 100
- 4. Multiple Choice
Cost of sales
Sales revenue - Cost
Revenue - Gross Profit
Opening stock + Purchases - Closing Stock
Opening Stock - Closing Stock
- 5. Multiple Choice
Working Capital
Current Assets - Current Liabilities
Current Assets + Current Liabilities
Current Liabilities - Current Assets
Fixed Asset + Current Assets
- 6. Multiple Choice
Net Profit
Net Profit / Sales x 100
Sales - Cost of sales
Gross profit - Expenses
Gross Profit / Sales x 100
- 7. Multiple Choice
Price elasticity of demand
%▲QD / %▲P x 100
%▲P / %▲QD
%▲P / %▲QD x 100
%▲QD / %▲P
- 8. Multiple Choice
Gross Profit
Sales - Cost of sales
Net Profit - Expenses
Gross Profit / Sales x 100
Gross profit x Sales
- 9. Multiple Choice
Total Net Assets
Current Assets + Current Liabilities
Fixed Assets - Working Capital
Current Assets - Current Liabilities
Fixed Assets + Working Capital
- 10. Multiple Choice
Contribution
Fixed cost / (Selling Price - Variable cost)
Selling Price - Variable cost
Fixed cost - Variable cost
Selling Price - Fixed cost
- 11. Multiple Choice
Contribution
Fixed cost / (Selling Price - Variable cost)
Selling Price - Variable cost
Fixed cost - Variable cost
Selling Price - Fixed cost
- 12. Multiple Choice
Cross Elasticity of demand
%▲P of product A / %▲QD of product B
%▲QD / %▲Income
%▲QD of product A / %▲P of product B
%▲QD / %▲P
- 13. Multiple Choice
Acid Test Ratio
Current Assets / Current Liabilities
Current Assets / Current Liabilities x 100
Current Assets + Stock / Current Liabilities
Current Assets - Stock / Current Liabilities
- 14. Multiple Choice
Break Even
Fixed Costs / Variable Costs
Fixed Cost / (Selling price - Variable Cost)
Contribution / Fixed Costs
Total Revenue x Total Costs
- 15. Multiple Choice
Income Elasticity of Demand
%▲QD / %▲Income
%▲Income / %▲QD
%▲QD / %▲Income x 100
%▲P / %▲Income x 100
- 16. Multiple Choice
Market Share
Market Sales / Product sales x 100
Product Sales x Market sales x 100
Product Sales / Market sales x 100
Product Sales x Market sales
- 17. Multiple Choice
Market Growth
Change / Original
Original / Change x 100
Change / Original x 100
Change + Original
- 18. Multiple Choice
Net Profit Margin
Sales / Net Profit x 100
Gross Profit / Sales
Gross Profit - Expenses
Net profit / Sales x 100
- 19. Multiple Choice
Net Cash Flow
Total Outflow - Total Inflow
Total Inflow - Total Outflow
Opening Balance - Closing Balance
Opening Balance + Net Cash Flow
- 20. Multiple Choice
Return on Capital Employed
Gross Profit / Capital Employed x 100
Operating Profit / Sales x 100
Operating profit / Capital Employed x 100
Capital Employed / Net profit x 100
- 21. Multiple Choice
Capacity Utilisation
Actual Output / Maximum Output
Maximum Output / Actual Output x 100
Maximum Output / Actual Output
Actual Output / Maximum Output x 100
- 22. Multiple Choice
Return on Equity (ROE)
Profit for the year / Shareholder Equity x 100
Profit for the year / Capital Employed
Profit for the year / Shareholder Equity
Shareholder Equity / Profit for the year x 100
- 23. Multiple Choice
Margin of safety
Breakeven output + Actual Output
Fixed costs / Contributions
Breakeven - Fixed costs
Actual Output - Breakeven Output
- 24. Multiple Choice
Total costs
Fixed costs + Variable costs
Total Costs + Fixed costs
Fixed costs - Variable costs
Breakeven + Fixed costs
- 25. Multiple Choice
Average cost
Cost per unit x Price
Fixed cost / Output
Total Costs / Output
Fixed cost + Variable Cost
- 26. Multiple Choice
Labour Turnover
No of staff / No of Staff leaving x 100
No of Staff leaving / no of staff x 100
No of staff / No of Staff leaving
New staff / Existing staff x 100
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