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Question | Answer |
This is the main source of finance for limited companies | share capital |
What is the Gross Profit if Sales are: 10,000 and COGS are 3,000 | 7000 |
What is the main source of finance for sole traders? | personal funds |
What is the break-even formula? | TR=TC or TFC/Unit Contribution |
Wages are what type of cost? | Variable |
What costs are salaries? | Fixed |
A portion of the profits that are given to shareholders are known as? | Dividends |
P=$5, AVC=$2 & TFC = $6000, what is the BEQ? | 2000 units |
If actual demand is 4000 units and BEQ is 1000, what is the margin of safety? | 3000 units |
This financial document shows the assets and liabilities of a business at a given time. | Balance sheet |
This financial account includes Turnover, COGS and Expenses. | Profit and loss account |
Turnover is also known as... | Sales revenue |
TR - TC = ? | Profit |
Working capital is calculated by:? | Current Assets - Current Liabilities |
Which document(s) does the acid test figures come from? | Balance sheet |
Which document(s) does the ROCE figures come from? | P&L & Balance sheet |
Trade credit is a strategy to improve which ratio(s)? | Liquidity ratios |
What are assets that are non-physical and fixed called? | Intangible assets |
Patents and copyrights are categorized as what type of asset? | Intangible or fixed assets |
HL ONLY - Depreciation is expressed on the P&L under which category? | Expenses |
This ratio indicates how well a business generates profit from its money invested in the business. | ROCE |