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Finance quiz - WJEC GCSE Business quiz

15questions. Pick an answer and you'll see why right away.

  1. Which of these is an internal source of finance?

  2. Which of these is a fixed cost?

  3. A business sells 1,000 units at 12 each. What is its total revenue?

  4. Total revenue is 50,000 and total costs are 38,000. What is the profit?

  5. How is contribution per unit calculated?

  6. Fixed costs are 30,000 and the contribution per unit is 10. What is the break-even output?

  7. A business breaks even at 2,000 units and expects to sell 2,600. What is its margin of safety?

  8. On a break-even chart, the break-even point is where:

  9. Cash inflows are 22,000 and cash outflows are 25,000. What is the net cash flow?

  10. The opening balance is 6,000 and the net cash flow is -2,000. What is the closing balance?

  11. Why can a profitable business still run out of cash?

  12. Which action would improve a business's cash flow?

  13. Revenue is 100,000 and cost of sales is 60,000. What is the gross profit?

  14. Net profit is 15,000 and revenue is 100,000. What is the net profit margin?

  15. What does the gross profit margin show?