Daily Practice

GCSE Business

12th February 2016

5 questions · GCSE · 503 questions in this band

1
Cash Versus Profit and the Importance of Working Capital
A business has current assets of 25,000 pounds and current liabilities of 31,000 pounds. Calculate its working capital and state what this suggests.
2
Calculating Gross Profit Margin and Net Profit Margin
Why is it useful to express profit as a percentage of revenue rather than just stating the pound amount of profit?
3
Sources of finance
A business borrows 5,000 pounds at a simple interest rate of 4% per year, repaid after 2 years. Calculate the total interest paid.
4
Break-even analysis
A product sells for 40 pounds and has a variable cost of 15 pounds per unit. Fixed costs are 5,000 pounds. Calculate the break-even output.
5
Cash-flow forecasting
A business has an opening balance of 1,000 pounds, inflows of 6,000 pounds and outflows of 5,200 pounds for the month. Calculate its closing balance.

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