Daily Practice

GCSE Business

1st November 2018

5 questions · GCSE · 503 questions in this band

1
Calculating Gross Profit Margin and Net Profit Margin
A business calculates a net profit margin of 45% and a gross profit margin of 30% for the same year. Explain why this result must be wrong.
2
Sources of finance
Give one drawback of using retained profit to finance expansion.
3
Break-even analysis
What does 'break-even' mean?
4
Cash-flow forecasting
State the formula for a month's closing balance.
5
Financial statements: the income statement and statement of financial position
A business has revenue of 50,000 pounds and cost of sales of 21,000 pounds. Calculate its gross profit.

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