Daily Practice

GCSE Business

7th June 2020

5 questions · GCSE · 503 questions in this band

1
Calculating Gross Profit Margin and Net Profit Margin
State the formula for net profit margin.
2
Sources of finance
Give one drawback of using retained profit to finance expansion.
3
Break-even analysis
On a break-even chart, what does the point where the total cost and total revenue lines cross represent?
4
Cash-flow forecasting
A business forecasts an opening balance of -500 pounds for June, inflows of 4,000 pounds and outflows of 3,200 pounds. Calculate the 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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