Daily Practice

GCSE Business

8th May 2024

5 questions · GCSE · 503 questions in this band

1
Sources of finance
Give one advantage and one drawback of trade credit.
2
Break-even analysis
On a break-even chart, what does the point where the total cost and total revenue lines cross represent?
3
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.
4
Financial statements: the income statement and statement of financial position
State the formula for net profit.
5
Analysing financial statements: ratio analysis
Why is comparing a ratio to a previous year usually more useful than looking at the ratio for a single year alone?

You are looking at an earlier sheet. Today's sheet is the one that adds a day.

Your run is kept in this browser only, and there is no account.

Any date always gives the same five questions, so a sheet can be set again or shared. All of May 2024, including the monthly compilation PDF.