Daily Practice

GCSE Business

11th March 2025

5 questions · GCSE · 503 questions in this band

1
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.
2
Financial statements: the income statement and statement of financial position
State the formula for gross profit.
3
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?
4
Capital Expenditure and Revenue Expenditure
Why does the classification of an item as capital or revenue expenditure matter for calculating that year's profit?
5
Choosing the Right Source of Finance for a Business Scenario
A start-up needs 200,000 pounds to buy premises it will use for the next 20 years. Is this a short-term or a long-term finance need? Explain.

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