6.2.1 Financial Terms and Calculations
Quiz by Mr S Hart
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9 questions
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- Q1Quantity Sold x Selling PriceSales Revenue30s
- Q2Total Revenue – Total ExpensesProfit or Loss30s
- Q3Sales Revenue – Cost of Goods SoldGross Profit30s
- Q4Gross Profit – ExpensesNet Profit30s
- Q5Fixed Costs ÷ (Selling Price per unit – Variable Cost per unit)Break-Even30s
- Q6Actual Sales – Break-Even SalesMargin of Safety30s
- Q7ALWAYS round up, even if lower than .5Break-Even30s
- Q8Point where revenue equals expenses.Break-Even30s
- Q9Cushion between actual sales and break-even point.Margin of Safety30s