Month: March 2018

Wood Angel Ltd has provided a list of its assets and liabilities as at 31 December 2017 as follows:

• Long-Term Assets £400k
• Inventory £385k
• Accounts Receivables £340k
• Bank Account £210k
• Cash £50K
• Accounts Payable £365k
• Long-term Bank Loan £1800k
• Reserves  £250k
• Share Capital £200k
• Revenue  £5,800k
• Cost-of-Sales  £4,400k
• Net Profit Margin  £600k
• Purchases  £2,800k

What is Wood Angel’s Net Margin Percentage?

Select ONE answer:

1. 13.79
2. 24.14
3. 26.67
4. 31.82
5. 10.35

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Accounting KS5 classes.

The answer is 5 – £600k / £5,800k * 100 = 10.35%

This work is licensed under a Creative Commons Attribution 4.0 International License.

Wood Angel Ltd has provided a list of its assets and liabilities as at 31 December 2017 as follows:

• Long-Term Assets £400k
• Inventory £385k
• Accounts Receivables £340k
• Bank Account £210k
• Cash £50K
• Accounts Payable £365k
• Long-term Bank Loan £1800k
• Reserves  £250k
• Share Capital £200k
• Revenue  £5,800k
• Cost-of-Sales  £4,400k
• Net Profit Margin  £600k
• Purchases  £2,800k

What is Wood Angel’s Expenses in relation to revenue Percentage?

Select ONE answer:

1. 13.79
2. 24.14
3. 26.67
4. 31.82
5. 10.35

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Accounting KS5 classes.

The answer is 1 – £5,800k – £4,400k = £1,400k – £600k = £800k / £5,800k * 100 = 13.79%

This work is licensed under a Creative Commons Attribution 4.0 International License.

Wood Angel Ltd has provided a list of its assets and liabilities as at 31 December 2017 as follows:

• Long-Term Assets £400k
• Inventory £385k
• Accounts Receivables £340k
• Bank Account £210k
• Cash £50K
• Accounts Payable £365k
• Long-term Bank Loan £1800k
• Reserves  £250k
• Share Capital £200k
• Revenue  £5,800k
• Cost-of-Sales  £4,400k
• Net Profit Margin  £600k
• Purchases  £2,800k

What is Wood Angel’s Gross Profit Mark-up Percentage?

Select ONE answer:

1. 13.79
2. 24.14
3. 26.67
4. 31.82
5. 10.35

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Accounting KS5 classes.

The answer is 4 – £5,800 – £4,400k = £1,400k / £4,400k * 100 = 31.82%

This work is licensed under a Creative Commons Attribution 4.0 International License.

Wood Angel Ltd has provided a list of its assets and liabilities as at 31 December 2017 as follows:

• Long-Term Assets £400k
• Inventory £385k
• Accounts Receivables £340k
• Bank Account £210k
• Cash £50K
• Accounts Payable £365k
• Long-term Bank Loan £1800k
• Reserves  £250k
• Share Capital £200k
• Revenue  £5,800k
• Cost-of-Sales  £4,400k
• Net Profit Margin  £600k
• Purchases  £2,800k

What is Wood Angel’s Gross Profit Margin Percentage?

Select ONE answer:

1. 13.79
2. 24.14
3. 26.67
4. 31.82
5. 10.35

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Accounting KS5 classes.

The answer is 2 – £5,800k – £4,400k = £1,400k / £4,800k * 100 = 24.14%

This work is licensed under a Creative Commons Attribution 4.0 International License.