Accounting Multiple Choice Question – 31 May 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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

  • Long-Term Assets £1.8M
  • Inventory £1.7M
  • Accounts Receivables £1.5M
  • Bank Account £1.4M
  • Cash £0.1M
  • Accounts Payable £1.9M
  • Long-term Bank Loan £4M
  • Reserves  £0.5M
  • Share Capital £1.0M
  • Revenue  £20.8M
  • Cost-of-Sales  £17.0M
  • Net Profit Margin  £1.5M
  • Purchases  £10.1M

What is Wood Dragons Current Ratio (working capital ratio)?

Select ONE answer:

  1. 10.00
  2. 26.32
  3. 2.47
  4. 36.5
  5. 1.58

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 3 – (£1.7M + £1.5M + £1.4M + £0.1M) / £1.9M = 2.47

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Accounting Multiple Choice Question – 30 May 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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

  • Long-Term Assets £1.8M
  • Inventory £1.7M
  • Accounts Receivables £1.5M
  • Bank Account £1.4M
  • Cash £0.1M
  • Accounts Payable £1.9M
  • Long-term Bank Loan £4M
  • Reserves  £0.5M
  • Share Capital £1.0M
  • Revenue  £20.8M
  • Cost-of-Sales  £17.0M
  • Net Profit Margin  £1.5M
  • Purchases  £10.1M

What is Wood Dragon’s ROCE percentage?

Select ONE answer:

  1. 22.35
  2. 11.06
  3. 27.27
  4. 7.21
  5. 18.27

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 3 – Return on Capital Employed. Return on capital employed or ROCE is a profitability ratio that measures how efficiently a company can generate profits from its capital employed by comparing net operating profit to capital employed.  £1.5M / (£4M + £0.5M + £1.0M) * 100 = 27.27%

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

Accounting Multiple Choice Question – 29 May 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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

  • Long-Term Assets £1.8M
  • Inventory £1.7M
  • Accounts Receivables £1.5M
  • Bank Account £1.4M
  • Cash £0.1M
  • Accounts Payable £1.9M
  • Long-term Bank Loan £4M
  • Reserves  £0.5M
  • Share Capital £1.0M
  • Revenue  £20.8M
  • Cost-of-Sales  £17.0M
  • Net Profit Margin  £1.5M
  • Purchases  £10.1M

What is Wood Dragon’s Net Margin Percentage?

Select ONE answer:

  1. 22.35
  2. 11.06
  3. 27.27
  4. 7.21
  5. 18.27

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 – £1.50M / £20.8M* 100 = 7.21%

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

Accounting Multiple Choice Question – 28 May 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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

  • Long-Term Assets £1.8M
  • Inventory £1.7M
  • Accounts Receivables £1.5M
  • Bank Account £1.4M
  • Cash £0.1M
  • Accounts Payable £1.9M
  • Long-term Bank Loan £4M
  • Reserves  £0.5M
  • Share Capital £1.0M
  • Revenue  £20.8M
  • Cost-of-Sales  £17.0M
  • Net Profit Margin  £1.5M
  • Purchases  £10.1M

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

Select ONE answer:

  1. 22.35
  2. 11.06
  3. 27.27
  4. 7.21
  5. 18.27

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 – £20.8M – £17.0M = £3.8M -£1.5M = £2.30M / £20.8M * 100 = 11.06%

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

Accounting Multiple Choice Question – 27 May 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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

  • Long-Term Assets £1.8M
  • Inventory £1.7M
  • Accounts Receivables £1.5M
  • Bank Account £1.4M
  • Cash £0.1M
  • Accounts Payable £1.9M
  • Long-term Bank Loan £4M
  • Reserves  £0.5M
  • Share Capital £1.0M
  • Revenue  £20.8M
  • Cost-of-Sales  £17.0M
  • Net Profit Margin  £1.5M
  • Purchases  £10.1M

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

Select ONE answer:

  1. 22.35
  2. 11.06
  3. 27.27
  4. 7.21
  5. 18.27

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 – £20.8M – £17.0M = £3.8M / £17.0M * 100 = 22.35%

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

Accounting Multiple Choice Question – 26 May 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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

  • Long-Term Assets £1.8M
  • Inventory £1.7M
  • Accounts Receivables £1.5M
  • Bank Account £1.4M
  • Cash £0.1M
  • Accounts Payable £1.9M
  • Long-term Bank Loan £4M
  • Reserves  £0.5M
  • Share Capital £1.0M
  • Revenue  £20.8M
  • Cost-of-Sales  £17.0M
  • Net Profit Margin  £1.5M
  • Purchases  £10.1M

What is Wood Dragon’s Gross Profit Margin Percentage?

Select ONE answer:

  1. 22.35
  2. 11.06
  3. 27.27
  4. 7.21
  5. 18.27

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 – £20.8M – £17.0M = £3.8M / £20.8M * 100 = 18.27%

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Economics Multiple Choice Question – 24 May 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

“Last October, due to an early frost, the average price for a pumpkin increased by 10 percent compared to the average pumpkin price in previous Halloween seasons. As a result, the quantity demanded county-wide decreased from 2 million to 1.5 million.”  Based on this statement, the ……..

Select ONE answer:

  1. demand curve for pumpkins shifted rightward.
  2. demand for pumpkins is elastic.
  3. demand for pumpkins is unit elastic.
  4. demand for pumpkins is inelastic.

What is the implication for firms of changes in economic growth?

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

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

The answer is 2

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