Month: July 2018

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

• Long-Term Assets £1.8M
• Inventory £2.7M
• Accounts Receivables £1.5M
• Bank Account £0.4M
• Cash £0.1M
• Accounts Payable £2.9M
• Long-term Bank Loan £4M
• Reserves  £1.5M
• Share Capital £1.0M
• Revenue  £25.8M
• Cost-of-Sales  £20.0M
• Net Profit Margin  £2.5M
• Purchases  £11.5M

What is Wood Elf’s Net Margin Percentage?

Select ONE answer:

1. 29.00
2. 10.85
3. 38.46
4. 9.69
5. 22.48

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 – £2.50M / £25.8M* 100 = 9.69%

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

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

• Long-Term Assets £1.8M
• Inventory £2.7M
• Accounts Receivables £1.5M
• Bank Account £0.4M
• Cash £0.1M
• Accounts Payable £2.9M
• Long-term Bank Loan £4M
• Reserves  £1.5M
• Share Capital £1.0M
• Revenue  £25.8M
• Cost-of-Sales  £20.0M
• Net Profit Margin  £2.5M
• Purchases  £11.5M

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

Select ONE answer:

1. 29.00
2. 10.85
3. 38.46
4. 9.69
5. 22.48

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 – £25.8M – £20.0M = £5.8M -£2.5M = £2.80M / £25.8M * 100 = 10.85%

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

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

• Long-Term Assets £1.8M
• Inventory £2.7M
• Accounts Receivables £1.5M
• Bank Account £0.4M
• Cash £0.1M
• Accounts Payable £2.9M
• Long-term Bank Loan £4M
• Reserves  £1.5M
• Share Capital £1.0M
• Revenue  £25.8M
• Cost-of-Sales  £20.0M
• Net Profit Margin  £2.5M
• Purchases  £11.5M

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

Select ONE answer:

1. 29.00
2. 10.85
3. 38.46
4. 9.69
5. 22.48

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 – £25.8M – £20.0M = £5.8M / £20.0M * 100 = 29.00%

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

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

• Long-Term Assets £1.8M
• Inventory £2.7M
• Accounts Receivables £1.5M
• Bank Account £0.4M
• Cash £0.1M
• Accounts Payable £2.9M
• Long-term Bank Loan £4M
• Reserves  £1.5M
• Share Capital £1.0M
• Revenue  £25.8M
• Cost-of-Sales  £20.0M
• Net Profit Margin  £2.5M
• Purchases  £11.5M

What is Wood Elf’s Gross Profit Margin Percentage?

Select ONE answer:

1. 29.00
2. 10.85
3. 38.46
4. 9.69
5. 22.48

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 – £25.8M – £20.0M = £5.8M / £25.8M * 100 = 22.48%

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