CCBM Ltd manufactures high-quality stationery. The chart below shows financial information for CCBM Ltd in 2018.
Which one conclusion can be drawn from the bar chart? In 2018 CCBM Ltd:
Select ONE answer:
- made a loss of £75 000
- made a profit of £60 000
- made a loss of £310 000
- had a cash inflow of £370 000
Show the workings to arrive at your answer, and explain and justify your reasons:
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This multiple choice question is suitable for Business Studies KS4 & KS3 classes
The answer is 1
- Correct – add £115 000 and £425 000 minus £485 000 gives a loss of £75 000
- revenue minus variable = £60 000 incorrect
- variable minus fixed = £310 000 incorrect
- revenue minus fixed = £ 370 000 incorrect
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