Accounting Multiple Choice Question – 4 January 2018

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

Woodpecker Ltd provided a list of its assets and liabilities as at 31 December 2016 as follows.

  • Long-Term Assets £300k
  • Inventory £85k
  • Accounts Receivables £40k
  • Bank Account £10k
  • Cash £5K
  • Accounts Payable £65k
  • Long-term Bank Loan £700k
  • Reserves £125k
  • Share Capital £100kRevenue £3,800k
  • Cost-of-Sales £2,400k
  • Net Profit Margin £300k
  • Purchases £1,200k

What is Woodpecker’s Net Margin Percentage?

Select ONE answer:

  1. 34.86
  2. 36.84
  3. 7.89
  4. 58.33
  5. 28.95

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 – £300k / £3,800k * 100 = 7.89%

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

Accounting Multiple Choice Question – 3 January 2018

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

Woodpecker Ltd provided a list of its assets and liabilities as at 31 December 2016 as follows.

  • Long-Term Assets £300k
  • Inventory £85k
  • Accounts Receivables £40k
  • Bank Account £10k
  • Cash £5K
  • Accounts Payable £65k
  • Long-term Bank Loan £700k
  • Reserves £125k
  • Share Capital £100kRevenue £3,800k
  • Cost-of-Sales £2,400k
  • Net Profit Margin £300k
  • Purchases £1,200k

 

What is Woodpecker’s Expenses in relation to revenue Percentage?

Select ONE answer:

  1. 34.86
  2. 36.84
  3. 7.89
  4. 58.33
  5. 28.95

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 – £3,800k – £2,400k = £1,400k – £300k = £1,100k / £3,800k * 100 = 28.95%

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

Accounting Multiple Choice Question – 2 January 2018

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

Woodpecker Ltd provided a list of its assets and liabilities as at 31 December 2016 as follows.

  • Long-Term Assets £300k
  • Inventory £85k
  • Accounts Receivables £40k
  • Bank Account £10k
  • Cash £5K
  • Accounts Payable £65k
  • Long-term Bank Loan £700k
  • Reserves £125k
  • Share Capital £100kRevenue £3,800k
  • Cost-of-Sales £2,400k
  • Net Profit Margin £300k
  • Purchases £1,200k

What is Woodpecker’s Gross Profit Mark-up Percentage?

Select ONE answer:

  1. 34.86
  2. 36.84
  3. 7.89
  4. 58.33
  5. 12.87

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 – £3,800 – £2,400k = £1,400k / £2,400k * 100 = 58.33%

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

Accounting Multiple Choice Question – 1 January 2018

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

Woodpecker Ltd provided a list of its assets and liabilities as at 31 December 2016 as follows.

  • Long-Term Assets £300k
  • Inventory £85k
  • Accounts Receivables £40k
  • Bank Account £10k
  • Cash £5K
  • Accounts Payable £65k
  • Long-term Bank Loan £700k
  • Reserves £125k
  • Share Capital £100kRevenue £3,800k
  • Cost-of-Sales £2,400k
  • Net Profit Margin £300k
  • Purchases £1,200k

What is Woodpecker’s Gross Profit Margin Percentage?

Select ONE answer:

  1. 34.86
  2. 36.84
  3. 7.89
  4. 58.33
  5. 12.87

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 – £3,800k – £2,400k = £1,400k / £3,800k * 100 = 36.84%

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

Business Studies Multiple Choice Question – 31 December 2017

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

A business’s fixed costs are £67 800, selling price per unit is £12.87, and total variable costs per unit are £8.50. Which ONE of the following is the break-even level of output (to the nearest whole number)?

Select ONE answer only:

  1. 12 500 units
  2. 12 667 units
  3. 10 000 units
  4. 8 525 units
  5. 15 515 units

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

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 5 – Break-even level of output = Fixed costs / Contribution per unit. Contribution per unit = Selling price per unit – Variable costs per unit. Therefore the breakeven level of output is: £67 800 / (£12.87 – £8.50) = £67 800 / £4.37 = 15 515 units.

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

Business Studies Multiple Choice Question – 30 December 2017

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

A business’s fixed costs are £75 000, selling price per unit is £10, and total variable costs per unit are £5.50. Which ONE of the following is the break-even level of output (to the nearest whole number)?

Select ONE answer only:

  1. 16 667 units
  2. 12 000 units
  3. 10 000 units
  4. 18 500 units
  5. 18 667 units

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

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 1 – Break-even level of output = Fixed costs / Contribution per unit. Contribution per unit = Selling price per unit – Variable costs per unit. Therefore the breakeven level of output is: £75 000 / (£10 – £5.50) = £75 000 / £4.50 = 16 667 units.

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

Business Studies Multiple Choice Question – 29 December 2017

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

A business’s fixed costs are £90 000, selling price per unit is £3, and total variable costs per unit are £2.50. Which ONE of the following is the break-even level of output (to the nearest whole number)?

Select ONE answer only:

  1. 122 500 units
  2. 120 000 units
  3. 100 000 units
  4. 180 000 units
  5. 166 667 units

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

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

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 4 – Break-even level of output = Fixed costs / Contribution per unit. Contribution per unit = Selling price per unit – Variable costs per unit. Therefore the breakeven level of output is: £90 000 / (£3 – £2.50) = £90 000 / £0.50 = 180 000 units.

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