Tag: A-Level

Accounting Multiple Choice Question – 23 April 2018

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

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

  • Long-Term Assets £0.8M
  • Inventory £0.7M
  • Accounts Receivables £0.7M
  • Bank Account £0.4M
  • Cash £0.1M
  • Accounts Payable £0.9M
  • Long-term Bank Loan £2M
  • Reserves  £0.5M
  • Share Capital £0.5M
  • Revenue  £10.8M
  • Cost-of-Sales  £9M
  • Net Profit Margin  £1M
  • Purchases  £5.1M

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

Select ONE answer:

  1. 20.00
  2. 24.14
  3. 26.67
  4. 31.82
  5. 16.66

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 – £10.8M – £9M = £1.8M / £9M * 100 = 20%

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Accounting Multiple Choice Question – 22 April 2018

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

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

  • Long-Term Assets £0.8M
  • Inventory £0.7M
  • Accounts Receivables £0.7M
  • Bank Account £0.4M
  • Cash £0.1M
  • Accounts Payable £0.9M
  • Long-term Bank Loan £2M
  • Reserves  £0.5M
  • Share Capital £0.5M
  • Revenue  £10.8M
  • Cost-of-Sales  £9M
  • Net Profit Margin  £1M
  • Purchases  £5.1M

What is Wood Sparrow’s Gross Profit Margin Percentage?

Select ONE answer:

  1. 20.00
  2. 24.14
  3. 26.67
  4. 31.82
  5. 16.66

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 – £10.8M – £9M = £1.8M / £10.8M * 100 = 16.66%

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Economics Multiple Choice Question – 21 April 2018

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

Macroeconomics is the branch of economics that studies?

Select ONE answer:

  1. Prices of individual goods.
  2. Important, as opposed to trivial, issues.
  3. The way individual markets work.
  4. The economy as a whole.

What is meant by Capital, land, and labour (Premises) being a factor of production?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 2

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Economics Multiple Choice Question – 20 April 2018

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

Macroeconomic topics include ………..?

Select ONE answer:

  1. The impact of government regulation of markets.
  2. Nationwide employment.
  3. Studying what factors influence the price and quantity of automobiles.
  4. Studying the determination of wages and production costs in the software industry.

 

What is meant by Enterprise being a factor of production?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 2

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Economics Multiple Choice Question – 19 April 2018

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

Which of the following is an issue in macroeconomics?

Select ONE answer:

  1. The purchasing decisions that an individual consumer makes
  2. The effect of an increase in the tax on cigarettes on cigarette sales
  3. The hiring decisions that a business makes
  4. The effect of increasing the money supply on inflation

What is meant by the home working motive as an incentive for entrepreneurs?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 4

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