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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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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Accounting Multiple Choice Question – 3 May 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 Capital Gearing percentage ratio?

Select ONE answer:

  1. 69.66
  2. 68.00
  3. 67.66
  4. 67.00
  5. 66.66

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 – £2M / (£2M + £0.5M + £0.5M) * 100 = 66.66%

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

Accounting Multiple Choice Question – 2 May 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 Trade Payable Days ratio?

Select ONE answer:

  1. 12.86
  2. 23.66
  3. 64.41
  4. 28.4
  5. 1.82

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 – £0.9M / £5.1M * 365 days = 64.41 days

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

Accounting Multiple Choice Question – 1 May 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 Trade Receivable Days ratio?

Select ONE answer:

  1. 12.86
  2. 23.66
  3. 64.41
  4. 28.4
  5. 1.82

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 – £0.7M/ £10.8M * 365 days = 23.66 days

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

Accounting Multiple Choice Question – 30 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 Rate of Inventory Turnover (times per year) ratio?

Select ONE answer:

  1. 12.86
  2. 23.66
  3. 64.41
  4. 28.4
  5. 1.82

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 – £9M / £0.7M = 12.86

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

Accounting Multiple Choice Question – 29 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 Rate of Inventory Turnover (days) ratio?

Select ONE answer:

  1. 12.86
  2. 23.66
  3. 64.41
  4. 28.4
  5. 1.82

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 – £0.7M / £9M * 365 = 28.4 days

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