Tag: Edexcel

Which ONE of the following are fixed costs of a manufacturing business?

Select ONE answer:

1. Raw materials
2. Packaging for products
3. Parts and components
4. Rent on premises

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

Which ONE of the following are fixed costs of a manufacturing business?

Select ONE answer:

1. Raw materials
2. Packaging for products
3. Parts and components
4. Salaries of managers

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

Which ONE of the following might a sole trader pay on their profits?

Select ONE answer:

1. Corporation tax
2. National Insurance
3. Income tax
4. Import duty

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

Which ONE of the following is an example of a long-term source of finance?

Select ONE answer:

1. Sales revenue
2. Bank Loan
3. Trade credit
4. Overdraft

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

Which of the following is an external source of finance?

Select ONE answer:

1. Retained profit
2. Selling assets
3. Sales revenue
4. Share capital

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