Tag: KS5

Economics Multiple Choice Question – 30 June 2018

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

The demand for ________ is more elastic than the demand for ________.

Select ONE answer:

  1. Pepsi; all soft beverages
  2. food; exotic vacations
  3. all personal computers; Dell computers
  4. chewing gum; cars

What is the implication on demand of consumer objectives and decisions?

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

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

The answer is 1

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Economics Multiple Choice Question – 29 June 2018

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

If the price of one good increases by 3 percent and the quantity demanded of another good increases by 2 percent, the cross elasticity is ________ and the two goods are ________.

Select ONE answer:

  1. 2/3, substitutes
  2. 3/2, substitutes
  3. 2/3, complements
  4. 3/2, complements

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

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

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

The answer is 1

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Accounting Multiple Choice Question – 6 June 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 Capital Gearing percentage ratio?

Select ONE answer:

  1. 10.00
  2. 26.32
  3. 68.66
  4. 36.5
  5. 72.72

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 – £4M / (£4M + £0.5M + £1.0M) * 100 = 72.72%

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Accounting Multiple Choice Question – 5 June 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 Trade Payable Days ratio?

Select ONE answer:

  1. 10.00
  2. 26.32
  3. 68.66
  4. 36.5
  5. 1.58

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 – £1.9M / £10.1M * 365 days = 68.66 days

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

Accounting Multiple Choice Question – 4 June 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 Trade Receivable Days ratio?

Select ONE answer:

  1. 10.00
  2. 26.32
  3. 2.47
  4. 36.5
  5. 1.58

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 – £1.5M/ £20.8M * 365 days = 26.32 days

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