IGCSE Business - Cash, Costs, Break Even, Statements etc

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Cash is the most ( liquid, runny ) (asset that is easily changed into cash) of all business assets. Cash is the ( notes & coins, credit & debit cards ) a business keeps on the premises & any money it has in the bank. Without cash a business can’t trade. Businesses also need cash to pay for ( overheads, big things ). Businesses will often get bills for the services they have already used; if they aren’t paid the services will be cut. Finally, if a business can’t pay its employees; they will ( walk out., loan the business money )

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Frage 2 von 10

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Cashflow is a prediction of all expected receipts & expenses of a business over a future time period, which shows the expected cash balance at the end of each month.

Wähle eins der folgenden:

WAHR
FALSCH

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Frage 3 von 10

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Why are Cash Flow Forecasts Important?

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Cash flow forecasts are useful for : identifying cash shortages, supporting applications for funding, help planning the business and monitoring cash flow
A cash flow forecast provides the business with a 100% accurate picture of business spend and future profits

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Frage 4 von 10

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If a business is insolvent it is .....?

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doing really well financially
unable to meet its debts
looking to branch out into a different business area

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Frage 5 von 10

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Businesses have to pay for the resources they use. These expenses might include wages, raw materials, components, energy and machinery. They are called costs. However, there are different types of business costs. Some costs stay the same when a business produces more output, but others go up when more is produced.
Select the 4 FIXED COSTS (sometimes known as OVERHEADS)

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rent
packaging
advertising
raw materials
research and development costs
fuel
insurance payments
labour (staff)

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Frage 6 von 10

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In business, it is crucial to know how much ( output, input ) needs to be sold to cover costs. If costs are not covered by ( revenue,, output ) the business will make a loss. If revenue is greater than costs, the business will make a profit. If costs are exactly the same as revenue, the business will ( break even., close )

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Frage 7 von 10

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Break-even point is where total cost and total revenue meet

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WAHR
FALSCH

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Frage 8 von 10

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Break-even charts are ( graphs, drawings ) which show how costs and revenues of a business change with sales. They show the level of sales the business must make in order to ( break-even., do well )

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Frage 9 von 10

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The margin of safety is the amount sales can fall before the break-even point is reached and the business makes no profit. This calculation also tells a business how many sales they have made over their break-even point (BEP). The larger the margin of safety, the lower the risk for a business.

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WAHR
FALSCH

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Frage 10 von 10

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If a business has a break even point of of 100 products and it sells 150 of those products then the margin of safety is ?

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100 products
50 products

	Erstellt von Michelle Parker vor fast 3 Jahre

GCSE Business - Cash, Costs, Break Even, Statements

IGCSE Business - Cash, Costs, Break Even, Statements etc

Frage 1 von 10

Wähle von der Dropdown-Liste, um den Text zu vervollständigen.

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Frage 2 von 10

Cashflow is a prediction of all expected receipts & expenses of a business over a future time period, which shows the expected cash balance at the end of each month.

Wähle eins der folgenden:

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Frage 3 von 10

Why are Cash Flow Forecasts Important?

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Frage 4 von 10

If a business is insolvent it is .....?

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Frage 5 von 10

Wähle eine oder mehr der folgenden:

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Frage 6 von 10

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Frage 7 von 10

Break-even point is where total cost and total revenue meet

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Frage 8 von 10

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Break-even charts are graphs drawings( graphs, drawings ) which show how costs and revenues of a business change with sales. They show the level of sales the business must make in order to break-even. do well( break-even., do well )

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Frage 9 von 10

The margin of safety is the amount sales can fall before the break-even point is reached and the business makes no profit. This calculation also tells a business how many sales they have made over their break-even point (BEP). The larger the margin of safety, the lower the risk for a business.

Wähle eins der folgenden:

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Frage 10 von 10

If a business has a break even point of of 100 products and it sells 150 of those products then the margin of safety is ?

Wähle eine der folgenden:

Erklärung

Break-even charts are ( graphs, drawings ) which show how costs and revenues of a business change with sales. They show the level of sales the business must make in order to ( break-even., do well )