ion 1 1. Alpha Ltd provides the following information: et Ered d out of Revenue 150,000 Cost of sales 90,000 Closing inventory 15,000 question Select one: O a. 30% O b. 50% O C. 40% Od. 60% 3. The statement of financial position of a business includes the following information: Trade receivables Trade payables Bank overdraft Inventory 10,000 14,000 6,000 15,000 What is the liquid ratio? Select one: a. 0.50.1 6.0.71.1 141 2511 4. The profit for the year of a business was 15,000. Balances in the business's books include the following: Premises Trade receivables Trade payables Inventory Cash Long term loan 80,000 12,000 7,000 2,000 1,000 20,000 What is the return on capital employed (ROCE) %? stat.pdf ere to search O 91 9. A business has calculated the following ratios: GP% Profit for the year % of Year 1 40% 19% Year 2 tion 40% 25% Why did the profit for the year % increase in year 2? Select one: ca. Cost of sales reduced b. Cost of sales increased loc. Expenses increased d. Expenses decreased Dimitari.pdf Which of the following is most likely to be a fixed cost? Select one: a. Production workers wages Electricity charges Raw material costs 0 d. Directors salary 20. Which ONE of the following statements about Cash Budgets is NOT true? Select one: O a. The cash budget shows all of the business's receipts and payments for the year ahead o b. The cash budget shows the forecasted profit for the year O c. The cash budget is a tool for planning and controlling cashflow O d. The cash budget is usually produced in a month by month format to search o If the sales price per unit is $100, the unit variable cost is $75, and total fixed costs are $150,000, Calculate the break-even volume in dollar sales (rounded to the nearest whole dollar) Select one: o a $600,000 b. $150,000 $200,000 d. pdf e to search 2 Savana Supplies Limited has the following purchases budget for the last half of 2012: July $100,000 August $80,000 September $140,000 October $76,000 November $120,000 December $86,000 The company pays one half at the time of purchase and the remainder in the month following purchase. What are the expected cash payments in August? Select one: a. $80,000 6. $90,000 O $110,000 d. $100,000