# Year 11 - Finance Unit Plenary

Year 11 - Finance Review Quiz

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Slide 1: Tekstslide
Business StudiesUpper Secondary (Key Stage 4)GCSE

In deze les zitten 15 slides, met interactieve quizzen en tekstslide.

Lesduur is: 15 min

## Onderdelen in deze les

Year 11 - Finance Review Quiz

Go to lessonup.app and enter the class code.

#### Slide 1 -Tekstslide

What are costs that do not change when a business' output changes?
A
Total costs
B
Variable costs
C
Fixed costs
D
Revenue

#### Slide 2 -Quizvraag

What is an asset that a bank holds as security for the repayment of a loan?
A
Capital
B
Credit
C
Costs
D
Collateral

#### Slide 3 -Quizvraag

Zara designs and sells jewellery.

Using the information calculate what her revenue for the month is.
Unit selling price
£68
Total costs
£32
Units sold
275
A
£8,800
B
-£9,900
C
£9,900
D
£18,700

#### Slide 4 -Quizvraag

The following month Zara makes £22,100 in revenue.

How many units did she sell?
Unit selling price
£68
Total revenue
£22,100
Units sold
?
A
310
B
280
C
325
D
300

#### Slide 5 -Quizvraag

What are the business' profits each month?
Revenue
£28,000 p/m
Fixed costs
£12,000 p/m
Variable costs
£19,000 p/m
A
£3,000
B
-£3,000
C
-£9,000
D
£16,000

#### Slide 6 -Quizvraag

Match terms A-D with 1-4 on the break even chart.
Revenue
Break-even point
Fixed costs
Total costs

#### Slide 7 -Sleepvraag

Mark has a business producing handbags.

Calculate the break-even output using the data.
Selling price
£25 per bag
Fixed costs
£7,500 p/a
Variable costs
£10 per bag
A
5,000
B
500
C
300
D
750

#### Slide 8 -Quizvraag

Calculate the break-even level of output using the figures in the table.
Selling price
£50 per hat
Fixed costs
£25,000 p/a
Production costs
£30 per hat
A
833 units
B
8,333 units
C
1,250 units
D
125 units

#### Slide 9 -Quizvraag

If total costs are greater than revenue, the business will...
A
make profit.
B
break-even.
C
sell less units.
D
make a loss.

#### Slide 10 -Quizvraag

What is the net cash flow if the total inflows are £800 and the total outflows are £3,000?
A
-£2500
B
-£2,200
C
£2,200
D
£3,800

#### Slide 11 -Quizvraag

What is the formula for closing balance?
A
Opening balance − Net cash flow
B
Inflow - Outflow
C
Net cash flow + opening balance
D
Opening balance divided by net cash flow

#### Slide 12 -Quizvraag

Use the data to find the closing balance for Kimmi's garage.
Total outflow
£4,210
Net outflow
£460
Opening balance
£1,055
A
£595
B
£595
C
£0.43
D
£1,515

#### Slide 13 -Quizvraag

What is the formula for calculating the average rate of return (ARR)?
A
Average yearly profit / cost of investment x 100
B
Cost of investment / Average yearly profit x 100
C
Cost of investment x Average yearly profit
D
Cost of investment x 100

#### Slide 14 -Quizvraag

An entrepreneur is considering a project which will need an investment of £250,000. She wants an average rate of return of 10%.

Calculate the average yearly profit of her investment project.
Average yearly profit
?
Investment required
£250,000
ARR
10%
A
£25,000
B
£0.000004
C
£25m
D
£2,500