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What are the different forms of business organisations?

The owner's equity of a corporation and a LLC consists of...

What is a balance sheet?

An example of a fixed asset is...

A

Stock of goods

B

Bank account

C

Building

D

Owner's equity

An example of a long-term debt is...

A

debtors

B

creditors

C

bank account

D

mortgage loan

Emily bought 70 shirts to sell in her new clothing shop.

A

Costs of goods sold

B

Operating costs

Justin paid the bill from the landlord, the rent of his shop was € 1200 this month

A

Costs of goods sold

B

Operating costs

Fire insurance premiums are...

A

Fixed costs

B

Variable costs

Packaging material costs are...

A

Fixed costs

B

Variable costs

A company's total costs is € 250,000 when they sell 10,000 products. Variable costs are € 7.50 apiece. Calculate the fixed costs of this company.

A company's total fixed costs are €175,000. The variable costs per product are €7.50. Calculate the total costs at a production of 20,000 products.

Robert gives the bank the assignment to transfer money to all employees on the 25th of each month

A

Housing costs

B

Selling/distribution costs

C

Costs of labour

Nellie pays the landlord €500 to fix a broken panel in her shop

A

Housing costs

B

Selling/distribution costs

C

Costs of labour

John wants an advertisment in the newspaper, it will cost him €75.

A

Housing costs

B

Selling/distribution costs

C

Costs of labour

John secured a loan of €300,000 for his enterprise. He has to pay 4.5% interest a year on the outstanding loan. He has to redeem the loan in 30 equal instalments. Calculate the amount of interest John has to pay in the first year.

John secured a loan of €300,000 for his enterprise. He has to pay 4.5% interest a year on the outstanding loan. He has to redeem the loan in 30 equal instalments. How much interest does John has to pay at the end of the third year?

A machine with a total purchase value of €200,000 has a salvage value, after six years, of €20,000. Calculate the yearly depreciation.

Frank buys a new car for € 15,000. After five years, he sells the car for 40% of the original purchase value. The depreciation charges per annum will therefore be:

A

1,200

B

1,800

C

2,000

D

9,000