data analysis

Question 1

price elasticity calculation

Answer 1

percentage change in demand/ percentage change in price

Question 2

labour productivity calc

Answer 2

total outputs in a given time period/ total workers employed

Question 3

capital productivity calc

Answer 3

output/ capital employed

Question 4

break even calc

Answer 4

fixed costs/ contribution per unit (selling price- variable costs)

Question 5

gross profit calc

Answer 5

sales revenue- cost of sales

Question 6

operating profit (net) calc

Answer 6

gross profit- overhead expenses

Question 7

profit for the year calc

Answer 7

operating profit- interest and tax

Question 8

trade receivables definition

Answer 8

the value of all payments to be received from customers who bought goods on credit

Question 9

accounts payable definition

Answer 9

value of debts of goods bought on credit payable to suppliers

Question 10

gross profit margin calc

Answer 10

gross profit/ revenue x100

Question 11

operaring profit margin calc

Answer 11

operating profit/ revenue x100

Question 12

current ratio calc

Answer 12

current assets/ current liabilities

Question 13

acid test ratio calc

Answer 13

liquid assets/ current liabilities

Question 14

liquid assets calc

Answer 14

current assets- inventories

Question 15

labour turnover calc

Answer 15

total number of employees leaving in 1 year/ average number of employees a year x100