Exam questions Flashcards
1
Q
- What is the equation for % increase?
- What is the equation for % decrease?
A

2
Q
- What is variance reporting?
- What is exception reporting?
A
- The difference between the actual results and the flexed budget <em>(not original budget)</em>
- Reporting only of variances that exceed a certain value.
3
Q

A
(10 x £5) + (8 x £2.50) = £70
4
Q

A

5
Q

A

6
Q
- What is an aggressive working capital policy?
- What effect does this have on liquidity, profit and risk?
A
- Long term needs are fianced with short term funds.
- Liquidity would drecrease, therfore risk increases. Profit also increases.
7
Q

A

8
Q

A

9
Q

A
K, L & M

10
Q

A

11
Q

A

12
Q

A

13
Q

A
