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