Finance (Question 1)

Question 1

Statement of Financial Position

Answer 1

1

Question 2

Income Statement

Answer 2

1

Question 3

Return on Capital Employed (Calculation)

Answer 3

1

Question 4

Return on Capital Employed (How does it relate to financial position?)

Answer 4

1

Question 5

Net Assets Turnover (Calculation)

Answer 5

1

Question 6

Net Assets Turnover (How does it relate to financial position?)

Answer 6

1

Question 7

Gross Profit Margin (Calculation)

Answer 7

1

Question 8

Gross Profit Margin (How does it relate to financial position?)

Answer 8

1

Question 9

Operating Profit Margin (Calculation)

Answer 9

1

Question 10

Operating Profit Margin (How does it relate to financial position?)

Answer 10

1

Question 11

Current Ratio (Calculation)

Answer 11

1

Question 12

Current Ratio (How does it relate to financial position?)

Answer 12

1

Question 13

Interest Cover (Calculation)

Answer 13

1

Question 14

Interest Cover (How does it relate to financial position?)

Answer 14

1

Question 15

Gearing (Calculation)

Answer 15

1

Question 16

Gearing (How does it relate to financial position?)

Answer 16

1

Question 17

Inventory Days (Calculation)

Answer 17

1

Question 18

Inventory Days (How does it relate to financial position?)

Answer 18

1

Question 19

Trade Receivable Days (Calculation)

Answer 19

1

Question 20

Trade Receivable Days (How does it relate to financial position?)

Answer 20

1

Question 21

Trade Payable Days (Calculation)

Answer 21

1

Question 22

Trade Payable Days (How does it relate to financial position?)

Answer 22

1

Question 23

Quick Ratio (Calculation)

Answer 23

1

Question 24

Quick Ratio (How does it relate to financial position?)

Answer 24

1

Question 25

What is the Accruals Concept?

Answer 25

1

Question 26

How would you apply the Accruals Concept to the Financial Statements?

Answer 26

1

Question 27

Define ‘Limited Company’

Answer 27

1

Question 28

Define ‘Profitability’

Answer 28

1

Question 29

Define ‘Liquidity’

Answer 29

1

Question 30

Define ‘Solvency’

Answer 30

1

Question 31

Define ‘Asset’

Answer 31

1

Question 32

Define ‘Liability’

Answer 32

1

Question 33

Define an ‘Audit’

Answer 33

1

Question 34

Define a ‘Statement of Financial Position’

Answer 34

1

Question 35

Define an ‘Income Statement’

Answer 35

1

Question 36

Explain your rights as a substantial shareholder in a business

Answer 36

1

Question 37

Explain your risks as a substantial shareholder in a business

Answer 37

1

Question 38

Explain why you would prefer a business loan over a personal loan

Answer 38

1