BTEC Unit 2 Finance

Help with unit 2 exam in BTEC

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1. What is the formula for working capital?

  • Current assets/ current liabilites
  • Current liabilites/Current assets
  • Current assets – current liabilites
  • Current assets + current liabilites
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2. Explain what a cash deficit is

  • When there is more money going out than coming in
  • When there is more money going out than coming in
  • When the money going out equals the money coming in

3. Which of the following best describes capital?

  • How a business is funded
  • The expense over the year
  • What the business owes
  • The earnings over the year

4. Which of the following best describes the margin of safety?

  • Revenue plus expenditure
  • Actual sales plus break even units
  • Actual sales minus break even units
  • Revenue equals expenditure

5. Which of the following are an internal source of funds for a business?

  • Bank overdraft
  • Retained profit
  • Mortgage

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