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. Describe the purpose of a statement of financial position (balance sheet)

  • To predict the financial position of the business
  • To show the financial position of a business at a point in time
  • To show what a business owns

3. The business sell books for £12 each. They cost £5 to make. The fixed costs are £735. Calulate the break even

  • 795 books
  • £795
  • 105 books
  • £105

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

  • Retained profit
  • Mortgage
  • Bank overdraft

5. Which of these are types of assets which would appear on the balance sheet?

  • Advertising
  • Machine
  • Sales

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emily_jade

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