BTEC Unit 2 Finance

Help with unit 2 exam in BTEC

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1. 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
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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. Define start up cost

  • The costs incurred when setting up a business
  • A cost which stays the same every month
  • A cost which changes directly with output

4. 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

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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It does not actually give you your score or answers!!

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