Other questions in this quiz

2. what is the formula for net book value?

  • cost - depreciation
  • contribution x quantity sold
  • total costs + total revenue
  • current assets + current liabilities

3. what is the formula for total contribution?

  • sales revenue- total variable costs
  • fixed costs + total variable costs
  • quantity sold - unit price
  • current liabilities- quantity sold

4. what is the formula for net current assets?

  • current assets - current liabilities
  • opening balance- total variable costs
  • cost - selling price
  • sales revenue - total costs

5. what is the formula for profit using contribution

  • cost of goods sold- sales revenue
  • cost - unit contribution
  • contribution per unit x margin of safety
  • unit price x quantity sold

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