Monitoring and Controlling (HSC SSCE Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What % of small business failures is due to inadequate cash flow according to ASIC data?
What % of small business failures is due to inadequate cash flow according to ASIC data?
49%
Which financial statement specifically measures profitability over a trading period?
Which financial statement specifically measures profitability over a trading period?
Income statement
What type of transactions does a cash flow statement record?
What type of transactions does a cash flow statement record?
Only actual cash transactions
In the OIF framework, issuing shares to raise capital is classified as which activity?
In the OIF framework, issuing shares to raise capital is classified as which activity?
Financing activity
Which are examples of cash outflows from operating activities?
Which are examples of cash outflows from operating activities?
Wages, supplier payments, rent
What is the formula for calculating cost of goods sold (COGS)?
What is the formula for calculating cost of goods sold (COGS)?
Opening stock + Purchases - Closing stock
Net profit is calculated as which of the following?
Net profit is calculated as which of the following?
Gross profit - Total expenses
In the SAF framework, advertising costs are classified as which type of expense?
In the SAF framework, advertising costs are classified as which type of expense?
Selling expense
How does a balance sheet differ in timing from cash flow and income statements?
How does a balance sheet differ in timing from cash flow and income statements?
Snapshot at a point in time, not a period
What is the fundamental accounting equation?
What is the fundamental accounting equation?
Assets = Liabilities + Owners' equity