Financial Analysis (AQA A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is another name for an income statement?
What is another name for an income statement?
Profit & loss account
What does revenue include on an income statement?
What does revenue include on an income statement?
Cash payments & credit sales
How long should an income statement cover to avoid being misleading?
How long should an income statement cover to avoid being misleading?
12 months (full accounting year)
How is gross profit calculated?
How is gross profit calculated?
Revenue - Cost of sales
How is operating profit calculated?
How is operating profit calculated?
Gross profit - Operating expenses
What does retained profit represent?
What does retained profit represent?
Profit after tax - Dividends paid
Which type of company must legally publish their accounts?
Which type of company must legally publish their accounts?
Public limited companies (PLCs)
Why do high street retailers need 12-month income statements?
Why do high street retailers need 12-month income statements?
Half their revenue comes before Christmas
What is profit after tax also called?
What is profit after tax also called?
Profit for the year
What do companies balance when deciding what to do with profits?
What do companies balance when deciding what to do with profits?
Paying dividends & reinvesting