Key Calculations (Junior Cert Business Studies): Quizzes
📚Quizzes
Practise the questions
13 questions from this quiz
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Practise the questions
13 questions from this quiz
What is the formula for calculating net cash?
What is the formula for calculating net cash?
Total income - Total expenditure
Which three types of spending make up total expenditure?
Which three types of spending make up total expenditure?
Fixed, irregular, discretionary
What is the key difference between simple and compound interest?
What is the key difference between simple and compound interest?
Compound builds on itself; simple doesn't
What does the average clause calculate in insurance?
What does the average clause calculate in insurance?
Claim payment when underinsured
How do you calculate commission for sales staff?
How do you calculate commission for sales staff?
(Total sales ÷ 100) × Commission rate
What is net pay?
What is net pay?
Gross pay minus all deductions
What is the key difference between markup and margin?
What is the key difference between markup and margin?
Markup uses cost price; margin uses selling price
What components are included in cost of sales?
What components are included in cost of sales?
Opening stock + Purchases - Closing stock
How is gross profit calculated?
How is gross profit calculated?
Sales revenue - Cost of sales
Which depreciation method gives the same amount each year?
Which depreciation method gives the same amount each year?
Straight line depreciation
What is the formula for working capital?
What is the formula for working capital?
Current assets - Current liabilities
Why is stock excluded from the acid test ratio?
Why is stock excluded from the acid test ratio?
It's not easy to convert to cash quickly
How do you calculate the rate of inflation?
How do you calculate the rate of inflation?
(Current cost - Previous cost) × 100