What assumption does this statement say "Break even is 54 units"?
SGS Business Unit 1 Finance Knowledge Test

Quiz
•
Business
•
9th - 11th Grade
•
Hard
Ally Peake
Used 16+ times
FREE Resource
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
if we sell 55 we aren't making a profit
if we sell 54 we begin to make a profit
if we sell 55 we begin to make a profit
if we sell 54 we are not yet at break even point
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for contribution?
cost price - selling price
fixed costs - variable costs
selling price - variable cost
selling price - cost price
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the break-even point in units for a company whose total fixed costs are £275,450; selling price per unit is £16; and variable cost per unit is £14.75?
220,360
150,300
183,633
225,120
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which option is the correct formula to calculate total sales revenue?
Selling price per unit x output sold
Total fixed costs + total variable costs
Unit cost x output
Total inflows - total outflows
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A business has an agreed overdraft limit of £10,000, which it has used 75% of, on average, throughout the year. The interest rate on the overdraft facility is 15% per annum. Which option represents the amount of interest the business paid this year on its overdraft?
£1,125
£1,500
£7,500
£8,625
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