1
Q
Current ratio
A
current assets/ current liabilities
2
Q
Acid test
A
current assets- closing inventory/ current liabilities
3
Q
Rate of inventory turnover
A
cost of sales/ average inventory
average inventory= opening inventory + closing inventory/2
4
Q
Gross profit %
A
gross profit/ sales revenue x 100
5
Q
Profit for the year %
A
PFTY / sales revenue x 100
6
Q
Return on equity employed
A
PFTY/ opening equity x 100
7
Q
what is the definition of profit for the year
A
percentage of profit made on sales after expenses are deducted
Business
flashcards
Decks in class (42)
# Cards
-
Understanding Business37
-
Methods of growth28
-
External and internal factors12
-
Ownership, control and finance8
-
Internal structures24
-
Organisational groupings19
-
Decision making18
-
Stakeholder Interdependence6
-
Stakeholder Conflicts8
-
The marketing mix- product16
-
The marketing mix- Price27
-
The marketing mix- promotion18
-
The marketing mix- Place19
-
Physical evidence, people, process8
-
Market research13
-
Field Research33
-
Operations- inventory control23
-
Quality10
-
Methods of production15
-
Technology in operations9
-
Finance16
-
Sources of finance42
-
ICT in the finance department12
-
Ratio analysis14
-
Finance ratios7
-
Recruitment14
-
Selection14
-
Employment Legislation9
-
Appraisal7
-
Leadership3
-
Motivation strategies and theories3
-
Training20
-
HRM8
-
Employee relations12
-
Employee relations organisation15
-
Understanding business past papers21
-
Marketing past paper questions17
-
Operations past paper questions16
-
HRM past paper questions19
-
Finance past paper questions11
-
Income statement terms18
-
Company Policies That Impact On Employees14
