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Financial Concepts and Calculations Quiz

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Financial Concepts and Calculations Quiz

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Questions and Answers

Which formula calculates the profit of a business?

Total revenue - Total costs

Total contribution - Fixed costs

Revenue - Total costs (correct)

Total costs - Fixed costs

What is the formula for calculating market share?

Sales of one product - Total sales in the market

Sales of one product x Total sales in the market

Sales of one product + Total sales in the market

Sales of one product / Total sales in the market (correct)

What is the formula for calculating labour productivity?

Output over a time period - number of employees

Output over a time period / number of employees (correct)

Output over a time period + number of employees

Output over a time period x number of employees

What is the formula for calculating capacity utilisation?

<p>Actual level of output / maximum possible output x 100</p> Signup and view all the answers

What is the formula for calculating net gain?

<p>Expected value - initial cost of decision</p> Signup and view all the answers

Study Notes

Formulas for Business Calculations

Profit formula: Profit = Revenue - Total Costs
Market share formula: Market Share = (Company's Sales ÷ Total Market Sales) × 100
Labour productivity formula: Labour Productivity = Total Output ÷ Total Labour Hours
Capacity utilisation formula: Capacity Utilisation = (Actual Output ÷ Maximum Potential Output) × 100
Net gain formula: Net Gain = (Selling Price - Cost Price) ÷ Cost Price × 100

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Description

Test your knowledge of basic financial concepts and calculations with this quiz. Covering topics such as revenue, costs, profit, and market capitalization, this quiz will challenge your understanding of key financial terms and calculations used in business. Perfect for anyone looking to brush up on their financial acumen or prepare for a finance-related exam.