When a company spends $total on production. If they earn $in total revenue at a price of $per unit, then what is the company's average total cost of production for each unit?
$20
$50
$30
$10
Q.2.
A firm producesunits at a total cost of $2,What is their average total cost of production?
$4 per unit
$5 per unit
$3 per unit
$2 per unit
Q.3.
If a company sellsunits of their product at an average price of $per unit, what is their total revenue?
$6,000
$4,500
$4,000
$7,500
Q.4.
The price of a product is $and the average total cost is $If the company produces and sellsunits of the product, then what is their economic profit?
$2,500
$175
$75
$750
Q.5.
When a company increases production from 4 to 7 units, total revenue increases from $to $What is the marginal revenue (MR) of the last unit sold?
$30
$40
$51.50
$60.25
Q.6.
If a company earns $in total revenue when they produceunits, and they earn $in economic profit, then what is the company's average total cost per unit of production?
$4
$5
$10
$40
Q.7.
The total cost for a company is $If the total variable cost is $then what is the total fixed cost for the company?
$20
$30
$40
$10
Q.8.
Apple'srevenue was $214.billion, and their net income (profit) was $45.billion. What was Apples total cost in 2016?
$168.54 billion
$157.24 billion
$172.53 billion
$161.51 billion
Q.9.
When a company produces one extra unit, their total cost increases from $7,to $8,What is the marginal cost of producing that extra unit?
$500
$8,000
$7,500
$250
Q.10.
A company hires 3 workers for a day for $each, spends $on materials for the day, and pays a fixed daily rent of $What is the company's total cost for this day of operations?
$1,250
$750
$1,000
$1,150
Q.11.
Which of these is NOT a goal of the cash flow forecast?
Start up a business
Run an existing business
Be 100% accurate
Keep the bank informed
Q.12.
How is it called when a Business runs out of cash?
Inflow
Insolvency
Insufficiency
Inaccuracy
Q.13.
Which of these ISN’T a way of holding working capital?
Cash
A company car
Debtors
Inventories
Q.14.
Which of the following ISN'T a cash flow problem?
Higher cash inflow than cash outflow
Sudden fall in sales
Unforeseen expenses
Debtors payback period is too long
Q.15.
What means "cash flow as a liquid asset"?
That it assess a company's profitability.
That is immediately available for spending on goods and services.
That it includes all purchases of capital assets and investments in other business ventures.
That it represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Q.16.
Which one of these is NOT a type of activity presented on the statement of cash flows?
Producing.
Investing.
Operating.
Financing.
Q.17.
Why is the cash flow forecast important?
To know if the business is holding too much cash that could be used in a more profitable way.
To know how much money ask the bank for.
To help the manger to know the available cash to pay/purchase.
All the above.
Q.18.
Which one is the working capital formula?
Working capital = cash received - cash spent.
Working capital = current assets - current liabilities.
Working capital = operating cash flow - capital expenditures.
Q.19.
You can have negative Net Worth.
True
False
Q.20.
What is an Asset?
debts you owe
anything you borrow
anything you own that has value
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