QUESTION 23Which of the following are not allowable against corporation tax?O DividendsO R&D costsO InterestO Marketing costsO Cost of salesQUESTION 24Which of the following is true?O Business angels prefer debt to equity investmentsBusiness angels are often related to the entrepreneurs they invest inO Organisations can act as business angels tooO Business angels invest most of their wealth in other people's businessesO Business angels are usually experienced businessmenQUESTION 25Which of the following is not an example of financial bootstrapping?Credit cardsO Taking out a business loan from a bankO BarteringO Sweat equityO Selling property and renting instead QUESTION 21If a business has sales of €200,000 and cost of sales of €50,000, what is its gross margin? Select one:75%€150,000€250,00020%25%QUESTION 22Which of these is current liability?StocksCashDebtorsCreditorsO VAT repayable

FIRST IT IS NECESSARY TO UNDERSTAND THAT GROSS PROFIT IS SALES MINUS COST OF GOODS SOLD/COST OF…

Answered: QUESTION 21 If a business has sales of…

QUESTION 21 If a business has sales of €200,000 and cost of sales of €50,000, what is its gross margin? Select one: O 75% €150,000 €250,000 20% 25%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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QUESTION 21
If a business has sales of €200,000 and cost of sales of €50,000, what is its gross margin? Select one:
75%
€150,000
€250,000
20%
25%
QUESTION 22
Which of these is current liability?
Stocks
Cash
Debtors
Creditors
O VAT repayable

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