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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: O 75% €150,000 €250,000 20% 25%

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
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 23 Which of the following are not allowable against corporation tax? O Dividends O R&D costs O Interest O Marketing costs O Cost of sales QUESTION 24 Which of the following is true? O Business angels prefer debt to equity investments Business angels are often related to the entrepreneurs they invest in O Organisations can act as business angels too O Business angels invest most of their wealth in other people's businesses O Business angels are usually experienced businessmen QUESTION 25 Which of the following is not an example of financial bootstrapping? Credit cards O Taking out a business loan from a bank O Bartering O Sweat equity O Selling property and renting instead
Transcribed Image Text:QUESTION 23 Which of the following are not allowable against corporation tax? O Dividends O R&D costs O Interest O Marketing costs O Cost of sales QUESTION 24 Which of the following is true? O Business angels prefer debt to equity investments Business angels are often related to the entrepreneurs they invest in O Organisations can act as business angels too O Business angels invest most of their wealth in other people's businesses O Business angels are usually experienced businessmen QUESTION 25 Which of the following is not an example of financial bootstrapping? Credit cards O Taking out a business loan from a bank O Bartering O Sweat equity O Selling property and renting instead
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
Transcribed Image Text: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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