Skip to content

Course home

Sign up

1.3 Putting a business idea into practice

EasyMediumHard
12345678910111213141516
Question 9

A business reports a profit for June but cannot pay a supplier on 30 June. What is the most likely explanation?

[1]
A

Cash from some sales has not yet been received

B

Fixed costs were lower than variable costs

C

Its break-even output was below its sales level

D

Profit and cash always move in opposite directions

Markscheme

1.3 Putting a business idea into practice Questions

  1. GCSE
  2. /Business
  3. /1.3 Putting a business idea into practice

38 exam-style questions on Edexcel GCSE Business 1.3 Putting a business idea into practice, covering 1.3.1a Financial aims and objectives, 1.3.1b Non-financial aims and objectives, 1.3.1c Why aims and objectives differ, 1.3.2a Revenue, costs and profit calculations, 1.3.2b Break even and margin of safety, 1.3.2c Interpretation of break even diagrams, 1.3.3a The importance of cash to a business, 1.3.3b The difference between cash and profit, 1.3.3c Cash-flow forecasts: inflows and outflows, 1.3.3d Cash-flow forecasts: net cash flow and balances, 1.3.4a Short-term sources of finance, and 1.3.4b Long-term sources of finance. Each one has a worked solution and a mark scheme showing where the marks go.

Question bank