2 (a) Which two of the following can be interpreted from a break even diagram? Select two answers. A Insolvency B Margin of safety C Market share D Net cash flow E Profit (b) Which two of the following are types of technology that could be used by a business? Select two answers. A Consumer law B Crowd funding C Digital communication D Marketing mix E Payment systems Table 1 shows the cash-flow forecast for a small business. (c) Complete the table with the two missing figures. Cash inflows 12 600 13 400 Cash outflows 8 200 9 100 Net cash flow 4 400 (ii) Opening balance 600 5 000 Closing balance (i) 9 300

GCSE Edexcel Business Revenue, costs and profits: 2 (a) Which two of the following

2 (a) Which two of the following can be interpreted from a break even diagram? Select two answers - Edexcel - GCSE Business - Question 2 - 2021 - Paper 1

Question 2

2 (a) Which two of the following can be interpreted from a break even diagram? Select two answers. A Insolvency B Margin of safety C Market share D Net cash f... show full transcript

Worked Solution & Example Answer:2 (a) Which two of the following can be interpreted from a break even diagram? Select two answers - Edexcel - GCSE Business - Question 2 - 2021 - Paper 1

Step 1

Which two of the following can be interpreted from a break even diagram?

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Answer

From a break even diagram, the two interpretations are:

Margin of safety - This indicates how much sales can drop before the business reaches the break even point.
Profit - This shows the area above the break even point, indicating the profit made after covering all fixed and variable costs.

Step 2

Which two of the following are types of technology that could be used by a business?

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Answer

The two relevant technologies for a business are:

Digital communication - This technology facilitates interaction between businesses and customers or among employees.
Payment systems - These are technologies that allow businesses to process transactions efficiently.

Step 3

Complete the table with the two missing figures.

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Answer

The missing figures in the cash-flow forecast are:

Closing balance for June is 9 300. This is calculated by adding the net cash flow for June to the opening balance.
Net cash flow for June is 4 300. This is derived from cash inflows minus cash outflows:

$ext{Net Cash Flow} = ext{Cash Inflows} - ext{Cash Outflows} = 13,400 - 9,100 = 4,300$

2 (a) Which two of the following can be interpreted from a break even diagram? Select two answers - Edexcel - GCSE Business - Question 2 - 2021 - Paper 1

Worked Solution & Example Answer:2 (a) Which two of the following can be interpreted from a break even diagram? Select two answers - Edexcel - GCSE Business - Question 2 - 2021 - Paper 1

Which two of the following can be interpreted from a break even diagram?

Which two of the following are types of technology that could be used by a business?

Complete the table with the two missing figures.

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