AQA A-LEVEL BUSINESS FORMULAS END OF SESSION 1 MAIN EXAM QUESTIONS WITH CORRECT ANSWERS UPDATED 2025/2026!!!||ALREADY GRADED!!!<BRAND NEW VERSION>

AQA A-LEVEL BUSINESS FORMULAS END OF SESSION 1 MAIN EXAM QUESTIONS WITH CORRECT ANSWERS UPDATED 2025/2026!!!||ALREADY GRADED!!!&lt;BRAND NEW VERSION&gt; 1) Labour Productivity - ANSWER Output Per Time Period ∻ N.O Employees 2) Labour Turnover % - ANSWER N.O Staff leaving during yr ∻ Average N.O Staff employed by business during yr x 100 3) Capacity Utilisation - ANSWER Actual Output in given time period ∻ Maximum Possible Output in given time period x 100 4) Unit Costs - ANSWER Total Costs Of Production ∻ N.O Units of Ouput Produced 5) Return On Investment (ROCE) - ANSWER Return On Investment £ ∻ Cost Of The Investment £ x 100 6) Gross Profit - ANSWER Sales Revenue - Cost Of Sales 7) Gross Profit Margin % - ANSWER Gross Profit ∻ Sales Revenue x 100 8) Profit From Operations (OPERATING PROFIT) - ANSWER Sales Revenue - Cost Of Sales - Operating Expenses 9) Operating Profit Margin % (PROFIT FROM OPERATING MARGIN) - ANSWER Profit for Yr ∻ Sales Revenue x 100 10) Profit for Year - ANSWER Operating Profit + Profit From Other Activities - Net Finance - Tax 11) Profit for Year Margin % - ANSWER Profit for Yr ∻ Sales Revenue x 100 12) Variance - ANSWER Actual - Budgeted figure 13) Labour Cost Per Unit - ANSWER Labour Costs ∻ Units of Output 14) Current Ratio : - ANSWER Current Assets ∻ Current Liabilities 15) Gearing Ratio % - ANSWER Non-Current Liabilities ∻ Total Equity + Non-Current Liabilities 16) Payables Days - ANSWER Payables ∻ Cost of Sales x 365 17) Receivables Days - ANSWER Receivables ∻ Sales Revenue x 365 18) Average Rate of Return (ARR) % - ANSWER Net Return from Project £ / N.O Yrs ∻ Initial Cost of Project x 100 19) Inventory Turnover - ANSWER Cost of Goods Sold ∻ Average Inventories Held 20) Total Contribution - ANSWER Total Revenue - Total Variable Costs