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Quiz
1
Intermediate
What is the formula to calculate Gross Profit?
Revenue x Gross Margin
Gross Margin x Units Sold
Revenue x (1 – Gross Margin)
Don’t know
2
Intermediate
In the main model example, after you copy the Working Capital and Control Account from the Revenue section, what is the value of the Closing Payables in the 5th period?
#DIV/0!
660
633
Don’t know
3
Intermediate
Which of the following is not an advantage of copying and pasting the Working Capital and Control Account sections in our model?
It helps to check the quality of calculations in earlier sections
It reduces file size
It saves time as we don’t need to recalculate the new sections
Don’t know
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