Support team quiz
Support Team Proficiency Quiz
Test your knowledge on crucial financial concepts and support team responsibilities with our engaging quiz. Perfect for both beginners and seasoned professionals, this quiz covers key topics you need to master!
- Understand net profit and loss
- Explore property valuation and its implications
- Learn about loan terms and conditions
Which of these is the net profit/loss
Profit for the financial year
Profit before taxation
Gross profit
Net current assests
Where can second charges on properties be found
Call credit
QCB
Property valuations
What is the gross profit
How much money if left in the business after all expenses are paid
Difference between the total sales and the cost of sales
Total profit before tax
The capital account figure
What does it mean if there net current assests is a negative figure
The company is owed more in than out
The company is owed more out than in
The company doesn't exist anymore
The company did not make any sales
What is the maximum interest rate of flexlite loans
0.9%
2.9%
3.5%
3.9%
What is the LTV % taken for loans of 48 months
85%
80%
75%
70%
For secured loans applicants must be solvent for loan terms above how many months
6
12
24
36
Under what section do you include provisions for liabilities
Net profit
Tangible assets
Fixed assets
Non-current liabilities
What should NOT be excluded from bank statements ( more than one )
HMRC grants
Money in from director
Loans
Direct debits
Do secured loans provide a higher or lower interest rate
Higher
Lower
Above what loan amount is there needed a homeowner guarentee
15k
20k
25k
30k
What is the minimum RN score for a sole trader
250
300
350
400
What is the maximum loan term for any loan
36 months
48 months
60 months
72 months
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