// Numbas version: exam_results_page_options {"name": "Accounting Financial Statements (weeks 1 - 3)", "metadata": {"description": "", "licence": "All rights reserved"}, "duration": 3600, "percentPass": "49", "showQuestionGroupNames": false, "shuffleQuestionGroups": false, "showstudentname": true, "question_groups": [{"name": "Group", "pickingStrategy": "all-ordered", "pickQuestions": 1, "questionNames": ["", "", "", "", "", "", "", "", "", ""], "variable_overrides": [[], [], [], [], [], [], [], [], [], []], "questions": [{"name": "Q1 Acc wk 1-3", "extensions": [], "custom_part_types": [], "resources": [], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "contributors": [{"name": "Yvonne Wancke", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/3703/"}], "tags": [], "metadata": {"description": "", "licence": "All rights reserved"}, "statement": "

A cash flow statement shows

", "advice": "", "rulesets": {}, "builtin_constants": {"e": true, "pi,\u03c0": true, "i": true}, "constants": [], "variables": {}, "variablesTest": {"condition": "", "maxRuns": 100}, "ungrouped_variables": [], "variable_groups": [], "functions": {}, "preamble": {"js": "", "css": ""}, "parts": [{"type": "1_n_2", "useCustomName": false, "customName": "", "marks": 0, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minMarks": 0, "maxMarks": 0, "shuffleChoices": true, "displayType": "radiogroup", "displayColumns": 0, "showCellAnswerState": true, "choices": ["Assets and liabilities", "Inflows and outflows", "Profit and loss"], "matrix": [0, "1", 0], "distractors": ["", "", ""]}], "partsMode": "all", "maxMarks": 0, "objectives": [], "penalties": [], "objectiveVisibility": "always", "penaltyVisibility": "always"}, {"name": "Q2 Acc 1-3", "extensions": [], "custom_part_types": [], "resources": [], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "contributors": [{"name": "Yvonne Wancke", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/3703/"}], "tags": [], "metadata": {"description": "", "licence": "All rights reserved"}, "statement": "

An income statement shows

", "advice": "", "rulesets": {}, "builtin_constants": {"e": true, "pi,\u03c0": true, "i": true}, "constants": [], "variables": {}, "variablesTest": {"condition": "", "maxRuns": 100}, "ungrouped_variables": [], "variable_groups": [], "functions": {}, "preamble": {"js": "", "css": ""}, "parts": [{"type": "1_n_2", "useCustomName": false, "customName": "", "marks": 0, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": true, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minMarks": 0, "maxMarks": 0, "shuffleChoices": false, "displayType": "radiogroup", "displayColumns": 0, "showCellAnswerState": true, "choices": ["Profit", "Inflows and outflows", "Assets and liabilities"], "matrix": ["1", 0, 0], "distractors": ["", "", ""]}], "partsMode": "all", "maxMarks": 0, "objectives": [], "penalties": [], "objectiveVisibility": "always", "penaltyVisibility": "always"}, {"name": "Q3 Acc wk 1.3", "extensions": [], "custom_part_types": [], "resources": [], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "contributors": [{"name": "Yvonne Wancke", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/3703/"}], "tags": [], "metadata": {"description": "", "licence": "All rights reserved"}, "statement": "

Which of the following might you see on a cash flow statement?

", "advice": "", "rulesets": {}, "builtin_constants": {"e": true, "pi,\u03c0": true, "i": true}, "constants": [], "variables": {}, "variablesTest": {"condition": "", "maxRuns": 100}, "ungrouped_variables": [], "variable_groups": [], "functions": {}, "preamble": {"js": "", "css": ""}, "parts": [{"type": "m_n_2", "useCustomName": false, "customName": "", "marks": 0, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minMarks": "0", "maxMarks": "3", "shuffleChoices": true, "displayType": "checkbox", "displayColumns": 0, "minAnswers": 0, "maxAnswers": 0, "warningType": "none", "showCellAnswerState": true, "markingMethod": "sum ticked cells", "choices": ["closing cash balance", "capital invested", "cash inflows", "net profit", "liabilities", "profit after tax", "fixed assets"], "matrix": ["1", "1", "1", "-0.5", "-0.5", "-0.5", "-0.5"], "distractors": ["", "", "", "", "", "", ""]}], "partsMode": "all", "maxMarks": 0, "objectives": [], "penalties": [], "objectiveVisibility": "always", "penaltyVisibility": "always"}, {"name": "Q4 Acc wk 1;3", "extensions": [], "custom_part_types": [{"source": {"pk": 1, "author": {"name": "Christian Lawson-Perfect", "pk": 7}, "edit_page": "/part_type/1/edit"}, "name": "Yes/no", "short_name": "yes-no", "description": "

The student is shown two radio choices: \"Yes\" and \"No\". One of them is correct.

", "help_url": "", "input_widget": "radios", "input_options": {"correctAnswer": "if(eval(settings[\"correct_answer_expr\"]), 0, 1)", "hint": {"static": true, "value": ""}, "choices": {"static": true, "value": ["Yes", "No"]}}, "can_be_gap": true, "can_be_step": true, "marking_script": "mark:\nif(studentanswer=correct_answer,\n correct(),\n incorrect()\n)\n\ninterpreted_answer:\nstudentAnswer=0\n\ncorrect_answer:\nif(eval(settings[\"correct_answer_expr\"]),0,1)", "marking_notes": [{"name": "mark", "description": "This is the main marking note. It should award credit and provide feedback based on the student's answer.", "definition": "if(studentanswer=correct_answer,\n correct(),\n incorrect()\n)"}, {"name": "interpreted_answer", "description": "A value representing the student's answer to this part.", "definition": "studentAnswer=0"}, {"name": "correct_answer", "description": "", "definition": "if(eval(settings[\"correct_answer_expr\"]),0,1)"}], "settings": [{"name": "correct_answer_expr", "label": "Is the answer \"Yes\"?", "help_url": "", "hint": "An expression which evaluates to true or false.", "input_type": "mathematical_expression", "default_value": "true", "subvars": false}], "public_availability": "always", "published": true, "extensions": []}], "resources": [], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "contributors": [{"name": "Yvonne Wancke", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/3703/"}], "tags": [], "metadata": {"description": "", "licence": "All rights reserved"}, "statement": "

A bank loan is an asset?

", "advice": "", "rulesets": {}, "builtin_constants": {"e": true, "pi,\u03c0": true, "i": true}, "constants": [], "variables": {}, "variablesTest": {"condition": "", "maxRuns": 100}, "ungrouped_variables": [], "variable_groups": [], "functions": {}, "preamble": {"js": "", "css": ""}, "parts": [{"type": "yes-no", "useCustomName": false, "customName": "", "marks": "2", "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "settings": {"correct_answer_expr": "false"}}], "partsMode": "all", "maxMarks": 0, "objectives": [], "penalties": [], "objectiveVisibility": "always", "penaltyVisibility": "always"}, {"name": "Q5 Acc wk 1-3", "extensions": [], "custom_part_types": [], "resources": [], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "contributors": [{"name": "Yvonne Wancke", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/3703/"}], "tags": [], "metadata": {"description": "", "licence": "All rights reserved"}, "statement": "

A business, Biscuits Now, sells biscuits and cakes to shops and private customers. Complete the income statement from the information given.

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
debtors{debtors}
wages{wages}
cost of goods sold{goods}
office building owned{office}
van rental {van}
financing costs  {fin}
rent {rent}
tax  {tax}
sales{sales}
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Income statment
££
Revenue[[0]]
Less cost of goods sold[[1]]
Gross profit[[2]]
Less overheads/expenses
wages[[3]]
van rental[[4]]
rent[[5]]
Net profit[[6]]
Financing costs[[7]]
Profit before tax[[8]]
Tax[[9]]
Profit after tax[[10]]
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"nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "goods", "maxValue": "goods", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "displayAnswer": "", "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": "2", "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": true, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "sales-goods", "maxValue": "sales-goods", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "displayAnswer": "", "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "wages", "maxValue": "wages", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "displayAnswer": "", "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": true, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "van", "maxValue": "van", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "displayAnswer": "", "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "rent", "maxValue": "rent", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "displayAnswer": "", "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": "3", "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "sales-goods-wages-van-rent", "maxValue": "sales-goods-wages-van-rent", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "displayAnswer": "", "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": true, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "fin", "maxValue": "fin", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "displayAnswer": "", "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": 1, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "sales-goods-wages-van-rent-fin", "maxValue": "sales-goods-wages-van-rent-fin", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "displayAnswer": "", "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": "3", "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "tax", "maxValue": "tax", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "displayAnswer": "", "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}, {"type": "numberentry", "useCustomName": false, "customName": "", "marks": "2", "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": false, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "minValue": "sales-goods-wages-van-rent-fin-tax", "maxValue": "sales-goods-wages-van-rent-fin-tax", "correctAnswerFraction": false, "allowFractions": false, "mustBeReduced": false, "mustBeReducedPC": 0, "displayAnswer": "", "showFractionHint": true, "notationStyles": ["plain", "en", "si-en"], "correctAnswerStyle": "plain"}], "sortAnswers": false}], "partsMode": "all", "maxMarks": 0, "objectives": [], "penalties": [], "objectiveVisibility": "always", "penaltyVisibility": "always"}, {"name": "Q6 Acc wk 1.3", "extensions": [], "custom_part_types": [], "resources": [], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "contributors": [{"name": "Yvonne Wancke", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/3703/"}], "tags": [], "metadata": {"description": "", "licence": "All rights reserved"}, "statement": "

Use the following information to complete the balance sheet below.

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
££
creditors{cred}loan on building{loan}
share capital{share}
car{car}cash at bank{cash}
office building{office}debtors{debtors}
stock{stock}overdraft{over}
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Fixed assets
Office building[[0]]
Car[[1]][[2]]
Current assets
Stock[[3]]
Debtors[[4]]
Cash at bank[[5]]
[[6]]
Current liabilities
Creditors[[7]]
Overdraft[[8]]
[[9]]
Net current assets[[10]]
Long term liability[[11]]
Net assets[[12]]
Share capital[[13]]
Retained profits[[14]]
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Which of the following are examples of expenses?

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Which of the following are examples of liabilities?

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Match the key words and definitions

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A cash flow statement shows

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The student is shown two radio choices: \"Yes\" and \"No\". One of them is correct.

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