ESB Domain 4 Study Guide

Front

What is Shay's company's equity? Options: 23200, $23,200, $30,000, $6,800

Back

$23,200

Front

Cost of goods sold is the cost of producing the goods sold by the company

Back

True

Front

T/F Labor and material costs are examples of Cost of goods sold.

Back

True

Front

Back

$3,050

Front

Back

$7,350

Front

Back

$94300

Front

Jessica's rocking chair business had a revenue of $7,000 last month. What's her run rate?

Back

$84,000

Front

T/F: ROI is used by businesses to show how much their investment is earning.

Back

True

Front

T/F: Investors and businesses use a cash flow analysis to understand how much cash they generate and spends over a period of time.

Back

True

Front

Adam owns a restaurant. A new dish is being added to the restaurant’s menu. The cost of making the dish is $6.75, and he wants to make a 33% profit on each dish he sells. What is Adam’s selling price?

Back

$8.98