ESB Steps/T-F/Formulas

Front

Larry owns a shoe store. His starting balance last month was $18,300. His ending balance was $13,700. What is Larry's burn rate?

Back

$4,600

Front

Deidre owns a pet store. Last month, her income was $6,500, her cost of goods was $1,000 and her total expenses were $2,500. What are Deidre's net income and gross income for the last month?

Back

Net income = $3,000 and Gross income = $5,500

Front

James owns a sporting goods store. He just manufactured his own bicycle brand and needs to figure out what the selling price should be. The manufacturing cost per bike is $85 and his desired price margin is 25%. What's James' selling price?

Back

$106.25

Front

Terri owns a computer repair shop. Her revenue at the end of last month was $5,450. What is Terri's run rate?

Back

$65,400

Front

What is Holden's equity if his assets include $10,500 in cash, $4,400 in inventory, $6,000 in equipment, and $25,000 for a delivery vehicle, and his liabilities include a $2,500 credit card balance, $3,200 in bank loans, and $25,500 in mortgage payments for the restaurant?

Back

$14,700

Front

What is Lauren's ending cash balance for the year if she had a beginning cash balance of $4,000, $52,250 in total cash sales, $3,300 for utilities, $6,500 in loan payments, and $4,200 for marketing costs?

Back

$42,250

Front

How many dogs must Melody groom to break even each month if her total monthly cost is $3,100 and she charges $25 per grooming service?

Back

124

Front

What is Hailey's ending cash balance if she had a beginning cash balance of $5,700, $98,000 in total cash sales, $4,000 for utilities, $2,000 in loan payments, and $3,600 for marketing costs?

Back

$94,100

Front

What is Amanda's equity if her assets include $21,000 in cash, $5,000 in inventory, and $5,000 in equipment, and her liabilities include a 5,000 credit card balance and $900 in long term debt?

Back

$25,100

Front

What is Jerry's burn rate if his starting balance was 1,800 and his ending balance was 2,300?

Back

-$500