ESB Financial Formulas - v2

Front

Benjamin runs a small bakery and he just sold a batch of cupcakes. He is trying to calculate the Selling Price of the cupcakes he sold. Which formula should he use?

Back

[(COST) X (DESIRED PROFIT MARGIN)] + COST

Front

Elijah, Aria, and Benjamin are helping their friend Grace, who runs a small bakery in their neighborhood. Grace is trying to calculate her Gross Profit for the month. Which formula should she use?

Back

SALES - COGS

Front

What is the correct formula for Equity?

Back

Assets - Liabilities

Front

Avery, Noah, and Evelyn started a small bakery together. They want to calculate their Net Profit for the first quarter. Which formula should they use? Options: [(COST) X (DESIRED PROFIT MARGIN)] + COST, Assets - Liabilities, SALES – COGS - EXPENSES, SALES - COGS

Back

SALES – COGS - EXPENSES

Front

How is income tax calculated in a real-world scenario?

Back

Multiplying the gross income by the tax rate.

Front

Evelyn, James, Isla, Abigail, Rohan, and Daniel are running a small bakery. They want to calculate their bakery's Run Rate to estimate their annual earnings. How should they do it? Options: (NET PROFIT / COST OF INVESTMENT) X (100), (MONTHLY REVENUE) X (12), CASH AT THE BEGINNING – CASH BALANCE AT THE END, TOTAL CASH – TOTAL COST

Back

(MONTHLY REVENUE) X (12)

Front

How should Benjamin, Daniel, and Grace calculate the Return on Investment (ROI) for their investment in Michael's startup?

Back

(NET PROFIT / COST OF INVESTMENT) X (100)

Front

How can William, Isla, and Scarlett calculate the Breakeven Point for their bakery?

Back

The total monthly costs of running the bakery divided by the sale price per pastry.

Front

How should Liam, Benjamin, and Grace calculate the ending cash balance of their lemonade stand? Options: (NET PROFIT / COST OF INVESTMENT) X (100), (MONTHLY REVENUE) X (12), TOTAL CASH – TOTAL COST, CASH AT THE BEGINNING – CASH BALANCE AT THE END

Back

TOTAL CASH – TOTAL COST

Front

How is Income Tax calculated? Options: (GROSS INCOME) X (TAX RATE), Lily's method: TOTAL MONTHLY COST/SELLING PRICE PER UNIT, Abigail's method: ASSETS-LIABILITIES, SALES-COST

Back

(GROSS INCOME) X (TAX RATE)