
ESB Certification Review I
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
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58 questions
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1.
FLASHCARD QUESTION
Front
James owns a restaurant with beginning cash balance of $5,000, $30,000 in sales, $2,000 in utilities, $6,000 in loans and $4,000 in marketing. What is James ending cash balance?
Back
$23,000
2.
FLASHCARD QUESTION
Front
Shelly owns a car dealership. She just received a shipment of Teslas and paid $70,000 for each one and wants to make 25%. What should her selling price be?
Back
$87,500
3.
FLASHCARD QUESTION
Front
TRUE OR FALSE: Mortgage Payments are Long Term Liabilities
Back
TRUE
4.
FLASHCARD QUESTION
Front
ROI is calculated by ...
Back
Net Profit / Cost of Investment X 100
5.
FLASHCARD QUESTION
Front
Run Rate is calculated by ...
Back
Current Revenue for one month X 12
6.
FLASHCARD QUESTION
Front
What is Michelle's run rate if her revenue at the end of last month was $6,000?
Back
$72,000
7.
FLASHCARD QUESTION
Front
How many bikes does Anthony have to sell to break even if his monthly cost is $2,750.00 and each bike costs $275.00?
Back
10
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