Business Financials

Front

A summary of a business's income and expenses during a specific period (month, quarter, year)

Back

Income Statement

Front

Assets - Liabilities =

Back

Equity

Front

You bought a necklace for $40. You want to mark it up 800%. What will your selling price be?

Back

$360

Front

Assets: Inventory, Equipment, Work Trucks that are paid off.

Back

All of the above

Front

Liabilities: Loans, Mortgage, Work truck that are not paid off

Back

All of the above

Front

Expenses that are the same every month

Back

Fixed Costs

Front

Expenses that change every month

Back

Variable Costs

Front

Cash Balance + Projected Revenue - Expenses =

Back

Projected Ending Cash Balance

Front

Total Sales - Marketing Costs/Cost of Investment =

Back

Return on Investment (ROI)

Front

What are the start-up costs? Options: Permits & Business Cards, Logo & Website Design, Property Improvements, All of the above

Back

All of the above