MONEY

A company sells shirts for $12 each. It costs them $500 to start their business. After selling 10 t-shirts do they have a profit or loss? 

• profit
• loss

Tags

CCSS.7.EE.B.3

Michelle walks dogs for $5 each. She has no expenses to begin her business. After walking how many dogs will she have a profit of $25? 

• 10
• 1
• 5
• 8

Tags

CCSS.6.EE.B.7

Profit is....

• money left over after paying expenses
• making less money than spend on expenses
• money you make for working 

Tags

CCSS.7.EE.B.3

A business will have a loss when...

• they make more money than spent on expenses
• they make less money than spent on expenses. 

Tags

CCSS.6.NS.C.7C

Income is...

• money a business makes 
• money made from doing a job
• money spent on capital resources

Tags

CCSS.6.RP.A.3B

Expenses are....

• entrepreneurs
• profit 
• money made by a business
• things used to start and run a business

All businesses will make a profit 

• TRUE
• FALSE

Tags

CCSS.RI.4.2

CCSS.RI.5.2

CCSS.RL.5.2

CCSS.RL.4.1

CCSS.RL.5.1

Saving some money in the bank and having money for needs is...

• not responsible
• irresponsible 
• financially responsible 
• income 

Tags

CCSS.RI.4.2

CCSS.RI.5.2

CCSS.RL.5.2

CCSS.RL.4.1

CCSS.RL.5.1

Mr. Wilt starts a flower shop business. He sells each bouquet of flowers for $15. He works out of his house and grows the flowers in his backyard. Which would be an expense for his company? 

• soil 
• sun 
• consumers 

Mr. Wilt starts a flower shop business. He sells each bouquet of flowers for $15. He works out of his house and grows the flowers in his backyard. Which would be a capital resource for his company? 

• water 
• sun 
• watering can 
• soil