Expenses and Revenue Excel

What is an expense in business?

• Money spent on on something the business needs.

• Money received from the sale of the business

• Money earned to from income tax

What is Revenue?

• Money that is spent on items the business needs

• Profit from the business

• Money that come in to the business due to regular business sales.

How old do you have to be to open a business?

• 18

• No age limit

• 21

• 16

What does the business term entrepreneur mean?

• A person who is the manager of a business

• A person who organizes and operates a business with most or all of the financial risk

• A person who wants to rent a business

If the price for a cap is selling for 10 dollars and you and the business think it would sell for 20% more than the original price, how would you multiply that on excel? (Remeber the price is going UP)

• Multiply the price by .20

• Multiply the price by 1.2

If you are the owner of a Raspa stand and you want to add a 50% off your Raspas from 1-3 PM every day. How would you multiply that on excel? (Price is going down)

• Multiply by 1.5

• Multiply by .5

MORE THAN ONE ANSWER ON THIS QUESTION.

Click on all the expenses that a business might have

• Electricity

• Rent

• Sales

• Donation

What is the most important thing to consider before opening the business

• Location of your business

• Prices for your business

• Quality if your business

• Advertising for your business

(MORE THAN ONE ANSWER FOR THIS QUESTION) How do companies decide on a price for their product?

• They must first calculate how much it costs to make the product.

• They conduct a test and ask future customers if they would buy their product at different price levels. They look at where the customers begin to say no, and decide on the price before that "No" mark.

• They pick a price because their competitor has that price

• They put price ranges on a board and have the company vote on the best price

If I use auto fill and the calculations below do not work, what symbol must I use before and after the letter of the cell? 

• $ - Example $A$1
  
  

• # - Example #A#1

• ! - Example !A!q1