Pre-test

Refers to the amount added to the cost of a product to determine the selling price.

• Revenue

• Cost

• Mark up

• Mark down

Aling Marta sells bibingka in her neighbourhood, every day she can sell 45 pieces of bibingka at 20 pesos each. How much is her daily revenue?

• 900.00

• 450.00

• 800.00

• 1000.00

It is a planning tool that helps entrepreneur copes up with uncertainties in the future operation of the business.

• Revenue

• Selling

• Benchmarking

• Forecasting

The selling price of an item or merchandise is computed by adding cost per unit and __________?

• Revenue

• Mark Up

• Discount

• Number of Items

Mang Berting is a fruit vendor selling at the local public market. He gets his mangoes from a supplier at 25 pesos per kilo and sells it at 45 per kilo to his customers. How much mark-up was Mang Berting adding to his selling price?

• 25.00

• 30.00

• 15.00

• 20.00

Aling Elvie sells t-shirt at 175.00 pesos each. If each t-shirt costs 135.00 pesos. How much is the mark-up?

• 30.00

• 45.00

• 40.00

• 50.00

It is the result when sales exceed the cost to produce goods or render services.

• Forecasting

• Selling

• Revenue

• Benchmarking

It is a tool that allows managers to make educated estimates on revenue and costs of the business in order to cope up with uncertainties of the future.

• Estimating

• Guessing

• Forecasting

• Benchmarking

Refers to goods and merchandise at the beginning of operation of business or accounting period.

• Merchandise Inventory, end

• Merchandise Inventory, beginning

• Expenses

• Freight-in

Mang Lito sold 5 pairs of slippers. Suppose Mang Lito purchased the 5 pairs of slippers at P 30.00 each and pays P120.00 freight. Calculate how much is the cost of goods sold?

• 220.00

• 420.00

• 270.00

• 200.00