Which of the following businesses use Service Income in recording revenues?

• Beauty Salon

• Sari-sari store

• Movie House

• Hardware

The costs incurred through payment of utilities such as water, electricity, internet connection is considered as ________?

• costs

• purchases

• operating expenses

• personal expense of the owner

A merchandising business earns through ______?

• rendering services

• lending money

• donating products

• buys and sells goods

Irene sells fashion bags online. She gets each bag for P 150.00 from a local supplier. She then adds P 100.00 as mark-up for each bag. How much is the selling price of each bag?

• P 200.00

• P 250.00

• P 300.00

• P 350.00

Nathaniel sells bottled water in a nearby city bus terminal. Every day he can sell 30 pieces of bottled water at 20 pesos each. How much is Nathaniel’s daily sales?

• P 900.00

• P 800.00

• P 700.00

• P 600.00