ESB study guide (equations)

What is Equation for selling price?

• = (Cost x Desired Profit Margin) + Cost

• = (Cost - Desired Profit Margin) + Cost

• = (Cost + Desired Profit Margin) + Cost

• = (Cost / Desired Profit Margin) + Cost

What is the equation for equity?

• = Assets - Liabilities

• = Assets + Liabilities

• = Assets / Liabilities

• = Assets x Liabilities

What is the equation for Liability?

• = Assets + Equity

• = Assets - Equity

• = Assets / Equity

• = Assets x Equity

What is the equation for assets?

• = Liabilities / Equity

• = Liabilities - Equity

• = Liabilities + Equity

• = Liabilities x Equity

what is the equation for net income?

• = Total Income - Cost of Goods Sold - Expenses

• = Total Income x Cost of Goods Sold - Expenses

• = Total Income + Cost of Goods Sold - Expenses

• = Total Income - Cost of Goods Sold + Expenses

What is equation for gross profit?

• = Income x Cost of Goods Sold

• = Income / Cost of Goods Sold

• = Income + Cost of Goods Sold

• = Income - Cost of Goods Sold

equation for income tax expense?

• = Gross Profit + Tax Rate

• = Gross Profit - Tax Rate

• = Gross Profit / Tax Rate

• = Gross Profit x Tax Rate

equation for break-even point?

• = Total Monthly Cost x Selling Price

• = Total Monthly Cost - Selling Price

• = Total Monthly Cost + Selling Price

• = Total Monthly Cost / Selling Price

equation for ending cash balance?

• = Total Cash x Total Cost

• = Total Cash / Total Cost

• = Total Cash - Total Cost

• = Total Cash + Total Cost

equation for burn rate?

• = Month Starting Balance x Month Ending Balance

• = Month Starting Balance - Month Ending Balance

• = Month Starting Balance + Month Ending Balance

• = Month Starting Balance / Month Ending Balance