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DOMAIN 4: Business Financials Pre-Assessment

Authored by Zina Thomas

Business

9th - 12th Grade

Used 12+ times

DOMAIN 4: Business Financials Pre-Assessment
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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

What is the formula for determining a "Return On Investment" (ROI) ?

ROI = (Net profit/Cost of Investment) x 100

ROI = (Net profit/Cost of Investment) / 100

ROI = (Net profit + Cost of Investment) x 100

ROI = (Net profit - Cost of Investment) x 100

2.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

What is the formula for determining "Gross Profit" ?

Gross Profit = Income + Cost of Goods

Gross Profit = Income x Cost of Goods

Gross Profit = Income/Cost of Goods

Gross Profit = Income - Cost of Goods

3.

MULTIPLE CHOICE QUESTION

3 mins • 5 pts

What is the Formula for determining "Net Profit" ?

Net Profit = Value Of Investment - Cost Of Investment

Net Profit = Value Of Investment x Cost Of Investment

Net Profit = Value Of Investment / Cost Of Investment

Net Profit = Value Of Investment + Cost Of Investment

4.

MULTIPLE CHOICE QUESTION

3 mins • 5 pts

What is the Formula for Determining "Selling Prices" ?

Selling Price = (Cost/Desired Profit Margin) + Cost

Selling Price = (Cost x Desired Profit Margin)

- Cost

Selling Price = (Cost x Desired Profit Margin) + Cost

Selling Price = (Cost -Desired Profit Margin) /Cost

5.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

What is the Formula for "Determining Ending Cash Balance"?

Ending Cash Balance = Total Cash + Total Costs

Ending Cash Balance = Total Cash x Total Costs

Ending Cash Balance = Total Cash - Total Costs

Ending Cash Balance = Total Cash/Total Costs

6.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

What is the formula for "Determining Equity"?

Equity = Assets x Liabilities

Equity = Assets - Liabilities

Equity = Liabilities - Assets

Equity = Liabilities/Assets

7.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

What is the formula for "Determining Net Income"?

Net Income = Income - Cost of Goods Sold x Expenses

Net Income = Income x Cost of Goods Sold x Expenses

Net Income = Income - Cost of Goods Sold - Expenses

Net Income = Income + Cost of Goods Sold + Expenses

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