Hard Entrepreneurship
Authored by Joe Ho
Business
9th - 12th Grade
Used 3+ times
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9 questions
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1.
FILL IN THE BLANKS QUESTION
45 sec • 3 pts
Scenario: A new product, "EcoPen," has the following cost components:
Total cost of raw materials: 300,000
Total packaging cost: 25,000
Total utility costs: 80,000
Daily production: 100 units
Average selling days per month: 25 days
Total expenses: 15% of cost of goods sold
Markup: 35%
How much is the total cost of goods sold? Just put the digits, no need for comma (,).
(a)
2.
FILL IN THE BLANKS QUESTION
1 min • 3 pts
Scenario: A new product, "EcoPen," has the following cost components:
Total cost of raw materials: 300,000
Total packaging cost: 25,000
Total utility costs: 80,000
Daily production: 100 units
Average selling days per month: 25 days
Total expenses: 15% of cost of goods sold
Markup: 35%
Determine the cost per unit. Just put the digits, no need for comma (,).
(a)
3.
FILL IN THE BLANKS QUESTION
1 min • 3 pts
Scenario: A new product, "EcoPen," has the following cost components:
Total cost of raw materials: 300,000
Total packaging cost: 25,000
Total utility costs: 80,000
Daily production: 100 units
Average selling days per month: 25 days
Total expenses: 15% of cost of goods sold
Markup: 35%
Calculate the Mark-up Price. Round off to the nearest whole number. Just put the digits, no need for comma (,).
(a)
4.
FILL IN THE BLANKS QUESTION
1 min • 3 pts
Scenario: A new product, "EcoPen," has the following cost components:
Total cost of raw materials: 300,000
Total packaging cost: 25,000
Total utility costs: 80,000
Daily production: 100 units
Average selling days per month: 25 days
Total expenses: 15% of cost of goods sold
Markup: 35%
Calculate the selling price. Round off to the nearest whole number. Just put the digits, no need for comma (,).
(a)
5.
FILL IN THE BLANKS QUESTION
1 min • 5 pts
Scenario: A new product, "EcoPen," has the following cost components:
Total cost of raw materials: 300,000
Total packaging cost: 25,000
Total utility costs: 80,000
Daily production: 100 units
Average selling days per month: 25 days
Total expenses: 15% of cost of goods sold
Markup: 35%
Using the formula: Gross profit = Total sales - Total cost of goods sold, calculate the gross profit. Round off to the nearest whole number.
Just put the digits, no need for comma (,).
(a)
6.
FILL IN THE BLANKS QUESTION
45 sec • 3 pts
Scenario: A new product, "EcoPen," has the following cost components:
Total cost of raw materials: 300,000
Total packaging cost: 25,000
Total utility costs: 80,000
Daily production: 100 units
Average selling days per month: 25 days
Total expenses: 15% of cost of goods sold
Markup: 35%
Calculate the total expenses. Round off to the nearest whole number. Just put the digits, no need for comma (,).
(a)
7.
FILL IN THE BLANKS QUESTION
1 min • 5 pts
Scenario: A new product, "EcoPen," has the following cost components:
Total cost of raw materials: 300,000
Total packaging cost: 25,000
Total utility costs: 80,000
Daily production: 100 units
Average selling days per month: 25 days
Total expenses: 15% of cost of goods sold
Markup: 35%
Using the formula: Net profit = Gross profit - Total expenses, calculate the net profit. Round off to the nearest whole number.
Just put the digits, no need for comma (,).
(a)
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