QUIZ ABOUT FORECAST THE REVENUE OF THE BUSINESS

What is the term for the difference between revenue and total cost in a business?

(a)  

This is the term for the number of items for which the profit is calculated.

(a)  

Marco decided to offer a 10% price reduction on his cupcakes to encourage more sales at his bakery. What is this price reduction called?

(a)  

This is an educated prediction for the upcoming year about how much money your company will likely bring in.

(a)  

Cost is the amount for which items are acquired or produced, also known as the cost of goods sold.

• TRUE

• FALSE

Unit cost is the amount for which a single item is sold.

• TRUE

• FALSE

The forecaster should choose a way that creates the simplest use of accessible data.

• TRUE

• FALSE

Revenue streams are the assorted sources from which a business earns money from the sale of products or the availability of services.

• TRUE

• FALSE

Start with next year’s revenue statements for a basis of prediction.

• TRUE

• FALSE

A small bakery sells cookies at a unit price of PHP 20, and the cost to make one cookie is PHP 8. If the bakery sells 150 cookies in a day, calculate the total profit for that day

(a)