Income Statement - Fish & Chips
Authored by Dave Gledhill
Business
11th - 12th Grade
Used 5+ times
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11 questions
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1.
CATEGORIZE QUESTION
5 mins • 1 pt
Allocate the items to their correct category!
Groups:
(a) Revenue
,
(b) Expense (Non-COGS)
,
(c) Expense (COGS)
,
(d) Sharks
Advertising
750kg of Fish
2000 Small Fish & Chips
Wages
100 Bottles of Vinegar
Mako
Phone Bill
4,500 Large Fish and Chips
Vehicle
Rent
Hammerhead
Whale
Tiger
Car Insurance
10,000 Medium Fish & Chips
Great White
2500 Frozen Chips
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is the correct cost of the frozen chips?
£2100
£2500
£2000
£2800
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does COGS stand for?
Cost of Goods Sold
Cost of Goats Sold
Cost of Gold Sold
Coats off Good Start
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is NOT a fish?
Cod
Haddock
Bream
Kit
Answer explanation
A Kit is the name for a baby fox, beaver or raccoon.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these was the chip shop's biggest expense?
750kg of Fish
Rent
Wages
Advertising
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which was the chip shop's largest source of revenue?
Small Fish & Chips
Medium Fish & Chips
Large Fish & Chips
Battered Sausage
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If one pack of frozen chips can make 5 large portions of chips, how many portions could you make with the total packs that the chip shop bought?
50
5000
12500
1000
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