Income Statement CFu
Authored by HELENA MOSELY
Business
9th - 12th Grade
Used 5+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A bakery has cupcake sales of $4000 for its first month of operation.
The cost of flour, sugar, and other ingredients is $1300.
Rent is $850
Utilities is $150
Wages $1500
Calculate the gross profit.
$1700
$2700
$200
$4000
2.
DROPDOWN QUESTION
1 min • 1 pt
Categorize the following: $3,000 earned from consulting services. (a)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A graphic designer earns $1,500 from creating logos
Spends $400 on software subscriptions
$125 for internet
Calculate the net income.
$975
$1100
$1375
$525
4.
CATEGORIZE QUESTION
3 mins • 1 pt
Organize these options into the right categories
Groups:
(a) Expenses
,
(b) Revenue
,
(c) COGS
Utilities
Office Supplies
Fees
Rent
Investment Income
Royalties
Salaries
Taxes
Ingredients
Sales
Subscriptions
Advertising
Commissions
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A car repair shop earned $5700 for repairs.
Replacement parts cost $1250
labor costs are $2200
shop utilities are $250.
Calculate the net income.
$200
$2000
$2500
$2250
6.
DROPDOWN QUESTION
1 min • 1 pt
Categorize the following: $2,000 spent on employee training. (a)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An online store sells $15,000 worth of products.
The cost of the products is $9,000
Shipping costs are $1,000
Office supplies $100
What is the gross profit?
$10,000
$5000
$4900
$6000
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