Shark Tank English II Semester Project - Costs

Kai is planning to open a new café. What are the Startup Costs?

• One-time expenses to launch business.

• Recurring operational expenses.

• Costs for monthly subscription fees.

• Expenditures to cover day-to-day services.

What are Fixed Costs?

• Regular expenses that don't change.

• Expenses that increase with production

• Costs that vary based on demand

• Occasional one-time fees

Tags

TEKS.ELA.9-12.II.B

TEKS.ELA.9-12.II.A

TEKS.ELA.9-12.II.B.1

TEKS.ELA.9-12.II.A.3

What are Variable Costs?

• Expenses that change with production.

• Expenses that do not change with production.

• Expenses that are fixed regardless of production.

• Expenses that are only incurred during peak production.

Tags

TEKS.ELA.9-12.II.B

David is planning to buy new equipment for his startup. Fill in the blank: Equipment costs are a type of ______.

• Variable Cost

• Fixed Cost

• Equity

• Initial Cost

Liam is starting a small business and needs to calculate his initial inventory costs. Which of the following are a type of initial cost?

• initial inventory

• utilities

• salaries

• shipping costs

Fill in the blank: First month's rent is a______.

• Variable Cost

• Start Up Cost

• cost we don't factor

• Fixed Cost

Anika runs a small bakery and wants to calculate her Total Fixed Costs. What is the formula she should use?

• TFC = TC - TVC

• TFC = TR - TVC

• TFC = Total Revenue - Total Costs

• TFC = Fixed Costs + Variable Costs

Harper is starting a small café. Which of the following is an example of a fixed cost for her business?

• Raw materials

• Rent

• Commission

• Packaging

True or False: Fixed costs must be paid even with zero revenue.

• True

• False

Fill in the blank: One component of variable costs is _________.

• Raw materials

• Fixed labor

• Depreciation

• Rent