
Chapter 28 Review (Forecasting and Income Statement
Authored by Tonya Brooks
Business
12th Grade
Used 2+ times

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30 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 3 pts
Which of the following are potential revenue streams for a popular web series airing on YouTube?
advertising
syndication
sponsorship
all of the above
2.
MULTIPLE CHOICE QUESTION
1 min • 3 pts
The sales forecasting technique in which you predict selling as many products as you can is called
target selling
order projecting
market share
full capacity
3.
MULTIPLE CHOICE QUESTION
1 min • 3 pts
Which of the following is not helpful in sales forecasting?
researching industry standards
estimating market share
observing the competition
developing a savings plan
4.
MULTIPLE CHOICE QUESTION
1 min • 3 pts
If you expect to serve 1,000 customers next year who make an average of 2 purchases each for an average amount of $35, your sales forecast will be
$35,000
$70,000
$1,000
$60,000
5.
MULTIPLE CHOICE QUESTION
1 min • 3 pts
An income statement is also called a
balance sheet
cash flow statement
profit and loss statement
sale forecast
6.
MULTIPLE CHOICE QUESTION
1 min • 3 pts
On an income statement, gross profit is calculated by
subtracting the cost of goods sold from the net sales
subtracting the cost of goods sold from the operating expenses
adding the cost of goods sold to the pre-tax profit
adding the cost of goods sold to the total revenue
7.
MULTIPLE CHOICE QUESTION
1 min • 3 pts
An income statement does not show
profits
expenses
cash on hand
taxes
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