BizInnovator Startup - Crunching the Numbers

The amount, or percentage, added to the costs of a product to arrive at the selling price.

• Mark Up

• Discount

• Cost Price

• Retail Price

The different ways that a business plans to generate a profit.

• Profit Model

• Revenue Stream(s)

• Cost Structure

• Market Strategy

If your company made $6500 in revenue and had expenses of $6300 which answer best depicts the result of the Income Statement?

• Net income of $200

• Net income of $300

• Net income of $150

• Net income of $100

Net profit or loss is shown on this financial document.

• Balance Sheet

• Cash Flow Statement

• Income Statement

• Statement of Changes in Equity

Honoring one's obligation to repay a loan is described as this "C" (5 Cs of Credit).

• Character

• Capacity

• Capital

• Collateral

If you need to borrow money, the money you already have describes this "C" (5 Cs of Credit).

• Collateral

• Credit Score

• Capital

• Character

Entrepreneurs pay for these expenses once, at the beginning of a business, and often include things like equipment, the initial lease for the building, goods to sell, and utility hookups.

• Operating Expenses

• Start Up Costs

• Recurring Costs

• Variable Costs

Bootstrapping is a method of raising funding for a startup and utilizes all resources such as investors and banks.

• true

• false

• only uses personal savings

• requires venture capital

A financial document that explains how cash is being used during a period of time.

• Income Statement

• Balance Sheet

• Cash-Flow Statement

• Statement of Retained Earnings

Which item is NOT a possible revenue stream for a business? Refunding Customers, Subscriptions, Licensing, Online Sales

• Refunding Customers

• Subscriptions

• Licensing

• Online Sales