Entrepreneurship For Kids - Naomi's Budget - Part 2

Naomi has been running her lemonade stand for a week. Her mom helps her calculate the total expenses, which amount to $110. Naomi's earnings are $150, resulting in a $40 profit. Her mom advises her to keep accurate records of sales and expenses and to work on her budget. The video concludes with a teaser for the next video, which will cover Naomi's progress over the next three weeks.

What was Naomi's initial reaction to checking her lemonade stand's financial status?

• She was indifferent.

• She was disappointed.

• She was excited.

• She was nervous.

How much did Naomi spend on her lemonade stand in the first week?

• $130

• $120

• $100

• $110

What was Naomi's total earnings from her lemonade stand in the first week?

• $160

• $150

• $170

• $140

What was the profit Naomi made after her first week?

• $30

• $40

• $50

• $60

What advice is given at the end of the video?

• Reduce the price of lemonade.

• Hire more staff.

• Keep a proper record of sales and expenses.

• Expand the business quickly.