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WorksheetsBizInnovator Startup - Crunching the Numbers
Total questions: 16
Worksheet time: 9mins
Name
Class
Date
1.
Entrepreneurs pay for these expenses once, at the beginning of a business, and often include things like equipment, the inital lease for the building, goods to sell, and utility hookups.
a)
Start Up Costs
b)
Fixed Costs
c)
Variable Costs
d)
On Going Costs
2.
These expenses are paid regularly, and often includes things like payroll, rent, inventory, and marketing.
a)
On Going Costs
b)
Fixed Costs
c)
Start Up Costs
d)
Variable Costs
3.
This process is used to plan for upcoming revenues and expenses.
a)
Budgeting
b)
Fundraising
c)
IPO
d)
Funding Round A
4.
Net profit or loss is shown on this financial document.
a)
Income Statement
b)
Cash-Flow Plan
c)
Balance Sheet
d)
Equity Statement
5.
The amount, or percentage, added to the costs of a product to arrive at the selling price.
a)
Mark Up
b)
Wholesale Price
c)
Discount
d)
Capital
6.
A ratio that compares the gain or loss from an investment relative to its cost.
a)
ROI
b)
Investment Ratio
c)
Net Income
d)
Cash Flow Perecentage
7.
A financial document that explains how cash is being used during a period of time.
a)
Cash-Flow Statement
b)
Income Statement
c)
Balance Sheet
d)
W2 Payroll Form
8.
The different ways that a business plans to generate a profit.
a)
Revenue Stream(s)
b)
Budget
c)
Securing a Loan
d)
ROI
9.
The property that you can let the lender keep until the loan is paid off is described as this (5 Cs of Credit).
a)
Collateral
b)
Capital
c)
Capacity
d)
Credit
10.
Honoring one's obligation to repay a loan is described as this "C" (5 Cs of Credit).
a)
Character
b)
Collateral
c)
Capital
d)
Capacity
11.
Ones's financial ability to repay a loan with present income is described as this "C" (5 Cs of Credit).
a)
Capacity
b)
Credit
c)
Character
d)
Collateral
12.
If you need to borrow money, the money you already have describes this "C" (5 Cs of Credit).
a)
Capital
b)
Capacity
c)
Credit
d)
Character
13.
Bootstrapping is a method or raising funding for a start up and utilizes all resources such as as investors and banks.
a)
false
b)
true
14.
Which item is NOT a possible revenue stream for a business?
a)
Refunding Customers
b)
Subscriptions
c)
Licensing
d)
Online Sales
15.
What is the Return on the Investment for the scenario below: You invest $5000 on a mutual fund and in six months the value of the mutual fund is $5500. What is the ROI for this transaction?
a)
0.05
b)
0.09
c)
0.25
d)
0.18
16.
If your company made $6500 in revenue and had expenses of $6300 which answer best depicts the result of the Income Statement?
a)
Net income of $200
b)
Net Loss of $200
c)
The owner is in the red
d)
The net income is 6500.
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