WorksheetsFinance quiz
Total questions: 17
Worksheet time: 51mins
Let's try one........
It costs Carl $1.50 to produce his ice cream. He wants to make a profit of 95%. What should be his selling price?
$3.58
$7.52
$2.93
$1.95
T/F: A balance sheet is a snapshot of a specific period of time like December 31, 2018.
TRUE
FALSE
T/F: An income statement shows all the money coming in, going out, and how profitable a company is.
FALSE
TRUE
Let's try one......
There is cash of $20,000
inventory of $10,000
debt of $8,000
what is the equity in this business?
$22,000
$30,000
$38,000
A Walmart store has an income of $548,936 and a Cost of goods sold of $5,297. What is the Gross Profit?
$312,835
$564,298
$543,639
$554,233
Nike has a total income from quarter 1 of $991,332 the cost of goods sold is $54,876 and expenses of $321,674. What is the Net income?
$987,457
$746,247
$1,367,882
$614,782
Let's try one........
In quarter 2 Adidas had cash of $2,312,654, costs of $73,564. What is the ending cash?
$364,248
$2,239,090
$725,487
$2,386,218
Variable costs _____ depending on production.
increase
fluctuate
remain the same
decrease
Which two types of information can be found on a profit and loss statement?
Assets
Expenses
Liabilities
Revenues
Suzy owns a pet salon. Her assets include $6,500 in cash, $2,400 in inventory, $8,000 in equipment, and $15,000 for a mobile unit. Her liabilities include a $3,500 credit card balance, $2,200 in bank loans, and $12,500 in mortgage payments for the pet salon. What is Suzy's equity?
$14,000
$13,400
$13,700
$13,200
Which three types of information can be found an a balance sheet?
Stock Options
Production costs
Liabilities
Equity
Assets
Bob owns a car dealership. He just received a shipment of luxury sports cars. He paid $50,000 for each vehicle and wants to make 25% on each car sale. What is Bob's selling price?
$62,500
$72,500
$65,000
$38,000
Lori from shark tank is trying to calculate her ROI on a product. The value of the investment is $342,876 and the cost was $213,147. What is her ROI?
158%
57%
61%
98%
If the fixed costs are $10,000, the selling price per unit is $50, and the variable cost per unit is $30, how many units must be sold to break even?
500 units
200 units
333 units
1000 units
Variable costs are best described as:
Costs that do not change with the level of output
One-time costs associated with setting up a business
Costs that change in proportion to the level of output
The costs incurred from borrowing money
Jeremiah operates a lemonade stand at the Farmer's Market. Last month, he had a beginning cash balance of $700 and total cash sales of $900, as well as $520 in selling, general, and administrative costs , $270 in loan payments, and $300 in marketing costs. What Jeremiah's ending cash balance for last month?
(a)
Johnni owns a tire shop. Last month, her starting cash balance was $17,600, his ending balance was $22,400, and his
revenue was $9,750. What was Johnni’s burn rate for last month? Write your answer as a whole integer. Include the $ and comma in your number if your answer is larger in value than $999.
(a)
