WorksheetsIncome Statement CFu
Total questions: 10
Worksheet time: 10mins
A bakery has cupcake sales of $4000 for its first month of operation.
The cost of flour, sugar, and other ingredients is $1300.
Rent is $850
Utilities is $150
Wages $1500
Calculate the gross profit.
$1700
$2700
$200
$4000
Categorize the following: $3,000 earned from consulting services. (a)
A graphic designer earns $1,500 from creating logos
Spends $400 on software subscriptions
$125 for internet
Calculate the net income.
$975
$1100
$1375
$525
Organize these options into the right categories
Utilities
Taxes
Rent
Salaries
Sales
Fees
Subscriptions
Commissions
Advertising
Office Supplies
Investment Income
Ingredients
Royalties
A car repair shop earned $5700 for repairs.
Replacement parts cost $1250
labor costs are $2200
shop utilities are $250.
Calculate the net income.
$200
$2000
$2500
$2250
Categorize the following: $2,000 spent on employee training. (a)
An online store sells $15,000 worth of products.
The cost of the products is $9,000
Shipping costs are $1,000
Office supplies $100
What is the gross profit?
$10,000
$5000
$4900
$6000
What are COGS?
Rent
Utilities
Taxes
Raw Materials
Sales Revenue - Cost of Goods Sold = Gross Profit.
True
False
If I said, "What was the total revenue for Netflix this year?" What is one thing revenue could mean (a)
