WorksheetsDomain 4 Business Financials
Total questions: 29
Worksheet time: 15mins
Maria owns a coffee shop and spent $4,500 on marketing and $2,500 on sales efforts. She gained 350 new customers. What is her Customer Acquisition Cost (CAC)?
$10
$20
$25
$30
Jake's auto repair shop has $60,000 in assets and $35,000 in liabilities. What is Jake’s equity?
$25,000
$35,000
$60,000
$95,000
Sophia's handmade soap business generates $80,000 in total income. The cost of materials is $25,000, and she spends $30,000 on rent and utilities. What is her net income?
$15,000
$25,000
$30,000
$50,000
Carlos' graphic design studio made a gross profit of $90,000 and spent $40,000 on software and office expenses. What is his net income?
$50,000
$40,000
$30,000
$60,000
Emily's floral shop has a gross profit of $45,000 and a tax rate of 20%. What is her income tax expense?
$9,000
$8,500
$7,000
$10,000
Jordan’s fitness center has total monthly costs of $12,000. If he charges $60 per membership, how many memberships must he sell to break even?
150
200
250
300
A bakery sells cakes at $50 each. The cost to make one cake is $30, and the owner wants a 50% profit margin. What should the selling price be?
$45
$50
$55
$60
A salon had 1,200 customers at the start of the year and gained 300 new ones. By year’s end, 1,000 remained. What is the customer retention rate?
50%
58%
65%
75%
Tom runs an online clothing store. He spent $6,000 on ads and $2,000 on influencer promotions, gaining 400 new customers. What is his CAC?
$15
$20
$25
$30
A home cleaning service has assets worth $100,000 and liabilities of $60,000. What is its equity?
$40,000
$50,000
$60,000
$100,000
Lisa's candle business made $95,000 in revenue. Her cost of goods sold was $45,000. What is her gross profit?
$50,000
$55,000
$60,000
$65,000
A local gym had a gross profit of $120,000 and spent $35,000 on business expenses. What is the net income?
$85,000
$90,000
$100,000
$110,000
A barbershop's tax rate is 25%, and its gross profit is $64,000. How much does it owe in taxes?
$12,000
$16,000
$20,000
$25,000
A dog grooming service has monthly costs of $5,000 and charges $40 per grooming session. How many sessions are needed to break even?
100
120
125
150
A small bookstore sells each book for $20, and the cost to stock each book is $10. If the store wants a 40% profit margin, what should the selling price be?
$14
$18
$20
$25
A delivery business had $500,000 in total income, spent $200,000 on fuel and vehicle costs, and had $150,000 in other expenses. What is the net income?
$150,000
$200,000
$250,000
$300,000
A photographer invested $20,000 in cameras and equipment. He has $8,000 in outstanding business loans. What is his equity?
$8,000
$10,000
$12,000
$15,000
A hair salon wants to determine its customer retention rate. It started the year with 600 clients, gained 200, and ended with 700. What is the retention rate?
83%
75%
70%
65%
A restaurant has a gross profit of $120,000 and an expense of $50,000. What is its net income?
$70,000
$75,000
$80,000
$85,000
A boutique wants to sell a designer handbag at a 60% profit margin. If it costs $250 to purchase, what should the selling price be?
$325
$400
$450
$500
Which of the following best describes the selling price of a product or service?
The total amount a business spends on manufacturing
The cost of materials plus the desired profit margin
The amount a customer is willing to pay
The total revenue a business makes
A business calculates selling price using which formula?
Total Income - Cost of Goods Sold - Expenses
Assets - Liabilities
(Cost × Desired Profit Margin) + Cost
Revenue - Expenses
What does a balance sheet show?
A company's total revenue and expenses
A list of products and services a company sells
A company’s assets, liabilities, and equity for a period of time
The amount of profit a business makes
Which of the following is an example of a business liability?
Equipment
Inventory
Credit Card Payments
Cash on hand
Which of the following would NOT be considered an asset on a balance sheet?
A company’s bank balance
Inventory stored in a warehouse
Equipment used in daily operations
A loan the company owes to the bank
Which of the following is another name for an income statement?
Profit and Loss Statement
Balance Sheet
Expense Report
Budget Summary
Gross profit is calculated using which formula?
Net Income - Cost of Goods Sold
Assets - Liabilities
Total Income - Cost of Goods Sold
Total Monthly Cost / Selling Price
Why is knowing your gross profit important for tax calculations?
Taxes are calculated based on total revenue
Businesses pay taxes on gross profit before expenses
Gross profit determines how much to reinvest
It shows how much debt a business has
Break-even point helps business owners determine:
The price at which a product should be sold
The number of products that must be sold to cover all costs
The amount of profit the business will make
The percentage of revenue to reinvest
