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Entrepreneurship 12

Quiz by Math-sygnsh Peralta

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30 questions
Show answers
  • Q1
    If a company's revenue is P200,000 and its expenses are P150,000, what is its profit?
    P350,000
    P200,000
    P50,000
    P100,000
    30s
  • Q2
    What is the profit if a lemonade stand sells 300 cups of lemonade at P2 each and its total costs are P400?
    P600
    P100
    P200
    P700
    30s
  • Q3
    A bookstore purchases a book for $8 and sells it for $15. If they sell 100 books, what is their total profit?
    $800
    $700
    $1,500
    $230
    30s
  • Q4
    If the total revenue of a company is $10,000 and the cost of goods sold (COGS) is $6,000, what is the gross profit?
    $4,000
    $16,000
    $14,000
    $2,000
    30s
  • Q5
    A tech company sells a gadget for $250 each. If the production cost per gadget is $150, and they sell 200 gadgets, what is their total profit?
    $40,000
    $50,000
    $20,000
    $25,000
    30s
  • Q6
    A bakery produces cakes at a cost of $10 each and sells them at $25 each. If they sell 300 cakes, what is their profit?
    $8,500
    $7,500
    $3,000
    $4,500
    30s
  • Q7
    A software company sells its product for $500 per license. If the production and operational costs amount to $200 per license, and they sell 120 licenses, what is the company's profit?
    $30,000
    $24,000
    $36,000
    $60,000
    30s
  • Q8
    If a clothing store bought a jacket for $60 and sold it for $120, and if they sold 50 jackets, what was their total profit?
    $1,500
    $6,000
    $2,000
    $3,000
    30s
  • Q9
    A bookstore sells a novel for $20 each and buys it from the publisher at $12 each. How much profit does the bookstore make if it sells 250 novels?
    $3,000
    $5,000
    $8,000
    $2,000
    30s
  • Q10
    If an online store sells a pair of sneakers for $120 and the cost to produce and ship each pair is $80, and they sell 150 pairs, what is the store's total profit?
    $4,500
    $18,000
    $12,000
    $6,000
    30s
  • Q11
    Which of the following statements best describes the purpose of a projected financial statement?
    To forecast a company's financial performance in the future
    To assess a company's market share
    To calculate a company's current financial status
    To analyze a company's past financial performance
    30s
  • Q12
    Which financial statement provides an estimate of a company's future income and expenses?
    Projected income statement
    Balance sheet
    Historical income statement
    Cash flow statement
    30s
  • Q13
    What is the main goal of creating a projected balance sheet?
    To assess a company's customer satisfaction
    To analyze a company's past financial performance
    To present an estimate of a company's assets, liabilities, and equity at a future date
    To calculate a company's current profit margin
    30s
  • Q14
    What is the primary purpose of a projected cash flow statement?
    To evaluate a company's historical cash transactions
    To predict a company's market share growth
    To estimate the future cash inflows and outflows of a company
    To summarize a company's current assets and liabilities
    30s
  • Q15
    Which of the following financial statements projects a company's expected cash position at a future date?
    Historical income statement
    Statement of retained earnings
    Balance sheet
    Projected cash flow statement
    30s

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