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Q 1/30
Score 0
If a company's revenue is P200,000 and its expenses are P150,000, what is its profit?
30
P350,000
P200,000
P50,000
P100,000
Q 2/30
Score 0
What is the profit if a lemonade stand sells 300 cups of lemonade at P2 each and its total costs are P400?
30
P600
P100
P200
P700
30 questions
Q.
If a company's revenue is P200,000 and its expenses are P150,000, what is its profit?
1
30 sec
Q.
What is the profit if a lemonade stand sells 300 cups of lemonade at P2 each and its total costs are P400?
2
30 sec
Q.
A bookstore purchases a book for $8 and sells it for $15. If they sell 100 books, what is their total profit?
3
30 sec
Q.
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
30 sec
Q.
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?
5
30 sec
Q.
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?
6
30 sec
Q.
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?
7
30 sec
Q.
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?
8
30 sec
Q.
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?
9
30 sec
Q.
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?
10
30 sec
Q.
Which of the following statements best describes the purpose of a projected financial statement?
11
30 sec
Q.
Which financial statement provides an estimate of a company's future income and expenses?
12
30 sec
Q.
What is the main goal of creating a projected balance sheet?
13
30 sec
Q.
What is the primary purpose of a projected cash flow statement?
14
30 sec
Q.
Which of the following financial statements projects a company's expected cash position at a future date?
15
30 sec
Q.
Why do companies prepare projected financial statements?
16
30 sec
Q.
What is the key difference between a projected income statement and a historical income statement?
17
30 sec
Q.
What is the purpose of creating a projected balance sheet for a company?
18
30 sec
Q.
What does a projected cash flow statement help a company predict?
19
30 sec
Q.
Which financial statement is used to estimate a company's future income and expenses?
20
30 sec
Q.
In financial planning, what is a Projected Financial Statement used for?
21
30 sec
Q.
Why are projected income statements important for a business?
22
30 sec
Q.
Why is it important for a business to create Projected Financial Statements?
23
30 sec
Q.
What does the term 'bottom line' refer to in a projected income statement?
24
30 sec
Q.
How do projected income statements contribute to financial planning?
25
30 sec
Q.
How can a company use a projected income statement to assess its financial health?
26
30 sec
Q.
Why are projected statement of cash flows important for a business?
27
30 sec
Q.
What is the first step in creating a journal entry?
28
30 sec
Q.
What is the purpose of a journal entry?
29
30 sec
Q.
What is the purpose of including a date in a journal entry?
