Domain 4 Post test

Tom owns a hat shop

37

Dave is opening a pizzeria. Match cost to its type

Rent to fixed Pizza boxes to variable cost Employee wages to variable cost Credit card fees to variable cost Proper tax to fixed cost Insurance to Fixed cost Dough to Variable cost

One should separate______costs from one time costs when starting up a new business

monthly

Jerry owns ice cream parlor

-300

Holden owns a restaurant

13,700

Devin owns a clothing store

27.14

Which two types of info can be found on a profit and loss statement

Expenses and Revenue

Lauren owns a restaurant

43,750

When must equipment and inventory loans through the Small Business Administration(SBA) be paid back.

10 years

Melody owns a dog grooming business.

110

Jake owns a garden supply store

146,400

Larry owns a show store

2,600

Amanda is owner of a flooring company.

23,200

Clare sells gourmet boxes of chocolate

48%

Danny sells skateboards

57%

Tina owns a car dealership. She just received a shipment of luxury sports cars

62,500

James owns a sporting goods store. He just manufactured

74.75

Terri owns a computer repair shop

89,400

Hailey owns a bike shop

94,300

Which three types of info can be found on a balance sheet?

Assets & Equity & Liabilities

Match the funding option to its description.

Bootstrapping- An owner uses their own savings to fund the business SBA Loans- Loans must be paid back with interest. SBA Grants- Free given to small business owners to help with the launching and development of their business. Investor- Helps fund a business or a specific project, usually for some kind of stake Crowdfunding- sharing a startup business on an online platform.

Ben owns a print shop.

Net income = 3,050 and Gross income= 7,350

Deidre owns a pet store.

Net income= 2,100 and Gross income= 4,700

Which are eligibility requirements for a Small Business Administration (SBA)

The company must do business within the United States or its territories & The business must operate for profit & The owners must have responsible owner equity to investment

Vaiable costs_______depending on production

fluctuate