Short Answer
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1.
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A
business has total sales of $150. Its total cost of goods sold is $75. Its net profit is $50.
Calculate its profit margin.
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2.
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Briefly, explain the differences between assets, liabilities and equity
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3.
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To find
out how much money you will need, you will have to calculate your start-up expenses by completing an
application of funds table. Briefly describe the four basic elements of the application of funds
table.
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4.
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Briefly
describe the four key balance sheet ratios.
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5.
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Your
break-even analysis from your income statement shows that as of this month, your business is
profitable. You cannot, however, pay all of your bills because of a lack of cash. Is your break-even
analysis wrong? What might be the problem?
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