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Financial Statement Analysis

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Questions and Answers

What is the primary objective of any business, whether retail or wholesale?

To earn a profit (correct)

To minimize costs

To maximize sales

To provide excellent customer service

What is the expected outcome of Rodrigo's business venture?

Uncertain outcome

Loss

Profit (correct)

Break-even

What is the main purpose of computing the gross profit?

To calculate the revenue

To determine the cost of sales

To determine the profitability of the business (correct)

To calculate the net sales

What is the formula to compute the gross profit?

Net Sales - Cost of Sales = Gross Profit Signup and view all the answers

How many perfume bottles are in each box?

12 Signup and view all the answers

What is the cost of each box of perfumes?

P12,000.00 Signup and view all the answers

What is the selling price of each perfume bottle?

P1,500.00 Signup and view all the answers

What is the purpose of market research in business?

To determine the target market Signup and view all the answers

What is a key entrepreneurial skill for Rodrigo's business?

Pricing strategy Signup and view all the answers

What is an essential principle of entrepreneurship?

Risk-taking Signup and view all the answers