17 Questions
What is the formula for profit as mentioned in the text?
Profit = Revenue - Expenses
When does a break-even point occur?
When there is neither profit nor loss
In the context of Kuya Keeno's business, what does 'Net Sales' refer to?
Sales after all expenses have been deducted
What does 'Cost of Goods Sold' represent in Kuya Keeno's business transactions?
Expenses related to the production of goods sold
Based on Kuya Keeno's transactions, what was his net profit on Day 3?
$0.00
How much was Kuya Keeno's total gross sales for Day 5 based on the information provided?
$1,600.00
What does the Return on Investment (ROI) of Keeno's business venture indicate?
He earned 48% return on the cost of his investment
Which of the following statements is true regarding Keeno's business profitability?
The Return on Sales (ROS) was 48%
What characteristic of a successful entrepreneur is highlighted in the text?
Wisely investing money and earning savings
How long did it take for Keeno to earn back his initial capital investment according to the text?
$640
In the context of the text, what does the net income represent?
The amount earned after deducting all expenses from revenue
Why is it important for a business venture to have a high Return on Investment (ROI)?
To earn back the cost of investment quickly
How is profitability typically assessed in a business?
By analyzing revenue and expenses
In the context of business viability, what factors are typically considered?
Market competition and regulatory environment
What role do customer requirements play in determining business success?
They help in improving product quality and service delivery
When computing for profit, which of the following equations is commonly used?
$ ext{Profit} = ext{Revenue} - ext{Expenses}$
Which of the following statements best describes the importance of profitability in a business?
Profitability helps ensure the financial health and sustainability of a business.
Learn about directly related expenses to revenue, calculating profit, and understanding the concept of break-even point in business. Explore an illustrative example about business expenses and revenue generation during challenging times.
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