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Business Expenses and Break-Even Analysis

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Business Expenses and Break-Even Analysis

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Questions and Answers

What is the formula for profit as mentioned in the text?

Profit = Revenue * Expenses

Profit = Revenue / Expenses

Profit = Revenue + Expenses

Profit = Revenue - Expenses (correct)

When does a break-even point occur?

When there is a profit but no loss

When there is a loss but no profit

When there is always a profit

When there is neither profit nor loss (correct)

In the context of Kuya Keeno's business, what does 'Net Sales' refer to?

Total sales after deducting all costs

Sales after all expenses have been deducted (correct)

Sales after deducting cost of goods sold

Total sales before deducting operating expenses

What does 'Cost of Goods Sold' represent in Kuya Keeno's business transactions?

Expenses related to the production of goods sold Signup and view all the answers

Based on Kuya Keeno's transactions, what was his net profit on Day 3?

$0.00 Signup and view all the answers

How much was Kuya Keeno's total gross sales for Day 5 based on the information provided?

$1,600.00 Signup and view all the answers

What does the Return on Investment (ROI) of Keeno's business venture indicate?

He earned 48% return on the cost of his investment Signup and view all the answers

Which of the following statements is true regarding Keeno's business profitability?

The Return on Sales (ROS) was 48% Signup and view all the answers

What characteristic of a successful entrepreneur is highlighted in the text?

Wisely investing money and earning savings Signup and view all the answers

How long did it take for Keeno to earn back his initial capital investment according to the text?

$640 Signup and view all the answers

In the context of the text, what does the net income represent?

The amount earned after deducting all expenses from revenue Signup and view all the answers

Why is it important for a business venture to have a high Return on Investment (ROI)?

To earn back the cost of investment quickly Signup and view all the answers

How is profitability typically assessed in a business?

By analyzing revenue and expenses Signup and view all the answers

In the context of business viability, what factors are typically considered?

Market competition and regulatory environment Signup and view all the answers

What role do customer requirements play in determining business success?

They help in improving product quality and service delivery Signup and view all the answers

When computing for profit, which of the following equations is commonly used?

$ ext{Profit} = ext{Revenue} - ext{Expenses}$ Signup and view all the answers

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. Signup and view all the answers