Quiz: Financials Vocabulary

Due Sep 25 at 11:59pm Points 9 Questions 3

Available until Sep 25 at 11:59pm Time Limit None
Allowed Attempts Unlimited

Instructions
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Read each description of a company's financials. Each description has information

about startup costs, operating costs, and sales projections. Select the
vocabulary items that correspond to each numbered blank in the description.

This is a graded quiz. To receive pass the course and receive the digital
badge, you must score at least 70% on this quiz. You must get at least
seven of nine questions correct.

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Attempt History
Attempt Time Score
LATEST Attempt 1 3 minutes 9 out of 9

 Correct answers are hidden.

Score for this attempt: 9 out of 9

Submitted Sep 12 at 7:22am
This attempt took 3 minutes.

Question 1 3 / 3 pts

Company 1: Delicious Tea

The entrepreneurs at Delicious Tea need $1000 at first so
that they can rent a building for storage and buy their first
quantity of tea startup costs . Then they will need $500
each month to pay two employees and to drive their
delivery truck operating costs . Each month, the
company is expected to sell 20 boxes of tea at %5 per
box sales projections .

Answer 1:

startup costs

Answer 2:

operating costs

Answer 3:

sales projections

Question 2 3 / 3 pts

The owners of Beautiful Shoes expect to sell 50 pairs of

shoes each month. Each pair costs about $100, so they
will receive $5,000 per month sales projections .
However, they will have to pay $3,000 each month to pay
their employees, and $1000 each month to rent spaces in
expensive shopping malls operating costs . They have
already paid $6,000 for 75 pairs of hand-made shoes, at
$80 per pair startup costs .

Answer 1:

sales projections

Answer 2:

operating costs

Answer 3:

startup costs

Question 3 3 / 3 pts

Before Fastest Laundry Service can begin offering its

service, it will need $4,000 to buy washing machines,
dryers, and a delivery van startup costs . After that, it is
expected to receive $1,000 each month by washing,
drying, and delivering clothes at $10 per load sales
projections . However, it will have to spend $900 each
month to pay employees and buy gasoline for the delivery
van operating costs .

Answer 1:

startup costs

Answer 2:

sales projections

Answer 3:
operating costs

Quiz Score: 9 out of 9