Gmetrix ESB Domain 4 (Pre- Assessment) Latest Version Already Passed

Gmetrix ESB Domain 4 (Pre- Assessment) Latest Version Already Passed What is the formula for determining gross profit? Gross Profit = Income - Cost of Goods What is the formula for determining net income? Net Income = Income - Cost of Goods Sold - Expenses What is the formula for determining income tax expense? Income Tax Expense = Gross Profit X Tax Rate What is the formula for determining burn rate? Burn Rate = Month Starting Balance - Month Ending Balance What is the formula for determining net profit? Net Profit = Value of Investment - Cost of Investment An operating budget is a projection of ____________ and expenses for a specified period such as a quarter or a year. Revenues What is the formula for determining selling prices? Selling Price = (Cost X Desired Profit Margin) + Cost What is the formula for determining equity? Equity = Assets - Liabilities What is the formula for determining a break-even point? Break-Even Point = Total Cost / Product or Service Sales Price What is the formula for determining ending cash balance? Ending Cash Balance = Total Cash - Total Costs What is the formula for determining run rate? Current Revenue for 1 Month X 12 What is the formula for determining a return on investment (ROI)? ROI = (Net Profit / Cost of Investment) x 100 When must real estate loans through the SBA be paid back? 25 Years Fixed costs change depending on the volume