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ESB Business Financials Question and answers already passed 2024
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ESB Business Financials Question and answers already passed 2024 A law was passed increasing the minimum wage by 30%. The owner of a small landscaping business must now pay all of her laborers 30% higher wages. What is the minimum amount the owner must now charge customers for labor to balance her ...

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  • August 23, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • esb business financials
  • esb business financials question and answers alrea

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ESB Business Financials
A law was passed increasing the minimum wage by 30%. The owner of a
small landscaping business must now pay all of her laborers 30% higher
wages. What is the minimum amount the owner must now charge customers
for labor to balance her increased operational expenses? - correct answer
✔30%


You are examining the year-end balance sheet for your business.
According to the information in the Balance Sheet, what is your equity in the
business?


Balance Sheet for year ending December 31
Assets
Cash $10.000
Inventory $2.000
Equipment $5.000
Total Assets $17.000


Liabilities
Credit card balance: $2.500
Long-term debt: $0
Unearned revenues: $3.500
Total Liabilities: $6.000 - correct answer ✔$11.000


You operate a small insurance office with a partner. Which expense is a fixed
cost? - correct answer ✔property lease for the office

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