GMetrix ESB Domain 4 (Post- Assessment) Exam Questions and Answers (Solved Papers) Tom owns a hat shop. His total monthly cost is $1,850. Each hat coats $50. How many hats must Tom sell to break even each month? - Correct Answers ✅$37 Amanda is the owner of a flooring company. Her assets include $15,000 in cash, $10,000 in inventory, & $5,000 in equipment. Her liabilities include a $6,000 credit card balance and $800 in long-term debt. What is Amanda's equity? - Correct Answers ✅$23,200 Laurie owns a restaurant. She had a beginning cash balance of $2,500, $57,250 in total cash sales, $5,300 for utilities, $7,500 in loan payments, and $3,200 for marketing costs.What is Lauren's ending cash balance for the year? - Correct Answers ✅$43,750 Which are eligibility requirements for a Small Business Administration (SBA) grant? Choose 3 answers. - Correct Answers ✅• The owners must have responsible lender equity to investment.• The company must do business within the US or its territories.• The business must operate for profit. 1 / 2
GMetrix ESB Domain 4 (Post- Assessment) Exam Questions and Answers (Solved Papers) Jake owns a garden supply store. His revenue at the end of last month was $12,200. What is Jake's run rate? - Correct Answers ✅$146,400 Hailey owns a bike shop. She is preparing the cash flow statement for her first year of operation. She has a beginning cash balance of $4,700, $101,000 in total cash sales, $3,300 for utilities, $2,500 in loan payments, and $5,600 for marketing costs. What is Hailey's ending cash balance? - Correct Answers ✅$94,300 Deidre owns a pet store. Last month, her income was $5,500, her cost of goods was $800, and her total expenses were $2,600. What are Deidre's net income and gross income for last month? - Correct Answers ✅• Net Income = $2,100 • Gross Income = $4,700 When must equipment and inventory loans through the Small Business Administration (SBA) be paid pack? - Correct Answers ✅10 Years Clare sells gourmet boxes of chocolate. One box of chocolate costs Nancy $6.75 to produce. She sells her boxes of chocolate for $10. What is Clare's return of investment (ROI)?
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