A flower shop acquired 80 new customers last year. Costs in the marketing and sales areas were the following:

Marketing Costs = $1,200
Sales Costs = $9,000
Salaries = $87,000
What was the Customer Acquisition Cost?

2.
The owner of a bike shop would like to analyze the sales data to determine if the business is growing, declining, or remaining flat. The owner has the following data:

Sales Revenue Last Year =$125,000

Sales Revenue Current Year = $150, 000

What is the Sales Growth?

3.Peter owns a candy store. His starting balance last month was $15,300.

His ending balance was $12,500. What is Peter Burn Rate?

4.Terri owns a computer repair shop. Her revenue at the end of last month was $8,000. What is Terri's Run Rate?

5.Ben owns an ice cream shop. Last quarter's income was $9,000; his cost of goods was $575, and his total expenses were $5,000.

What is Ben's Net Income for the last quarter?

6.Ben owns an ice cream shop. Last quarter's income was $9,000; his cost of goods was $575, and his total expenses were $5,000.

What is Ben's Gross Profit for the last quarter?

7.A law passed increasing the minimum wage by 10%.

The owner of a small bakery must now pay all her laborers 10% higher wages.

What is the Minimum Amount the owner now charge customers for labor to balance her increased operational expenses?

8.A stylist charges $20.00 per haircut. The total cost for running her home-based business is $4,000.00 per month, which includes her salary of $3,000.00 per month. To cover all these expenses and her salary, she must do a minimum of 200 haircuts per month.

Because the cost of living has gone up, she wants to increase her salary to $3,500, making her total monthly expenses $4,500.00

What is the minimum price she must charge for each of the 200 haircuts so she can cover this increased salary?
9.What is the formula for determining Income Tax Expense?

Question 9 options:

Income Tax Expense = Gross Profit x Tax Rate

Income Tax Expense = Liability – Assets


Income Tax Expense= Net profit + Net Gross


Income Tax Expense = Gross Profit / Tax Rate

10.What is the formula for determining a Break-even Point?

Question 10 options:

Break-even Point = Total cost / Product or service sales price


Break-even Point = Total cost + Product or service sales price


Break-even Point = Total cost - Product or service sales price


Break-even Point = Total cost x Product or service sales price