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Profitability analysis quiz

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  • 1. Multiple Choice
    2 minutes
    1 pt

    What is Revenue?

    is the total amount of income generated by the sale of goods or services

    is the difference between aggregate income and total costs and assessment of the financial condition of the enterprise

    is the system of indicators of financial results

    it the amount of money a business loses every month

  • 2. Multiple Choice
    2 minutes
    1 pt

    The best definition of Profit is:

    is the income generated from normal business operations and includes discounts and deductions for returned merchandise

    the total amount of money a business spends

    the money a business pulls in after accounting for all expenses

    is the interest cost that a firm would have to pay for borrowed capital

  • 3. Multiple Choice
    2 minutes
    1 pt

    Product profitability analysis is

    a creative way of looking at causes of problems because it helps stimulate thinking and organize thoughts

    the amount of profit that a particular product or service makes in a partiular period

    a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets

    gross profit, which is sales minus the cost of goods sold

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