Cfa 2

Front 1

what is not an example of operating expenses?

Back 1

advertising

Front 2

one advantage of using personal savings to fund a sole proprietorship is that:

Back 2

the owner retains all the profits

Front 3

which federal agency provides social and economic statistics to small businesses?

Back 3

small business administration

Front 4

one disadvantage of using personal saving as a source of funding is that it:

Back 4

provides quick sources of funding

Front 5

If beginning inventory is $27,000,
merchandise purchased to replenish the
stock is $18,000, and the recorded ending
inventory is $16,000, what is the cost of
goods sold?

Back 5

$29,000

Front 6

A government agency that uses a
commercial bank to make loans to
businesses and then guarantees up to 90%
of the loan if the business fails is the

Back 6

SBA.

Front 7

If the gross profit is $200,000 and the total
expenses are $103,300, what is the net
income/profit (before taxes)?

Back 7

$103,300

Front 8

A federal agency that provides grants to
cities for loans to private developers to help
improve impoverished areas is:

Back 8

SCORE.

Front 9

The price the retailer pays for the
merchandise sold is

Back 9

Retail price.