Froggy Jumps Financial Statements Extra CreditOnline version This is for extra credit on the test by Logan Konopka 1 If my Utilities went up 20% in April compared to March, what formula would I use? a =SUM(D3*.2) typed in cell E3 b =SUM(D3*1.2) typed in cell E3 c =SUM(D3*.2) typed in cell E2 2 Which statement tells you the overall worth of the business? a Cash Flow b Balance Sheet c Income Statement 3 Which statement is the most accurate accounting of your Profit and Loss? a Income Statement b Cash Flows c Balance Sheet 4 If your Ending Cash in March is $10,000, your sales in April are $40,000, your total cash out in April is $30,000, and your income tax rate is 25%, what is your beginning cash in April? a $10,000 b $15,000 c $20,000 5 If your Ending Cash in September is $10,000, your sales in October are $40,000, your total cash out in October is $30,000, and your income tax rate is 25%, what is your Ending cash in October? a $10,000 b $15,000 c $20,000
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