Forecasting Revenues & Costs Quiz

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About this activity

Test your grasp of forecasting in entrepreneurship.

Created by

Gilbert Aniel

Philippines

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Froggy Jumps Forecasting Revenues & Costs QuizOnline version Test your grasp of forecasting in entrepreneurship. by Gilbert Aniel 1 What is the selling price formula used in the module? a Selling Price = Revenue + Expenses b Selling Price = Cost + Mark Up c Selling Price = Cost x Mark Up 2 Which factor is NOT listed as affecting revenue forecasting? a Competitors b Customer birthdays c Economic condition 3 What does 'markup' refer to in this context? a The final profit b The discount offered c The amount added to cost to determine selling price 4 What is typically included in operating expenses? a Utilities such as electricity and water b Cost of goods sold c Freight-in 5 If a T-shirt costs 90 and markup is 50%, what is the selling price? a 180 b 135 c 90 6 Which term describes goods left at the end of a period? a Merchandise inventory, end b Cost of goods sold c Merchandise inventory, beginning 7 What does 'Projected Revenue' depend on? a Inventory value b Projected volume of sales c Actual expense 8 What is Freight-in? a Shipping revenue b Cost paid to transport purchases from supplier to buyer c Delivery to customers 9 Which statement is true about forecasting revenues? a It replaces actual sales data b It helps cope with future uncertainties c It guarantees profits 10 In the example, what is the cost per unit for jeans in RTW? a 230 b 90 c 135

Froggy Jumps

Forecasting Revenues & Costs QuizOnline version

Test your grasp of forecasting in entrepreneurship.

by Gilbert Aniel

What is the selling price formula used in the module?

Selling Price = Revenue + Expenses

Selling Price = Cost + Mark Up

Selling Price = Cost x Mark Up

Which factor is NOT listed as affecting revenue forecasting?

Competitors

Customer birthdays

Economic condition

What does 'markup' refer to in this context?

The final profit

The discount offered

The amount added to cost to determine selling price

What is typically included in operating expenses?

Utilities such as electricity and water

Cost of goods sold

Freight-in

If a T-shirt costs 90 and markup is 50%, what is the selling price?

180

135

Which term describes goods left at the end of a period?

Merchandise inventory, end

Cost of goods sold

Merchandise inventory, beginning

What does 'Projected Revenue' depend on?

Inventory value

Projected volume of sales

Actual expense

What is Freight-in?

Shipping revenue

Cost paid to transport purchases from supplier to buyer

Delivery to customers

Which statement is true about forecasting revenues?

It replaces actual sales data

It helps cope with future uncertainties

It guarantees profits

In the example, what is the cost per unit for jeans in RTW?

230

135

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Forecasting Revenues & Costs Quiz

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Froggy Jumps

Forecasting Revenues & Costs QuizOnline version

by Gilbert Aniel

What is the selling price formula used in the module?

Which factor is NOT listed as affecting revenue forecasting?

What does 'markup' refer to in this context?

What is typically included in operating expenses?

If a T-shirt costs 90 and markup is 50%, what is the selling price?

Which term describes goods left at the end of a period?

What does 'Projected Revenue' depend on?

What is Freight-in?

Which statement is true about forecasting revenues?

In the example, what is the cost per unit for jeans in RTW?

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