Esb Domain 4 Study Guide Rated A+

Chris provides tree trimming services. What is Chris's ROI? a. Production cost: $48.89/tree trim b. Selling price: $65/tree trim c. ROI: ? {Ans: 33%}Ending Cash Balance Formula {Ans: total cash - total cost}Small Business Administration (SBA) {Ans: An independent government agency specializing in providing small businesses with assistance to get their business up and running.}Balance Sheet {Ans: A document that compares assets to liabilities plus owner's equity.}ROI {Ans: Return on investment is a calculation used to determine how much an investment is making.}Equity Formula {Ans: (assets) - (liabilities)}Small Business {Ans: A corporation, partnership, or sole proprietorship that is privately owned by one individual or a small group of people. They commonly have fewer employees and revenue than larger-sized businesses.}Mallory owns an auto repair shop. She has $12,000 in cash, $8,000 in inventory, a $4,000 credit card balance, and $3,500 in long-term debt. What is Mallory's equity? {Ans: $12,500}Ben owns a shoe store. He has a new line of limited-edition running shoes that he will be selling in his store soon. The cost of manufacturing the shoes was $18 per pair, and he wants to make a 20% profit on each pair he