GMetrix ESB Domain 4 (Post-Assessment)
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Tom owns a hat shop. His total monthly cost is $1,850. Each hat coats $50. How many hats must
Tom sell to break even each month? - CORRECT ANSWER - $37
Amanda is the owner of a flooring company. Her assets include $15,000 in cash, $10,000 in
inventory, & $5,000 in equipment. Her liabilities include a $6,000 credit card balance and $800
in long-term debt. What is Amanda's equity? - CORRECT ANSWER - $23,200
Laurie owns a restaurant. She had a beginning cash balance of $2,500, $57,250 in total cash
sales, $5,300 for utilities, $7,500 in loan payments, and $3,200 for marketing costs. What is
Lauren's ending cash balance for the year? - CORRECT ANSWER - $43,750
Which are eligibility requirements for a Small Business Administration (SBA) grant? Choose 3
answers. - CORRECT ANSWER - • The owners must have responsible lender equity to
investment.
• The company must do business within the US or its territories.
• The business must operate for profit.
Jake owns a garden supply store. His revenue at the end of last month was $12,200. What is
Jake's run rate? - CORRECT ANSWER - $146,400
Hailey owns a bike shop. She is preparing the cash flow statement for her first year of operation.
She has a beginning cash balance of $4,700, $101,000 in total cash sales, $3,300 for utilities,
$2,500 in loan payments, and $5,600 for marketing costs. What is Hailey's ending cash balance?
- CORRECT ANSWER - $94,300
Deidre owns a pet store. Last month, her income was $5,500, her cost of goods was $800, and
her total expenses were $2,600. What are Deidre's net income and gross income for last month? -
CORRECT ANSWER - • Net Income = $2,100
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Tom owns a hat shop. His total monthly cost is $1,850. Each hat coats $50. How many hats must
Tom sell to break even each month? - CORRECT ANSWER - $37
Amanda is the owner of a flooring company. Her assets include $15,000 in cash, $10,000 in
inventory, & $5,000 in equipment. Her liabilities include a $6,000 credit card balance and $800
in long-term debt. What is Amanda's equity? - CORRECT ANSWER - $23,200
Laurie owns a restaurant. She had a beginning cash balance of $2,500, $57,250 in total cash
sales, $5,300 for utilities, $7,500 in loan payments, and $3,200 for marketing costs. What is
Lauren's ending cash balance for the year? - CORRECT ANSWER - $43,750
Which are eligibility requirements for a Small Business Administration (SBA) grant? Choose 3
answers. - CORRECT ANSWER - • The owners must have responsible lender equity to
investment.
• The company must do business within the US or its territories.
• The business must operate for profit.
Jake owns a garden supply store. His revenue at the end of last month was $12,200. What is
Jake's run rate? - CORRECT ANSWER - $146,400
Hailey owns a bike shop. She is preparing the cash flow statement for her first year of operation.
She has a beginning cash balance of $4,700, $101,000 in total cash sales, $3,300 for utilities,
$2,500 in loan payments, and $5,600 for marketing costs. What is Hailey's ending cash balance?
- CORRECT ANSWER - $94,300
Deidre owns a pet store. Last month, her income was $5,500, her cost of goods was $800, and
her total expenses were $2,600. What are Deidre's net income and gross income for last month? -
CORRECT ANSWER - • Net Income = $2,100
