IDIS 240 VESTAL CORE EXAM SET 2026/2027
QUESTIONS AND SOLUTIONS RATED A+
✔✔GM = - ✔✔Selling price - COGS- Adjustments
✔✔Markup - ✔✔The money the distributor adds to the COGS
Markup= Selling Price - COGS
✔✔Operating Expenses - ✔✔Includes al cost necessary to provide the services
Ex. Warehouse cost, inventory holding, transport
✔✔Selling General and Administrative Expenses - ✔✔Salary, payroll, travel,
entertainment, etc.
✔✔Depreciation and Amortization - ✔✔Expense that contains the reduction in values of
assets over time
✔✔EBITDA Equation - ✔✔Margin- Operating Expenses -SG&A
✔✔EBIT Equation - ✔✔EBITDA-D&A
✔✔Is interest expense a part of the operating expenses - ✔✔No
✔✔Inventory Turn - ✔✔One product purchase->inventory->sold->money Collected-
>Another Product purchased
✔✔Commodity - ✔✔Products that have very little measurable differences between
suppliers
✔✔Prox - ✔✔Pay at end of month
✔✔What do you need to start a business - ✔✔1.people
2.locatin
3.equipment
4.working capital
✔✔Where are you going to get it? - ✔✔Bank, Private investors, suppliers
✔✔Interest calculation - ✔✔Interest=PRT
✔✔Compound Interest - ✔✔Is interest calculated on the initial principle and also on the
accumulated interest of previous periods of a deposit or loan
✔✔Revolving loan or line of credit - ✔✔(Revenue-Expensese)/ Assets
QUESTIONS AND SOLUTIONS RATED A+
✔✔GM = - ✔✔Selling price - COGS- Adjustments
✔✔Markup - ✔✔The money the distributor adds to the COGS
Markup= Selling Price - COGS
✔✔Operating Expenses - ✔✔Includes al cost necessary to provide the services
Ex. Warehouse cost, inventory holding, transport
✔✔Selling General and Administrative Expenses - ✔✔Salary, payroll, travel,
entertainment, etc.
✔✔Depreciation and Amortization - ✔✔Expense that contains the reduction in values of
assets over time
✔✔EBITDA Equation - ✔✔Margin- Operating Expenses -SG&A
✔✔EBIT Equation - ✔✔EBITDA-D&A
✔✔Is interest expense a part of the operating expenses - ✔✔No
✔✔Inventory Turn - ✔✔One product purchase->inventory->sold->money Collected-
>Another Product purchased
✔✔Commodity - ✔✔Products that have very little measurable differences between
suppliers
✔✔Prox - ✔✔Pay at end of month
✔✔What do you need to start a business - ✔✔1.people
2.locatin
3.equipment
4.working capital
✔✔Where are you going to get it? - ✔✔Bank, Private investors, suppliers
✔✔Interest calculation - ✔✔Interest=PRT
✔✔Compound Interest - ✔✔Is interest calculated on the initial principle and also on the
accumulated interest of previous periods of a deposit or loan
✔✔Revolving loan or line of credit - ✔✔(Revenue-Expensese)/ Assets
