BA 101 Midterm Certification Script
Questions and Answers Verified Solutions
Latest Update 2026/2027
Question:
Revenue(Sales).
Answer:
Number of units sold x Price
Question:
Revenue.
Answer:
Number of units sold x Price
Question:
Operating Profit.
Answer:
Profit from running the business, before paying interest and taxes, shows how well your core
operations are performing. Calculated after subtracting both variable and fixed costs. Used to
compare performance across different companies and industries
Question:
EBIT (Earnings Before Interest & Taxes).
Answer:
This is the Operating Profit number carried forward from the previous step.Shows how much your
business earned from its operations before subtracting interest and taxes
, Question:
Interest.
Answer:
"Rent" paid for borrowed Money
Question:
Taxes.
Answer:
Payment to government based on taxable income
Question:
Profit Sharing.
Answer:
to employees, often as bonuses or retirement contribution
Question:
Net Profit.
Answer:
The amount of money left after paying all expenses, interest, and taxes It can be kept in the
business as retained earnings or paid to shareholders as dividends
Question:
Asset equation.
Answer:
Assets= liabilities + owners equity
Question:
Debt Financing.
Questions and Answers Verified Solutions
Latest Update 2026/2027
Question:
Revenue(Sales).
Answer:
Number of units sold x Price
Question:
Revenue.
Answer:
Number of units sold x Price
Question:
Operating Profit.
Answer:
Profit from running the business, before paying interest and taxes, shows how well your core
operations are performing. Calculated after subtracting both variable and fixed costs. Used to
compare performance across different companies and industries
Question:
EBIT (Earnings Before Interest & Taxes).
Answer:
This is the Operating Profit number carried forward from the previous step.Shows how much your
business earned from its operations before subtracting interest and taxes
, Question:
Interest.
Answer:
"Rent" paid for borrowed Money
Question:
Taxes.
Answer:
Payment to government based on taxable income
Question:
Profit Sharing.
Answer:
to employees, often as bonuses or retirement contribution
Question:
Net Profit.
Answer:
The amount of money left after paying all expenses, interest, and taxes It can be kept in the
business as retained earnings or paid to shareholders as dividends
Question:
Asset equation.
Answer:
Assets= liabilities + owners equity
Question:
Debt Financing.
