Front

What does sales in a business mean?

Back

The money a business earns from selling goods or services.

Front

If I was a baker what does purchases mean for this business?

Back

Purchases are the items a bakery buys, such as flour and sugar..

Front

What would be the total sales from selling 10 cupcakes for £2 each?

Back

£20.

Front

What would be my total expenses if I spent £5 on lemons and £3 on sugar if I was running a lemonade stand in the summer?

Back

£8.

Front

What would be my profit from my lemonade stand if sales were £15 and expenses were £6.

Back

£9.

Front

What would be examples of items purchased by a person owning a small online store that sells handmade bracelets?

Back

Beads, string, clasps, packaging, shipping materials.

Front

What is the main purpose of a profit statement?

Back

To show whether a business made a profit or a loss.

Front

A bakery sells cakes for £30 each. If they sell 5 cakes, what are their total sales?

Back

Sales = £150

Front

An online store sells handmade jewellery. They purchase materials for £50. What is one of their expenses?

Back

Materials costing £50

Front

What are the total expenses for an online store that spends £50 on materials, £20 on postage, and £10 on hosting for their website?

Back

Total expenses = £80