12 ENTREPRENEURSHIP

This refers to the amount added to the cost of a product to determine the selling

price.

It is a planning tool that helps entrepreneur copes up with uncertainties in the

future operation of the business.

This refers to amount paid to transport goods or merchandise purchased from the

supplier to the buyer.

Aling Elvie sells t-shirt at 175.00 pesos each. If each t-shirt costs 135.00 pesos,

How much is the mark-up?

Profit or Loss in computed by subtracting cost / expenses from –

Sales is an account title used to describe goods or merchandise sold by a

business. What nature of business uses Sales?

A merchandising business earns through

It is a tool that allows managers to make educated estimates on revenue and

costs of the business in order to cope up with uncertainties of the future –

Which of the following businesses use Service Income in recording revenues?

The costs incurred through payment of utilities such as water, electricity, internet

connection is considered as –