BASC FINANCIAL PLAN FOR BUSINESS START-UP
Authored by SHARON BTU
Business
University
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18 questions
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1.
MATCH QUESTION
2 mins • 1 pt
please match the following:
Costs that do not change with production
Variable Costs
Sales needed to cover costs
Break-Even Point
The amount of money you charge customer
Fixed Costs
Costs that vary with production volume
Selling Price
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A student group sells RM 10 bubble tea at a school event. Fixed costs (stall rental, permits) = RM 300. Variable cost per cup = RM 4. Calculate the break-even point in units.
45 cups
60 cups
50 cups
80 cups
Answer explanation
Break-Even Point = RM 300 / (RM 10 - RM 4) = 50 cups.
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A student group sells RM 10 bubble tea at a school event. Fixed costs (stall rental, permits) = RM 300. Variable cost per cup = RM 4. Analyze how a 20% increase in variable costs (e.g., sugar price hike) would affect profitability.
48 cups
58 cups
50 cups
60 cups
Answer explanation
- New Variable Cost = RM 4 x 1.2 = RM 4.80
- New Break-Even = RM 300 / (RM 10 - RM 4.80) = ~58 cups
- Analysis: Higher variable costs reduce profit per unit, requiring more sales to break even. Profitability becomes harder unless prices increase.
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
You’re selling custom tote bags at a school event.
Fixed Costs: RM 150 (printing machine rental).
Variable Costs: RM 8 per bag (materials and labor).
Selling Price: RM 20 per bag.
Goal: Sell 50 bags.
Calculate total income, total costs, and profit.
Income: RM 1,000
Total Costs: RM 150
Profit: RM 450
Income: RM 1500
Total Costs: RM 50
Profit: RM 50
Income: RM 1500
Total Costs: RM 500
Profit: RM 450
Income: RM 1000
Total Costs: RM 550
Profit: RM 450
Answer explanation
Income: RM 1,000 (50 × RM 20).
Total Costs: RM 150 + (50 × RM 8) = RM 550.
Profit: RM 450.
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Scenario:
You’re selling custom tote bags at a school event.
Fixed Costs: RM 150 (printing machine rental).
Variable Costs: RM 8 per bag (materials and labor).
Selling Price: RM 20 per bag.
Goal: Sell 50 bags. How many bags must you sell to break even?
13 bags
14 bags
10 bags
15 bags
Answer explanation
Break-Even Point = RM 150 / (RM 20 – RM 8) = 12.5 → 13 bags.
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Scenario:
You’re selling custom tote bags at a school event.
Fixed Costs: RM 150 (printing machine rental).
Variable Costs: RM 8 per bag (materials and labor).
Selling Price: RM 20 per bag.
Goal: Sell 50 bags. What is the new profit if you reduce costs to RM 6 per bag?
RM 550
RM 450
RM 500
RM 600
Answer explanation
New Profit: RM 1,000 – [RM 150 + (50 × RM 6)] = RM 1,000 – RM 450 = RM 550.
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Scenario:
Amina sells cupcakes at school events. Her fixed costs are RM 200 (equipment rental), and variable costs are RM 3 per cupcake (ingredients and packaging). She sells cupcakes for RM 8 each and plans to sell 100 units. Calculate her total profit.
RM 500
RM 300
RM 400
RM 600
Answer explanation
- Total Income = 100 × RM 8 = RM 800
- Total Costs = RM 200 + (100 × RM 3) = RM 500
- Profit = RM 800 – RM 500 = RM 300
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