1. 2 pt 3 pt 4 pt 5pt 1 pt 2 pt 3 pt 4 pt 5 pt 1 pt 2pt 3 pt 4pt 5 pt 1pt 2pt 3 pt 4 pt 5 pt 1 pt 2 pt 3 pt 4pt 5 pt 1pt SBE 5.02 Category 5

2. A sales goal assigned to a sales person for a specified period of time is a:

3. Sales quota

4. The point at which the income from product sales equals the cost of making and distributing the product is:

5. Break even

6. Placing a product in a certain market to get desired customer response is:

7. Product position

8. The financial statement that shows the movement of money in and out of the business is the:

9. Cash flow

10. A statement showing how and when the debt of a business will be paid is a/n:

11. Repayment Plan

12. Total fixed costs per unit are $4.50, selling price per unit is $10.00 and variable costs per unit are $1.00. The manufacturer plans to produce 5,000 units. What is the break-even point?

13. 2500 units

14. A company had gross sales of $109,000 and a net profit of $27,000. What is the sales ratio?

15. 25%

16. When the price of airline tickets decreases, there is an increase in travel. This trend can assist the airline in forecasting future ticket sales. This is:

17. Economic Outlook

18. Dillard's is projecting a 52% increase in sales during the month of December. This is a:

19. Sales Forecast

20. A Rolex is considered an expensive watch for the wealthy. A Timex is considered an inexpensive watch for the thrifty. These images illustrate successful:

21. Product Positioning

22. . Total current assets for Howard’s Hotdogs are $75,000. Total current liabilities are $32,000. What is the current ratio of assets to liabilities?

23. $2.34 of current assets for every $1 of current liabilities

24. XYZ DECA chapter sold $5,800 worth of candy last year. A 9% increase in sales is projected for this year based on increased chapter membership and new candy varieties. XYZ DECA is projecting sales for this year to be:

25. $6,322

26. Latoya’s total sales for this week were $1,239. Latoya’s manager set her quota for this week 5% higher. How much more will Latoya have to sell to meet her sales quota?

27. $61.95

28. Which is NOT a financial tool that utilizes sales projections?

29. Balance Sheet

30. David borrowed $180,000 from his bank to start his dry cleaning business. His repayment plan requires payments of $1,500 a month. How long will it take David to pay back his loan?

31. 10 years