AnswersMathematics for Data and Financial LiteracyNet Worth Profit

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1
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What is the definition of net worth in a business context?

A
the total cash on hand
B
the total value of property and equipment
C
the total revenue generated in a year
D
the difference between total assets and total liabilities
3
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How is "return on investment (ROI)" best defined?

A
the total value of liquid assets
B
the amount of revenue generated in a year
C
the efficiency of an investment in generating earnings relative to its cost
D
the total assets minus total liabilities
4

If BrightTech Solutions decides to invest an additional $50,000 in equipment, what will be the new total net worth?

A
$150,000
B
$500,000
C
$50,000
D
$300,000
5

What is the net profit of BrightTech Solutions?

A
$500,000
B
$250,000
C
$500,000
D
$150,000
6

What is the net worth of BrightTech Solutions?

A
$150,000
B
$250,000
C
$400,000
D
$350,000
7

Based on the trend in the table, what would be a reasonable prediction for SolarBright Energy's net worth in 2024?

A
$780,000
B
$710,000
C
$750,000
D
$800,000
8

GreenWave Technologies receives an unexpected bill of $⁢20,000 How should you update the spreadsheet to calculate the new net profit? Assume revenue is in cell B4, expenses are in cell B5, and net profit is calculated in cell B6.

A
update B4 to is equal to 600 comma 000 plus 20 comma 000, B5 remains the same, B6 formula remains =is equal to cap b 4 minus cap b 5
B
update B5 to is equal to 400 comma 000 plus 20 comma 000, B4 remains the same, B6 formula remains is equal to cap b 4 minus cap b 5
C
update B5 to is equal to 400 comma 000 minus 20 comma 000, B4 remains the same, B6 formula remains is equal to cap b 4 minus cap b 5
D
update B4 to is equal to 600 comma 000 minus 20 comma 000, B5 remains the same, B6 formula remains is equal to cap b 4 minus cap b 5
9

In the spreadsheet, if the revenue is in cell B4 and the expenses are in cell B5, which formula should be used to calculate the net profit in cell B6?

A
is equal to SUM times open paren cap b 4 close paren
B
is equal to cap b 4 minus cap b 5
C
is equal to cap b 4 plus cap b 5
D
is equal to cap b 5 minus cap b 4
10

In the spreadsheet, if the total assets are in cell B1 and the total liabilities are in cell B2, which formula should be used to calculate the net worth in cell B3?

A
is equal to SUM times open paren cap b 1 close paren
B
is equal to cap b 2 minus cap b 1
C
is equal to cap b 1 plus cap b 2
D
is equal to cap b 1 minus cap b 2

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