Chapter 3

Assets - Liabilities =

An I-9 form is an application that is needed before collecting tax on products or services sold

Mcdonalds and Burgerking are examples of what type of ownership

Knowing how many skin care centers and other aesthetic professionals are in your area is gauging:

All money owed, listed in a financial statement is called

Income is

The middle man between you and the manufacturer is a

Your rent is 1500 per month plus 15% of your profit made for that previous month, what is your rent type

A receptionist is (select all that apply)

Corporations have legal liability and different tax standards

Type of insurance that covers the actual skin care center and its equipment is called

Your paycheck reflects 40% percent of your service price total, your compensation structure is

Business plan essential that describes why your product or service would be in demand

How much you will spend in expenses next year is called

Who would be the most helpful with designing your skin care center

Carla only made $800.00 this past month, the light bill is due tomorrow, what reserve of cash can be used

The amount of working space per esthetician should be 120-150 ft

Your car is worth $29,000, where is this located on a financial statement

Glorias buissness PROFITED $79,800 in 2019, when she files in 2020 what is taken on that profit

Element of business plan that outlines goals and objectives

The other name for inventory is called

A professional that advises on tax liabilities, business ownership and financial obligations is a

What factor is deemed most important when opening a skin care center

Costs in relation to the day-to-day operations of a business is called

Which of the following skills is essential to be a successful skin care center owner?

A business with one owner

Compensation defines

Alicia told a client to purchase a product that had too much retinol, the clients skin is now cracking, which insurance?

Inventory control incorporates all activities that attract attention to your skin care center and creates a good image

Andrea didn't perfect the art of microderm in school, she tore skin on a client who had to see a doctor, which insurance

An ownership involving two or more people

How many times should that phone ring?

The largest expense when operating a skin care center is

Image Matte 30+ has been on your retail shelf for 2 months, what is this sale rate considered

Daily sales and services should be kept on file for

Which is NOT considered an asset

Which of the following is NOT an element of a business plan

Insurance is a form of