Income or Expense?
Your surf shop sells a surfboard for $400.
Income or expense?
Income
You made: $200
You spent: $100 on shipping costs.
Profit or loss?
Profit
Budget: $200 for new beach towels.
Spent: $200.
Met or over?
Met
You spend $150 to restock sunscreen.
Income or expense?
Expense
You made: $300
You spent: $350 on shop repairs.
Profit or loss?
Loss
Budget: $500 for new surfboards.
Spent $600.
Met or over?
Over
A customer buys 3 t-shirts from your shop for $90.
Income or expense?
Income
You made: $1,000
You spent: $700 on inventory.
Profit or loss?
Profit
Budget: $1000 for summer advertising.
Spent: $900.
Met or over?
Met
You spend $1,200 for monthly shop rent.
Income or expense?
Expense
You made: $535
You spent: $785 on bills
Profit or loss?
Loss
Budget: $3000 to repair shop sign
Spend: $4500
How much money did you spend over budget?
$1500
You sell $900 worth of surfboards.
You spend $400 on new wetsuits.
How much total income did you make?
$900
You made: $900
You spent: $600 on new wetsuits
How much money do you have left?
$300
Budget: $2,000 to prep for tourist season.
Spent: $1,550.
How much money do you have left?
$450