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Projected Income: Example & Explanation

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is projected income?

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1. Why would you create a projected income statement?

2. What are revenues?

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About This Quiz & Worksheet

This quiz and worksheet combo can help you assess your knowledge of projected income and how it is calculated. In order to pass the quiz, you will need to know what projected income is and how to create a projected income statement.

Quiz & Worksheet Goals

Use these tools to review the following:

  • Definition of projected income
  • How to create a projected income statement
  • Operating expenses
  • Costs of goods sold
  • Revenue

Skills Practiced

This quiz and worksheet combo can help you practice the following skills:

  • Information recall - access the knowledge you have gained regarding costs of goods sold
  • Problem solving - use acquired knowledge to solve income practice problems
  • Interpreting information - verify that you can read information regarding projected income and interpret it correctly

Additional Learning

To learn more, review the corresponding lesson titled Projected Income: Example & Explanation. This lesson covers the following objectives:

  • Define projected income and revenue
  • Determine how projected income is calculated
  • Learn how to create a projected income statement
  • Identify examples of operating costs
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