VIP Exclusive
CBB Certified Business Broker VIP Exam
CBB — The Certified Business Broker (CBB) designation is awarded by state-level business broker associations (notably the California Association of Business Brokers and Florida Business Brokers Association) and tests competency in business valuation, transaction structuring, financial analysis, due diligence, financing, and professional ethics in the sale and acquisition of privately-held businesses.
30
Questions
120m
Time Limit
75.00%
To Pass
Question 1 of 30👑 VIP
A manufacturing business has the following financials for the most recent fiscal year: gross revenue $2,400,000; cost of goods sold $960,000; operating expenses $720,000; owner's salary (above-market) $180,000; personal vehicle expenses run through the business $24,000; one-time legal settlement $45,000; depreciation $60,000. What is the Seller's Discretionary Earnings (SDE)?
Questions 2–30 and full explanations are VIP-exclusive.