Question

Peter owns a candy store. His starting balance last month was $15,300.

Answer 1

The Time interval is one month, hence the burn rate is the difference between the starting and the ending balance is $2,800

Monthly Burn Rate Computation

Given Data

• Starting Balance =  $15,300

• Ending Balance =  $12,500

• Time Interval = 1 months

Difference between Starting and Ending Balance

= 15,300- 12,500

= 2,800

We have found the difference between the Starting Balance and the ending Balance as $2,800

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