Answer:
c. is a financial statement that summarizes a firm’s revenues and expenses over a period of time
Explanation:
The balance sheet is a financial statement that shows the firm’s financial position at a particular point in time. It details the firm’s assets and liabilities at a point in time.
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Except a price that fits comfortably in your budget
Answer:
The Break-even annual sales= $2,222,222.22
Explanation:
<em>The break-even sales is the amount of revenue that a business must generate that would equate its total costs to total revenue. At the break even sales, the contribution is exactly to total iced cost, and the business makes no profit or loss</em>
Contribution margin ratio = (20-5)/20=75%
Break-even (units) = Total general fixed cost /(selling price- variable cost)
= 5,000,000/75%
= $6,666,666.67
The annual sales = $6,666,666.67/3 = $2,222,222.22
The Break-even annual sales= $2,222,222.22
Business
<span>All profit-seeking activities and enterprises that provide goods and services necessary to an economic system.</span>
Solution :
Number of days = 90 days
Amount invested = $45 million
So the current earnings is 
The number of days is reduced to 50 days. So we can now make the same amount in just 50 days.
So the net increase is what we will make in the remaining 
days.
If in 50 days, we earn 0.075 return, then we can consider 50 days as 
Then the 
days = 
return, and
days = 
= 
million increase
= $ 5.7 million
