Answer the
following 10 questions. You need to develop your answers and statements with at
least three sentences per question.
1. Define the
concepts fixed costs and variable costs.
2. Describe what a
break-even chart is and what it is used for.
3. What does full
cost of a product mean?
4. What is a
capital investment?
5. Describe the
difference between economic life and technical life (regarding investment).
6. What is
depreciation according to plan?
7. What is annual
cash receipts surplus?
8. Provide three
examples of assets and three examples of equity and liabilities.
9. What is net
sales in an income/loss statement?
10. Describe the
concept share capital.
A book that talks about those topics are attached. Check chapter 8 for finance if needed. If answers are not found then please do use outside sources.
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