Question 25 (2 points)

If the amount invested is $520,000, the payback period is 3.75 years, average revenue per unit is $43, average cost per unit is $17, and the investment horizon is 5 years, how many units must be sold to breakeven on investment?

Question 25 options:

	4,000
	12,093
	20,000
	30,588

Question 26 (2 points)

The starting point for developing a profit and loss projection is:

Question 26 options:

	The current profit and loss statement
	The current cash flow statement
	Industry standards
	Competitor's profit and loss statements

Question 27 (2 points)

The formula for fixed payment coverage is:

Question 27 options:

	Operating profits divided by asset lease payments
	Operating profits divided by the interest payments, principal payments and lease payments
	Asset lease payments divided by operating profits
	The sum of operating profit and asset lease payment divided by the sum of asset lease payments and principal and interest payments

Question 28 (2 points)

All of the following are examples of capital expenditures except:

Question 28 options:

	The moving costs of relocating to a new office facility
	The cost of the company picnic
	The cost of purchasing new iPads.
	A farmer's purchase of a tractor