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True or False 16. If a firm has $46,000 in revenue and $24,000 in expenses, its net profit is $70.000. 17. The breakeven point is

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16. If a firm has $46,000 in revenue and $24,000 in expenses, its net profit is $70.000. 17. The breakeven point is the point at which volume of sales creates the greatest profit. 18. Fidelity bonds provide protection against the failure of others to fulfill contractual obligations

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