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27. At breakeven point i. ii. iii. iv. a) b) total revenue equals total cost total revenue> total cos total revenue < total cost business neither makes a profit nor loss i, ii i, iii i, ¡A

27. At breakeven point i. ii. iii. iv. a) b) total revenue equals total cost total revenue> total cos total revenue < total cost business neither makes a profit nor loss i, ii i, iii i, ¡A

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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27. At breakeven point i. ii. total revenue equals total cost total revenue > total cos total revenue < total cost business neither makes a profit nor loss a) i, ii b) i, iii i, iv d) ii, iii Use the information below to answer question 28-34 Jadon received an amount of GHe1000 from his grandpa as a birthday gift. He decides to invest the money at 10% for five years. 28. Based on simple interest, ascertain the interest receivable at the end of the investment period. a) GH 100 (6) GH 500 c) GH 610 d) GH#645 29. What is the amount receivable at the end of the five years? a) GH¢1,629 b) GHél,100 (c)) GH1,500 d) GH#1,200 30. What is the amount receivable if compounding is done annually? (a) GHe1,610 b) GHe1,620 c) GH¢1,630 d) GH¢1,640 31. Ascertain the future value if compounding is done semi-annually. a) GH¢1,635 b) GH#1,632 c) GH¢1,629 d) GH#1,626 a) GH¢1,635 32. Ascertain the future value if compounding is done quarterly. b) GH 1,639 c) GH 1,640 d) GH 1,645 a) GH#1,645 33. Ascertain the future value if compounding is done monthly. b) GH#1,646 c) GH#1,647 d) GHe1,648 111. IV.
Transcribed Image Text:27. At breakeven point i. ii. total revenue equals total cost total revenue > total cos total revenue < total cost business neither makes a profit nor loss a) i, ii b) i, iii i, iv d) ii, iii Use the information below to answer question 28-34 Jadon received an amount of GHe1000 from his grandpa as a birthday gift. He decides to invest the money at 10% for five years. 28. Based on simple interest, ascertain the interest receivable at the end of the investment period. a) GH 100 (6) GH 500 c) GH 610 d) GH#645 29. What is the amount receivable at the end of the five years? a) GH¢1,629 b) GHél,100 (c)) GH1,500 d) GH#1,200 30. What is the amount receivable if compounding is done annually? (a) GHe1,610 b) GHe1,620 c) GH¢1,630 d) GH¢1,640 31. Ascertain the future value if compounding is done semi-annually. a) GH¢1,635 b) GH#1,632 c) GH¢1,629 d) GH#1,626 a) GH¢1,635 32. Ascertain the future value if compounding is done quarterly. b) GH 1,639 c) GH 1,640 d) GH 1,645 a) GH#1,645 33. Ascertain the future value if compounding is done monthly. b) GH#1,646 c) GH#1,647 d) GHe1,648 111. IV.
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