Answer thefollowing 10 questions. You need to develop your answers and statements with atleast three sentences per question.

1.     Define theconcepts fixed costs and variable costs.

2.     Describe what abreak-even chart is and what it is used for.

3.     What does fullcost of a product mean?

4.     What is acapital investment?

5.     Describe thedifference between economic life and technical life (regarding investment).

6.     What isdepreciation according to plan?

7.     What is annualcash receipts surplus?

8.     Provide threeexamples of assets and three examples of equity and liabilities.

9.     What is netsales in an income/loss statement?

10.  Describe theconcept 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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