Find the Missing Value

question 96

Multiple Choice

Find the missing value.

• A)4.5 years
• B)6 years
• C)5 years
• D)5.5 years

Understand the fundamentals of cash management and the importance of maintaining a cash change fund.

Demonstrate the ability to record cash transactions accurately in journal entries.

Identify and explain discrepancies in cash transactions and propose solutions.

Understand the concept and benefits of electronic funds transfer (EFT) in financial transactions.

---

Definitions:

Operating Leverage

A measure of how a company's operating income responds to a change in sales volume, indicating the proportion of fixed versus variable costs.

Variable Costs

Expenses that vary based on the amount of products or services a company generates.

Break-Even Number

The quantity of products or services a business needs to sell to cover its costs, without making a profit or a loss.

Passenger

An individual who travels in a vehicle, aircraft, or vessel, but does not operate it or work as part of the crew.