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Answer the following questions using the information below:
Flowers For Everyone is considering replacing its existing delivery van with a new one.The new van can offer considerable savings in operating costs.Information about the existing van and the new van follow:
-'Sunk costs' include:
Annual Revenues
The total amount of income generated by a business, government, or organization from its activities over the course of a year before any costs or expenses are deducted.
Budget Deficits
A situation where a government's expenditures exceed its revenues, resulting in the need to borrow money.
Great Depression
A severe worldwide economic downturn that lasted throughout the 1930s, marked by widespread unemployment, deflation, and a significant drop in global trade and output.
Annually Balancing
The process of adjusting or reconciling financial accounts or budgets to match or balance over a one-year period.
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