Question 3 3 pts 3) Given the financial information below, what is the breakeven revenue for that products $5,000,000 $1.750,000 Revenues Less: Cost of Goods Sold Gross Profit Less: Fixed Costs Net Income $3,250.000 $1.300.000 $1,950,000 Other data: Unit price is $200. Variable cost is $70, Unit Sold is 25,000 O $1,300,000 $3,250,000 O $3,050,000 O $2,000,000 Question 4 8 pts 4) A company purchased $500 of supplies and received an invoice with 1/10, net 25 cash discount term. What is the approximate annual interest rate of not taking advantage of the cash discount? 26% None of the above 52% 0 45% 8 pts Question 5 5) Hospitality Services has the following financials (000's): U None of the above Question 6 8 pts 6) What would happen to a company's current ratio if it pays off some of its short-term creditors? Remain the same Not enough information to determine Increase Decrease 8 pts DIE Question 7 7) Preferred stock and long-term bonds are similar because O Nol enough formation to determine Increase Decrease Question 7 8 pts 7) Preferred stock and long-term bonds are similar because They both have voting power Interest and dividend payments are legal obligations Interest and dividend payments are tax deductible expenses Interest and dividend payments are fixed 8 pts D Question 8 MacBook Air Question 9 8 pts 9) A venture capital investment is typically an equity investment that has which of the following attributes: A venture capital investment is made in the interest of generating returns similar to those desired by angel investors. A venture capital investment generates a guaranteed return by requiring that, by a certain date, the founder(s) pursue a realization event such as the sale of the company or an initial public offering. A venture capital investment is generally made in anticipation of a follow-up angel investment. A venture capital investment is made with the intention to achieve majority control of a company over time. 8 pts Question 10 MacBook Air