Question1. Over the past year Company "X" experienced the following: raised $100,000 by issuing new common shares; had a

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Question1. Over the past year Company "X" experienced thefollowing: raised $100,000 by issuing new common shares; had a netincome of $210,000; bought $610,000 of new equipment; haddepreciation of $60,000; reduced inventories by $900,000; borrowed$120,000 from the bank; repaid a mortgage totaling $120,000; soldold equipment for $750,000. For the year, Company "X" raised fromFinancing Activities the following amount of cash:
a. $220,000
b. $120,000
c. $100,000
d. $270,000
Question2. Jordan is planning to open up up a sandwich shop. Anestimate of his costs/revenues are as follows: average sales priceper sandwich: $12.75; yearly rent: $12,000; monthly fixed utilitybill: $800; average cost of ingredients per sandwich: $3.55;monthly labour bill(fixed0; 410,500; miscellaneous fixedsupplies/month: $1,000; misc. variable supplies; $0.37 persandwich.
How many additional sandwiches does she need to sell per monthto breakeven on an advertising campaign costing $1,800 permonth?
a. 204 units
b.210 units
c. 198 units
d. 212 units