Alejandrob938idn
Answered

Join IDNLearn.com today and start getting the answers you've been searching for. Our experts provide accurate and detailed responses to help you navigate any topic or issue with confidence.

Peter owns a candy store. His starting balance last month was $15,300.

His ending balance was $12,500. What is Peter Burn Rate?

Sagot :

Samuelonum1idn

The Time interval is one month, hence the burn rate is the difference between the starting and the ending balance is $2,800

Monthly Burn Rate Computation

Given Data

  • Starting Balance =  $15,300
  • Ending Balance =  $12,500
  • Time Interval = 1 months

Difference between Starting and Ending Balance

= 15,300- 12,500

= 2,800

We have found the difference between the Starting Balance and the ending Balance as $2,800

Learn more about burn rate here:

https://brainly.com/question/14703319

We value your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com has the answers you need. Thank you for visiting, and we look forward to helping you again soon.