Breeders can use a punnett square, such as the one below, to predict the outcome of a genetic cross

Yes this is true. The Punnett square can be used for such purposes

Mitochondria produce atp, a high energy compound. atp is used for all sorts of enzyme-mediated reactions, such as making proteins/nucleotides/etc, certain compounds cross the cell membrane, muscles move, etc.  without this source of energy, a cell will die. it will not be able to repair itself, defend against pathogens, etc.