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Setler [38]
3 years ago
8

The preventative maintenance plan for your automobile is $896. If you were required to replace your battery and starter for $98

and $443, respectively, how much would the repairs cost you
Business
1 answer:
wolverine [178]3 years ago
4 0

The cost of repairs on the automobile is $1,437 when the preventative maintenance plan is $896, and the cost of replacing the battery and the starter is $98 and $443.  

<h3>What is the meaning of repairs?</h3>

Repairs costs are incurred when the asset is replaced, destroyed, or depreciated after a certain period of time. They are the expenses for the company.

Given values:

Preventative maintenance plan: $896

Replacement cost of battery: $98

Replacement cost of starter: $443

Computation of repairs cost:

\rm\ Repairs \rm\ Cost=\tm\ Cost \rm\ of \rm\ Preventative \rm\ maintenance \rm \ plan + \rm\ Replacement \rm\ cost \rm\ of \rm\ battery + \rm\ Replacement \rm\ cost \rm\ of \rm\ starter\\\rm\ Repairs \rm\ Cost=\$ 896 + \$ 98+ \$443\\\rm\ Repairs \rm\ cost=\$1,437

Therefore, the cost of repairs amounts to $1,437 on the automobile.

Learn more about the repairs in the related link:

brainly.com/question/15193149

#SPJ1

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Identify how planned investment will change in each scenario. Please choose from the given below options.
Ede4ka [16]

Answer:

1. Airwings, a commercial airline manufacturer, becomes optimistic about economic conditions after seeing reports of strong growth in consumer spending. Due to Airwings, planned investment will increase.  

2. The Federal Reserve announces an end to accommodative monetary policy, and is now implementing policy tools that will increase the real interest rate. Due to the Fed, planned investment will decrease.

3. In an effort to reduce constant budget deficits, Congress announces plans to increase the corporate income tax rate. Due to the Congress, planned investment will decrease.  

Explanation:

1) Due to Airwings, planned investment will increase.

Since the business has a promising future, it will start capacity expansion to cater to consumer demand.

2) Due to the Fed, planned investment will decrease.

A higher real interest rate suggests that borrowing cost is higher for the firms and so that they will lessen the investment in response to that.

3) Due to the Congress, planned investment will decrease.

A lower tax implies that higher profits and firms can pass these benefits to consumers with lower prices, to employees with higher wages and the government with a tax on profit. However, if the rate of the tax itself has been increased then in that case corporate will see higher tax as a dampener in sentiments and they might curtail investment plans.

8 0
4 years ago
Kahn Company paid $240,000 to purchase a machine on January 1, Year 1. During Year 3, a technological breakthrough resulted in t
sesenic [268]

Answer:

Yes, the machine should be replaced

Explanation:

The computation is shown below:

Particulars              old Machine            New machine

Purchase price                                       $300,000

Less:

Salvage value                                        -$80,000

Operating cost         $400,000              $144,000

                          ($100,000 × 4 )        ($36,000 × 4)

Total cost                 $400,000                $364,000

So, the financial advantage is

= $400,000 - $364,000

= $36,000

Since there is a financial advantage of $36,000 so the old machine should be replaced with the new machine

0 0
4 years ago
With any successful hedge, you can avoid the accounting ramifications of a loss on one side by keeping it off the books. you are
Leviafan [203]

Answer:

none of the options

Explanation:

Hene in accounting is the situation whereby hedge managers where able to raise capital for a given business venture. The invested money helps in making further money for those hedge companies or its manager.

8 0
3 years ago
The function of media advertising is to support the economy, provide information about products, and underwrite media costs asso
Lynna [10]
<span>The function of media advertising is to support the economy, provide information about products, and underwrite media costs associated with: Promotion of consumption
By using media advertising, a company will be able to obtain larger reach to inform potential customers about the existence of their product, which will persuade the potential buyers to spend their saving to consume their products.</span>
6 0
4 years ago
A University of Iowa basketball standout is offered a choice of contracts by the New York Liberty.
Ratling [72]

Answer: <em>The lowest interest rate at which the present value of the second contract exceeds that of the first is </em><em>a. 7 percent</em><em>.</em>

Explanation:

<em>Calculating present values is a useful way to compare cases where money is to be received in the future. The higher the present value (when comparing cases where you get money), the better</em>. To calculate it, we make use of the next formula:

PV=\frac{C}{(1+r)^{n}}

Where PV: Present value,

C: Cash flow at a given period,

r: Interest rate, and

n: Number of periods that will have passed (in this case, we are talking about years).

Now, since we are getting money twice in each case (the first payment one year from today, and the final payment two years from today), we can restructure our present value formula to include these two payments. We will get something like this:

PV=\frac{C_1}{1+r}+\frac{C_2}{(1+r)^{2}}

<em>Notice how each fraction represents one of the payments received, with one having an 'n' of 1 year, and the other one having an 'n' of 2 years. C₁ and C₂ represent the first and the second payment, respectively.</em>

<em />

Now that we have our completed formula, let's review each contract's present value (PV) with the lowest interest rate (7%), just to see how it turns out. <em>Remember that 7% equals 0.07 in any formula</em>:

<em>Contract A) This one gives her $100,000 one year from today and $100,000 two years from today</em><em>.</em>

PV_{A,0.07}=\frac{100000}{1+0.07}+\frac{100000}{(1+0.07)^{2}}\\PV_{A,0.07}=93457.944+87343.873\\PV_{A,0.07}=180801.817dollars

So Contract A's present value at 7% interest rate would be equal to <em>$180801.817</em>.

<em>Contract B) The second one gives her $132,000 one year from today and $66,000 two years from today</em><em>.</em>

PV_{B,0.07}=\frac{132000}{1+0.07}+\frac{66000}{(1+0.07)^{2}}\\PV_{B,0.07}=123364.486+57646.956\\PV_{B,0.07}=181011.442dollars

So Contract B's present value at 7% interest rate would be equal to <em>$181011.442, </em><em><u>which exceeds that of Contract A</u></em><em>.</em>

<em>Since among our options of interest rates, 7 percent is the lowest one, and, with this taken into account, the present value of the second contract (Contract B) exceeded that of the first (Contract A), </em><em>the answer is a. 7 percent</em><em>.</em>

8 0
3 years ago
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