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2 years ago

Kristen Lu purchased a used automobile for 8,000 at the beginning of last year and incurred the following operating costs:

Business

1 answer:

TEA [102]2 years ago

8 0

Depreciation = 8000/5 = 1600

Insurance = 1200

Garage Rent = 360

Automobile tax and license = 40

Variable operating cost = 0.14 per mile

Variable operating costs include gasoline, oil, tires, maintenance, and repairs. Kristen estimates that, at its current usage rate, the car will have zero resale value in five years, so the annual straight-line depreciation is $1,600. Cars are garaged for a monthly fee.

Requirement:

Kristen drove the car 10,000 miles last year. Compute the average cost per mile of owning and operating the car.

(Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Fixed cost per mile (3,200 ÷ 10,000 miles) = 0.32

Variable operating cost per mile = 0.14

Average cost per mile = 0.46 (0.32 + 0.14)

Learn more about average cost:

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Tariq and Noelle work in the sales department at CTI Telecommunications. Tariq is the star salesman of the department and makes

larisa [96]

Answer:

D) She volunteers to do the mundane tasks others avoid, and she does things like buying birthday cards for co-workers and organizing parties.

Explanation:

Noelle is someone that is an average performer, so she will be open to doing mundane tasks since she is not overly worried about having a star performance.

She is also some one that spends more time than she should socializing with friends in other departments.

So she would be more prone to buying birthday cards for co-workers and organizing parties.

Noelle is an average performer with good social skills so she will be one that does not prioritise performing better than others

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3 years ago

The financial staff of Cairn Communications has identified the following information for the first year of the roll-out of its n

Dmitrij [34]

Answer:

$9,600,000

Explanation:

The computation of the projected operating cash flow is given below:

= EBIT × (1 - tax rate) + depreciation expense

where

EBIT should be

= $20,000,000 - $8,000,000 - $6,000,000

= $6,000,000

Now the operating cash flow should be

= $6,000,000 × (1 - 0.40) + $6,000,000

= $3,600,000 + $6,000,000

= $9,600,000

4 0

3 years ago

Alejandro Yago leased a Jeep for $209.00 per month for 60 months.He paid a deposit of $850.00, a title fee of $45.00, and a lice

kenny6666 [7]

Answer:

$ 14,267.88

Explanation:

The total cost of leasing the jeep will be

Title fee : = $45.00

License fee: =$60.00

Monthly fees: $209.00 x 60 = $12,540

charges for miles above 60,000 miles (73,524 -60,000)

=$0.12 x 13524

=$1,622.88

Total cost = $45 +$60 + $12,540, + $1,622.88

Total cost = $ 14,267.88

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3 years ago

Which type of incentive makes it more profitable to follow a certain course of action?.

marusya05 [52]

A positive incentive measure is an economic measurement that is designed to promote beneficial activities.

The incentive that makes it more profitable to follow a certain course of action is a positive incentive.

<h3 /><h3>What is a positive incentive? </h3>

A positive incentive defines as a measure is an economic, legal institutional activity that is projected to boost beneficial activities. A positive incentive is a measurement that helps to follow a certain course of action.

It is also defined as the business rewards for producing particular choices or taking definite actions.

<u>Example:</u>

Incentive costs for organic farming, agricultural land set-aside strategies, as well as public or grant-aided land purchases or improvement advantages.

Therefore, the positive incentive makes it more profitable to follow a definite course of action.

Learn more about the positive incentive, refer to:

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3 years ago

You wish to buy a cabin in 15 years. TODAY, the cabin costs $150,000. You believe the price of the cabin will inflate at 4% annu

vfiekz [6]

Answer:

I will need to invest 64,669.73 dollars now.

Explanation:

We will calcualte the future value of the cabin considering the inflation:

$Principal \: (1+ inflation )^{time} = Amount$