All categories

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:

love history [14]2 years ago

3 0

Fixed cost per mile 0.32 =(1600+1200+360+40)/10000.

Kristen Lu purchased a second user automobile for 8,000 at the start of last year and incurred the subsequent operatingcosts:8,000atthebeginningoflastyearandincurredthefollowingoperatingcosts ($8,000 ÷5 years) Insurance Garage rent Automobile tax and license Variable operating cost$ 1.600 $ 1.200 $ 360 $ 40 $ 0.14 per mile$The variable expense consists of gasoline, oil, tires, maintenance, and repairs. therefore the annual straight-line depreciation is$1,600.

The car is kept in a very garage for a monthly fee. Kristen drove the car 10,000 miles last year. Compute the typical cost per mile of Owning and operating cost of the the car. What costs above are relevant during this decision? Kristen is considering buying an upscale sports car to interchange the car she bought last year.

She would drive the identical number of miles irrespective of which car she owns and would rent the identical parking zone. The sports car's variable operating costs would be roughly identical because of the variable operating costs of her old car.

learn more about operating cost: brainly.com/question/2115053

#SPJ4

You might be interested in

Amanda wants to become an industrial designer. She wants to learn this specialized skill from an expert in this industry by work

Veseljchak [2.6K]

Undertaking an apprenticeship. Apprenticeships are regulated forms of internships where an individual can become qualified and certified in a given profession.

8 0

3 years ago

Read 2 more answers

On January 1, Parson Freight Company issues 8.0%, 10-year bonds with a par value of $3,200,000. The bonds pay interest semiannua

madreJ [45]

Answer:

Dr Cash 2,982,557

Dr Discount on bonds payable 217,443

Cr Bonds payable 3,200,000

Explanation:

Preparation for the bond issuance Journal entry

Since we were told that the Company has par value of the amount of $3,200,000 and the bond selling price of $2,982,557 which means the bond issuance should be recorded as:

Dr Cash 2,982,557

Dr Discount on bonds payable 217,443

(3,200,000-2,982,557)

Cr Bonds payable 3,200,000

6 0

3 years ago

List and describe the three communities of interest that engage in an organization’s efforts to solve InfoSec problems. Give two

USPshnik [31]

Answer:

List Of Communities Interest that engage in an organization's effort.

1) Information Security Community

2) Information Technology Community

3) General Business Community

Explanation:

1) Information Security Community: This community protects the organization information assets from many threats they face. Example: This community comprises of the IT Professionals, Chief information security officer, and managers who bear the responsibility to secure the information.

2) Information Technology Community: This community supports the business objectives of the organization by supplying and supporting IT that is appropriate to the organization needs. Examples: IT Professionals, Chief information officer, and managers who acts as providers of information technologies.

3) General Business Community: This community articulates and communicates organizational policy and objectives and allocates resources to the other group. This community includes: Non-IT Professionals, Users and Managers.

5 0

4 years ago

If the effective annual yield on a bond is equal to the bondʹs coupon rate, the bond will have a market value that is

dalvyx [7]

If the effective annual yield on a bond is equal to the bondʹs coupon rate, the bond will have a market value that is equal to the principal value of the bond. Option B. This is further explained below.

Generally, a Bond is simply defined as fixed-income investments such as bonds that reflect a loan from an investor to a borrower, often a corporation or the government.

In conclusion, In this case, the bond's market value will be equal to the principal value of the bond. if the bond's effective yearly yield is equal to the bond's coupon rate