What are two characteristics of a commerical bank

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

love history [14]

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.

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3 0

1 year ago

The managers of Presto Pizza, a popular pizzeria in Concord, California, have been encouraging senior citizens to order takeout

zysi [14]

Answer:

Market Development

Explanation:

The company has not change their product, which they want to sell their ultimate buyer. Instead they only wish to focus on a single market segment. In this case that market segment consists of senior citizens.

Moreover, the strategy requires to persuade the non buyer (senior citizens) to buy the product by providing them services (in this case free express delivery) which would encourage them to make the decision of buying pizza from Presto Pizza.

6 0

3 years ago

What are the impact of SMEDAN on entrepreneurship

daser333 [38]

You can easily apply for loans and support funds both within and outside the country. It also grants you access to funding from the government and private sector.

6 0

2 years ago

Gabi Gram started The Gram Co., a new business that began operations on May 1. The Gram Co. completed the following transactions

balu736 [363]

Answer:

Gram Co.

Statement of cash flows

For the month ended May 31, 202x

Cash flows from operating activities:

Net income $5,590

Adjustments to net income:

Increase in accounts payable $80

Net cash flow from operating activities $5,670

Cash flows from investing activities:

Purchase of office equipment ($2,020)

net cash flow from investing activities ($2,020)

Cash flows from financing activities:

Issuance of common stock $43,500

Paid dividends ($1,600)

Net cash flow from financing activities $41,900

Net cash increase during May $45,550

Initial balance of cash account $0

Ending balance of cash account (5/31) $45,550

Explanation:

operating cash flows:

rent expense ($2,400)

cleaning services ($780)

service revenue $5,300 + $2,400 + $3,200

assistant's salary ($790)

accounts payable increased by $80

assistant's salary ($790)

utilities bill ($550)

total revenue = $10,900

total expenses = $5,310

net income = $5,590

investing cash flows:

purchased equipment for $1,940

purchased office equipment $80

financing cash flows:

Issuance of common stock $43,500

paid dividends ($1,600)

7 0

3 years ago

Ira believes that Damien soap moisturizes effectively. When she sees Damien shampoo at the store, she purchases it as she assume

tino4ka555 [31]

Answer: Stimulus generalization.

Explanation:

Ira is making purchase of Damien soaps based on the Stimulus generalization that the soap would perform in the same way as what she has in mind. Stimulus generalization is when an individual reacts to similar stimuli in similar ways.

3 0

3 years ago