1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dmitriy555 [2]
3 years ago
7

Your small remodeling business has two work vehicles. One is a small passenger car used for job-site visits and for other genera

l business purposes. The other is a heavy truck used to haul equipment. The car gets 25 miles per gallon (mpg). The truck gets 10 mpg. You want to improve gas mileage to save money, and you have enough money to upgrade one vehicle. The upgrade cost will be the same for both vehicles. An upgraded car will get 40 mpg; an upgraded truck will get 12.5 mpg. The cost of gasoline is $3.30 per gallon. Calculate the annual fuel savings, in gallons, for the truck and car assuming both vehicles are driven 8,000 miles per year. (Round your answers to 2 decimal places, e.g., 32.16.)
Business
1 answer:
klemol [59]3 years ago
3 0

Answer:

Annual savings= $924

Explanation:

Giving the following information:

The car gets 25 miles per gallon (mpg). The truck gets 10 mpg. You want to improve gas mileage to save money, and you have enough money to upgrade one vehicle. The upgrade cost will be the same for both vehicles. An upgraded car will get 40 mpg; an upgraded truck will get 12.5 mpg. The cost of gasoline is $3.30 per gallon. Calculate the annual fuel savings, in gallons, for the truck and car assuming both vehicles are driven 8,000 miles per year.

Current cost= (8,000/25)*3.30 + (8,000/10)*3.30= $3,696

New cost= (8,000/40)*3.3 + (8,000/12.5)*3.3= $2,772

Annual savings= 3,696 - 2,772= $924

You might be interested in
Kingbird, Inc. receives a $11000, 9-month, 6% promissory note from Sunland Company in settlement of an open accounts receivable.
Scorpion4ik [409]

Answer and Explanation:

The journal entry at the time of receiving the note is as follows:

Note receivable Dr $11,000

         To Account receivable $11,000

(Being the note receivable is recorded)

Here the note receivable is debited as it increased the assets and credited the account receivable as it decreased the assets

6 0
3 years ago
Richard, an engineer, supervises the construction of a new mountainside roadway. When the road collapses in a landslide due to f
vredina [299]

Answer: Other Engineers

Explanation:

Richard can be sued by motorist in the event of the collapse of the road which he supervised construction, and the case would be considered with the already established engineering standards. The engineer standard directs that during construction or fabrication in engineering, the engineer should give little or no allowance for failure, because failure can lead to serious injuries or loss of life.

7 0
3 years ago
Preparing a trial balanceSmithson Floor Coverings reported the following summarized data at December 31, 2018. Accounts appear i
Triss [41]

Answer:

                                             Smithson Floor Coverings

                                                       Trial Balance

                                        As at 31st December 31, 2018

<u>Account                                                              Dr ($)                       Cr($)           </u>

Revenue                                                                                              26,000

Salaries Payable                                                                                  25,000

Equipment                                                          36,000

Salaries Expense                                                  1,600

Rent Expense                                                     17,000

Cash                                                                      7,000

Common Stock                                                                                     24,000

Accounts Receivable                                            3,600

Accounts Payable                                                                                 2,200

Interest Payable                                                                                    6,000

Dividend                                                                16,100

Utilities Expense                                                   <u> 1,900   </u>                  <u>             </u>

                                                                            <u> 83,200  </u>                  <u> 83,200</u>

Explanation:

In accounting, liability, Income and equity items have credit balances while assets and expenses have debit balances.

With that background, Start by picking balance relating to income and post them to the credit side of the trial balance, like revenue.

After that, pick balance relating to liability post them to the credit side of the trial balance, like trade payable.

Then pick balance relating to equity item, post them to the credit side of the trial balance, like common stock.

After this, pick items relating to asset and post them to the debit side of the trial balance, like trade receivables. Then, pick items relating to expenses and then post them to the debit side of the trial balance.

At the end, all income, liability and equity item balances are posted to the credit side of the trial balance while assets and expenses item balances are posted to the debit side.  And two sides balance.

Remember the purpose of a trial balance is to check the arithmetical accuracy of ledger balances and that was exactly what was done above.

5 0
3 years ago
Which types of food items have labor "built in" to their prices?
LenKa [72]

make or buy items is the best option

3 0
3 years ago
Read 2 more answers
If an agent has no authority but nevertheless contracts with a third party, the principal can be held liable on the contract. tr
enyata [817]
The answer is true i hope this helps
6 0
3 years ago
Other questions:
  • True or false? cms, not the apc advisory panel or medpac, makes the final ruling for updates and changes to opps.
    14·1 answer
  • The decisions you make with your money is called what?
    14·2 answers
  • Investments and loans base their interest calculations on one of two possible methods: the the interest and interest methods. Bo
    5·1 answer
  • Perez, in recently completed 56,000 units of a product that was expected to consume four pounds of direct material per finished
    10·1 answer
  • Why do you think effective planning is necessary in achieving our objectives?
    12·1 answer
  • Investment X offers to pay you $4,200 per year for eight years, whereas Investment Y offers to pay you $6,100 per year for five
    7·1 answer
  • A personal check with guaranteed payment is a
    13·1 answer
  • Imagine that you are at a bank, ready to open your first bank account.
    14·2 answers
  • I am having trouble with this question. Can you help me out?
    12·1 answer
  • If the managers of HHH Enterprises were to commit to an investment project under consideration, they would obtain 40% of the mon
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!