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Annette [7]
3 years ago
15

An airport parking lot charges $5.00 for the first two hours of parking and $0.75 for each additional half hour or part thereof.

Of Sam parks his car for 8 hours, how much does he pay for parking
Business
2 answers:
mina [271]3 years ago
7 0

Answer:

$14.50

Explanation:

At the airport, first 2 hours are charge for $5.00 and $0.75 for each additional half hour or part thereof.

If Sam parks for 8 hours, it means the first 2 hours are charge for $5.00

Remaining 6 hours will be charged at a rate of $0.75

Hence the total amount paid by Sam for parking his car for 8 hours

= (2 × $5) + (6 × $0.75)

= $10 + $4.50

= $14.50

VLD [36.1K]3 years ago
3 0

Answer:

$14

Explanation:

Sam parks his car for 8 hours, the first two hours cost $5 and he would pay $0.75 for every half hour after the first two hours . That means he would pay $1.50 for every hour after the first two hours.

He spent 6 hours extra. The total amount that would be paid = $1.50 × 6 = $9

He would pay a total of $9 for the 6 hours extra he parked his car.

The cost of parking for the 8 hours is = $9 + $5 = $14

I hope my answer helps you

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What do you think of when you hear the words “product development”?
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Answer: Product development is the complete process of delivering a new product or improving an existing one for customers. The customers can be external or internal within a company.The objective is to ensure that the new or enhanced product satisfies a real customer needs

Explanation:

7 0
2 years ago
What are the three conditions for a market to be perfectly​ competitive? For a market to be perfectly​ competitive, there must b
xz_007 [3.2K]

Answer:

There are 4 conditions that make a market to be perfectly competitive:

  1. There must be a large number of buyers and sellers, and each one must be relatively small.
  2. All the sellers produce identical products or services.
  3. There are no barriers for entry or exit.
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5 0
2 years ago
Vicky Robb is considering purchasing the common stock of Hawaii Industries, a rapidly growing boat manufacturer. She finds that
Sergio [31]

Answer:

P0 = $51.9956 rounded off to $52.00

Explanation:

The two stage growth model of DDM will be used to calculate the price of a stock whose dividends are expected to grow over time with two different growth rates. The DDM values a stock based on the present value of the expected future dividends from the stock.

The formula for price of the stock today under this model is,

P0 = D0 * (1+g1) / (1+r)  +  D0 * (1+g1)^2 / (1+r)^2  +  ...  +  D0 * (1+g1)^n / (1+r)^n  + [ (D0 * (1+g1)^n * (1+g2) / (r - g2)) / (1+r)^n ]

Where,

  • D0 is the dividend today or most recently paid dividend
  • g1 is the initial growth rate which is 20%
  • g2 is the constant growth rate which is 8%
  • r is the required rate of return

P0 = 2.5 * (1+0.2) / (1+0.15)  +  2.5 * (1+0.2)^2 / (1+0.15)^2  +  

2.5 * (1+0.2)^3 / (1+0.15)^3  +

[(2.5 * (1+0.2)^3 * (1+0.08) / (0.15 - 0.08) / (1+0.15)^3)

P0 = $51.9956 rounded off to $52.00

3 0
2 years ago
You noticed that a fast food restaurant's operating cycle is 30 days. would this suggest the restaurant is selling food beyond i
iris [78.8K]

No, i will not suggest the restaurant is selling food beyond its expiration date because the operating cycle includes the average collection period which will be long if the restaurant only takes cash.

<h3>What is an operating cycle?</h3>

This refers to the number of days required for a business to receive inventory, sell the inventory and collect cash from the sale of the inventory.

The operating cycle as a financial tools plays a major role in determining the efficiency of a business.

Hence, whenever we noticed that a fast food restaurant's operating cycle is 30 days, we will not suggest the restaurant is selling food beyond its expiration date because the operating cycle includes the average collection period which will be long if the restaurant only takes cash.

Read more about operating cycle

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4 0
1 year ago
In 2014, David Company accrued, for financial statement reporting, estimated losses on disposal of unused plant facilities of $2
poizon [28]

Answer:

d. $720,000 asset.

Explanation:

At 2014 David Company reported a loss for 2,400,000 which, for taxes purposes wasn't recognized.

Thus, there is a temporary diffrence in favor of the company,

as is paying more income tax today (the 2,400,000 loss is not recognzied thus, more income taxes are being paid)

and then, will pay less than the accounting net income (latter will pay taxes including this loss, thus less income tax)

This is a deffered income tax asset for: 2,400,000 x 30% = 720,000

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8 0
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