You go out to eat with your family, and you agree to leave the p. what is a 15% p on a $60.00 bill?

Matt Simpson owns and operates Quality Craft Rentals, which offers canoe rentals and shuttle service on the Nantahala River. Cus

Vlad1618 [11]

The price that Quality Craft Rentals should charge per rental is $35.57.

Data and Calculations:

Fixed Costs Variable Costs Total Annual Costs

Canoe maintenance $ 3,100 $61,200 ($9 x 6,800) $64,300

Licenses and permits 3,800 0 3,800

Vehicle leases 6,200 0 6,200

Station lease 7,720 0 7,720

Advertising 6,800 $47,600 ($7 x 6,800) 54,400

Operating costs 21,800 $47,600 ($7 x 6,800) 69,400

Annual depreciation ($27,000/10) 2,700

Total annual costs $208,520

Before-tax return on assets 33,363

Total costs + returns $241,883

Total rentals per year 6,800

Price to charge per rental ($241,883/6,800) $35.57

Thus, the price per rental of $35.57 would ensure that Quality Craft Rentals makes an annual 16% <em>before-tax return on assets</em> using life-cycle costs.

Learn more: brainly.com/question/13959507

7 0

2 years ago

A lottery winner can take $6 million now or be paid $600,000 at the end of each of the next 16 years. The winner calculates the

Semmy [17]

Answer:

Yes, her decision was correct because of Net present value rule.

Explanation:

the net present value (NPV) applies to a series of cash flows occurring at different times.

The present value of a cash flow depends on the interval of time between now and the cash flow. It also depends on the discount rate. NPV accounts for the time value of money. It provides a method for evaluating and comparing capital projects or financial products with cash flows spread over time, as in loans, investments, payouts from insurance contracts plus many other applications.

Time value of money dictates that time affects the value of cash flows.

5 0

3 years ago

Read 2 more answers

Write a paragraph explaining how the relationship between different needs is affected by different living conditions of differen

myrzilka [38]

Looks like you need to write a paragraph and ask for proof reading.

6 0

3 years ago

Mission Company is thinking of discontinuing product line F because it is reporting an operating loss. All fixed costs are unavo

Ierofanga [76]

Answer:

Operating income will decrease.

Explanation:

The company's operating income is dependent on the production lines and in the short run the company might be cutting its expenses and losses by shutting down the production line but cutting a part of the company which can produce revenue is never a solution rather the company checks how they can cut down their expenses as they have unavoidable fixed expenses by this action it will seem that they will cut $21000 rental expense only and how much revenue will they will actually loose? a lot.

The company can even adjust on the space they rent or move t a cheaper cost and also work on the expenses that are unavoidable to decrease them and maximize on getting more revenue.

4 0

3 years ago

As measured in 2008, about _________ of U.S. trade and ________ of European trade is intra-industry trade.

Natalija [7]

Based on information available, as measured in 2008, about 60 percent of U.S. trade and 60 percent of European business is intra-industry trade.

<h3>What is intra-industry trade?</h3>

The intra-industry trade is a term used in describing the commercial activities that involve the exchange of related products about the same industry.

The intra-industry trade is common in international markets where related features are exchanged between countries.

Based on the information released in 2008, the intra-industry trade takes a massive part of the USA and Europe trade, with 60 percent each.

Hence, in this case, it is concluded that intra-industry trade is a common phenomenon in the international market.

Learn more about Intra-industry trade here: brainly.com/question/8495793

7 0

2 years ago