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
Oksi-84 [34.3K]
3 years ago
12

One car rental agency rents a mid dash size car at a daily rate of ​$36.95 plus 36 cents per mile. Another company rents a mid d

ash size car for ​$44.95 plus 26 cents per mile. Find the mileage for which the cost is the same. For what mileage is the cost the​ same?
Business
1 answer:
maw [93]3 years ago
4 0

Answer:

80 miles

Explanation:

Data provided in the question:

Rental of the first agency = $36.95 + 36 cents per mile

or

= $36.95 + $0.36 per mile                   [as $1 = 100 cents ]

Rental of the second agency = $44.95 + 26 cents per mile

or

= $44.95 + $0.26 per mile  

now,

let the mileage be 'x' miles

therefore,

the cost for the first agency will be = $36.95 + ( 0.36 × x )    ............(a)

and,

the cost for the second agency will be = $44.95 + ( $0.26 × x )    ........(b)

for the equal mileage, equating (a) and (b)

$36.95 + ( 0.36 × x ) = $44.95 + ( $0.26 × x )

or

( $0.36 - $0.26 ) × x = $44.95 - $36.95

or

0.1x = 8

or

x = 80 miles

You might be interested in
Which of the following might help to solve a free-rider problem? Select all that apply:
Delvig [45]

Answer:

A.

Explanation:

Since not everyone in a given community would be inclined to pay for a public good, everyone could be made to pay for it through tax.

7 0
3 years ago
Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and
Damm [24]

Answer:

c. debit Investment-Evans Company Bonds, $100,000, and Interest Receivable $1,500; credit Cash $101,500

Explanation:

c. debit Investment-Evans Company Bonds, $100,000, and Interest Receivable $1,500; credit Cash $101,500

The interest is due on bonds of $ 100,00 so it is added to the total amount.

The other choices are incorrect as A does not account for interest due.

B does not indicate the amount of interest separately. D is wrong as interest is again deducted from the total of bonds also they are credited it is receivable not payable

3 0
3 years ago
On March 1, 2012, Kelly Company lent $3,500 to Tim on a 1-year 6% promissory note. The amount of interest to be accrued on Decem
schepotkina [342]

Answer:

$210

Explanation:

Calculation for what the amount of interest to be accrued on December 31 will be

Using this formula

Accrued interest =Amount lent×Promissory note percentage

Let plug in the formula

Accrued interest=$3,500×6%

Accrued interest=$210

Therefore the amount of interest to be accrued on December 31 will be $210

7 0
3 years ago
Which of the following determines the process that a company will use to create its product? Group of answer choices a firm's mu
tekilochka [14]

Answer:

The answer is a firm's business level strategy

Explanation:

A strategy is a blueprint or a plan which spells out the major policies of an organisation, its goals and actions that will enables it to achieve the organisational objectives.

A firm business level strategy is a tool aimed at improving the competitive position of a firm's products within the market segment or industry that the firm operates.  It focuses on how a firm will satisfy customer's needs and gain competitiveness in the market in which it operates by  exploiting opportunities in market.  

6 0
3 years ago
Skoff Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished
puteri [66]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Refurbishing materials:

Variable cost= $600

Fixed costs= $18,800

Estimated cost= 600*35 + 18,800= $39,800

Actual cost= 600*32 + 18,800= $38,000

Refurbishing activity variance= Estimated - actual cost

Refurbishing activity variance= 39,800 - 38,000= 1,800 favorable

5 0
3 years ago
Other questions:
  • Moonbeam Company manufactures toasters. For the first 8 months of 2017, the company reported the following operating results whi
    12·1 answer
  • The ____________ position has more room than the ____________ position, so larger substituents are more stable in the equatorial
    11·1 answer
  • International Toys (IT) manufactures toys in South Carolina and sells them to stores around the world. A customer in Europe is i
    15·1 answer
  • Identify the statement about NGOs that is false.
    15·1 answer
  • A cruise line offers a trip for dollar-sign 1800 per passenger. If at least 100 passengers sign up, the price is reduced for all
    12·1 answer
  • How can setting goals help me get some of the things I need or want?
    13·2 answers
  • Markung's Co. is 100% equity-financed company (no debt or preferred stock); hence, its WACC equals it cost of common equality. M
    5·1 answer
  • Mark Simpson earns $980 biweekly as a security guard for Albany Med. His group medical insurance costs $7,000 a year. The compan
    9·1 answer
  • Calculating the Direct Materials Price Variance and the Direct Materials Usage Variance Guillermo's Oil and Lube Company is a se
    5·1 answer
  • The smith sneaker corporation wants to make a minimum profit of 30% on its newest running shoe. To set the selling price for the
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!