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]
2 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]2 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
Sage Hill Inc. Issues $254,000, 10-year, 10% bonds at 97. Prepare the journal entry to record the sale of these bonds on March 1
Mamont248 [21]

To record final annual interest and bond repayment:

2017

Mar 1

Bonds interest expense       $25,400

Bonds payable                      $254,000

          Cash                                                  $279,000

On March 1, 1997, the date of issuance, the entry is:

1997

Mar 1

Cash                                        $254,000

          Bonds payable                                  $254,000

On each March 1 for 10 years, beginning March 1, 1997 (ending March 1, 2017), the entry would be (Remember, calculate interest as Principal x Interest Rate x Time)

Mar 1

Bond Interest Expense ($100,000 x 12% x 1)          $25,400

          Cash                                                                                  $25,400


8 0
3 years ago
How much money is wasted on fraudulent health products each year.
Lubov Fominskaja [6]

Answer:

60 billion

Explanation:

This might help you: The National Health Care Anti-fraud Association (NHCAA) conservatively estimates that 3 percent of all health care spending, or $60 billion, is lost to health care fraud.

Hope this helps :)

Have a nice day!

8 0
2 years ago
Suppose seafood price and quantity data for the years 2000 and 2009 follow. Use 2000 as the base period. Seafood 2000 Qty. (lb)
Ksivusya [100]

Answer:

a) Price Relative for Halibut is 115.9 (1 d.p)

Price Relative for Lobster is 85.4 (1 d.p)

Price Relative for Tuna is 105.4 (1 d.p)

b) The Weighted Aggregate Price Index for the seafood catch is 98.4.

Explanation:

a) The Price Relative for a good refers to it's current price divided by it's base price times 100. It therefore measures a change in price across different periods.

Writing the formula as stated is,

Price Relative = Current Price / Base Price * 100

Price Relative for Halibut = 2.33/2.01 * 100

= 115.9 (1 d.p)

Price Relative for Lobster = 3.09/3.62 * 100

= 85.4 (1 d.p)

Price Relative for Tuna = 1.97/1.87 * 100

= 105.35

= 105.4 (1 d.p)

b) The Weighted Aggregate Price Index enables us to see how prices in a particular basket has changed over a period of time. It is calculated as follows,

Weighted Price Index = (Sum of Weighted Current Price ) / ( Sum of weighted Base Price) * 100

Sum of Weighted Current Price = (75,190 * 2.33) + (83,080 * 3.09) + ( 50,779 * 1.97)

= 538,124.53

Sum of Weighted Base Price = (75,190 * 2.01) + (83,080 * 3.62) + ( 50,779 * 1.87)

= 546,838.23

Weighted Price Index = (538,124.53 / 546,838.23) *100

= 98.4

The Weighted Aggregate Price Index for the seafood catch is 98.4.

6 0
3 years ago
Which of the following are effective means of aligning management goals with shareholder interests?
gizmo_the_mogwai [7]

Answer:

E. I, II, III, and IV

Explanation:

All of the mentioned strategies would work.

Employee stock option provides the enthusiasm and energy to perform good among employees. This is beneficial for the company and shareholders as well.

The threat of takeover, scares the shareholders in losing their share, and effective voting right. Also the management feels threaten as the new company might replace them with the management personnel they desire.

Management bonuses help management to get a boost in energy and accordingly motivates to work good, also the shareholders desiring performance will find it effective.

The threat of proxy fight engages both the parties to behave properly towards each other and respect each other.

3 0
3 years ago
Choose the correct answer and rationale. “The prices listed on retail websites...”
Cloud [144]

Odd consecutive integers are odd integers that follow each other. They have a difference of 2 between every two numbers. If n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". Examples.

5 0
3 years ago
Read 2 more answers
Other questions:
  • La belle released a cut glass bottle of perfume at $299 per item, even though its major competitor prices its signature scent at
    5·2 answers
  • Orlando has a bank statement balance of $414.25 and $5.90 service charge. His check register shows $374.16 and he has two outsta
    11·1 answer
  • Mary visits her local shopping mall to purchase some much needed additions to her wardrobe. In selecting the items she wants to
    14·1 answer
  • An x-ray machine at a dental offi ce is MACRS 5-year property. The x-ray machine costs $6,000 and has an expected useful life of
    9·1 answer
  • The following transactions occurred during December 31, 2021, for the Microchip Company. On October 1, 2021, Microchip lent $115
    12·1 answer
  • Bauer Securities decided to purchase a 51% controlling interest in a small private company that produces software necessary to r
    11·1 answer
  • M.njkbh n n kj. jbjk mnklmnlnjk nklj. .kjkn.bh .kjbh .bkkh
    6·2 answers
  • Morganton Company makes one product and it provided the following information to help prepare the master budget for its four mon
    14·1 answer
  • Evan bought into a housing cooperative that's focused on cultural exchange. Each month, the co-op residents have dinner meetings
    8·1 answer
  • Under the double-entry system of accounting, a debit is always a negative entry.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!