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polet [3.4K]
3 years ago
5

An employee of a delivery company drives 480 miles at 60 miles per hour in a vehicle that averages 20 miles per gallon of gas. T

he employee is paid $12 per hour, gasoline costs $3 per gallon, and maintenance on the vehicle is $0.15 per mile. According to these rates, what is the total cost of this trip for the company?
Business
1 answer:
DanielleElmas [232]3 years ago
8 0

Answer:

The total cost of this trip for the company is $1,124.

Explanation:

Distance Drove = 480 miles

Speed = 60 miles per hour

Gas consumption = 480 / 20 = 24 gallons

Time Taken = 480 / 60 = 80 hours

Gallon of Gas Rate = $3 per gallon

Employee Pay rate = $12 per hour

Maintenance cost = $0.15 per mile

Total Cost of Trip for the company = ( 24 x $3 ) + ( 80 x $12 ) + ( 480 x $0.15 )

Total Cost of Trip for the company = $72 + $960 + $72

Total Cost of Trip for the company = $1,124

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Answer:

Explanation:

Last year the equilibrium price and the quantity of good X were $10 and 5 million pounds, respectively.

The producer surplus is the difference between the minimum price that a producer is willing to accept and the price it actually gets. It can be found by calculating the area between the supply curve and the market price.

The producer surplus

= \frac{1}{2}\ \times\ base\ \times\ height

= \frac{1}{2}\ \times\ quantity\ \times\ price

= \frac{1}{2}\ \times\ 5\ \times\ 10

= $25

Because of strong demand this year, the equilibrium price and the quantity of good X are $12 and 7 million pounds, respectively.

The producer surplus

= \frac{1}{2}\ \times\ base\ \times\ height

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= $42

5 0
3 years ago
Gordon Company reports the following information at the current fiscal year end of December 31: Common Stock, $0.10 par value pe
telo118 [61]

Answer:

$0.71

Explanation:

Calculation to determine What was the average selling price for the common stock issued

Using this formula

Common stock issued avarage selling price=

Paid-in Capital in Excess of Par-Common÷Common Stock par value per share

Let plug in the formula

Common stock issued avarage selling price=($600,000+$98,000)/($98,000÷$0.10)

Common stock issued avarage selling price=$698,000/$980,000

Common stock issued avarage selling price=$0.71

Therefore the average selling price for the common stock issued is $0.71

3 0
3 years ago
Red Corporation, which owns stock in Blue Corporation, had net operating income of $200,000 for the year. Blue pays Red a divide
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6 0
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The process you need to to start a fashion clothing brand.

  • Fist step is to recognized the fashion need in the market.
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<h3>What is Clothing Brand?</h3>

This is known to be that key Identification that pertains to a given Manufacturer and it is one that is only used in the line of business such as manufacturing, distributing, etc., of clothes.

Note that by flowing the steps above, one can make a great fashion brand in the long run.

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7 0
2 years ago
On January 1, Year 1, Stiller Company paid $200,000 to obtain a patent. Stiller expected to use the patent for 5 years before it
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Answer:

a. The amount of amortization expense during Year 3 is $40,000.

b.The book value of the patent as of December 31, Year 3 is $80,000.

Explanation:

For amortization of patient, it is done using which one is shorter between the useful life and legal life.

We therefore use the useful life in this question since it is the one that is shorter to amortize as follows:

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Book value of the patent in year 3 = $200,000 - $120,000 = $80,000

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8 0
3 years ago
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