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
kati45 [8]
3 years ago
11

Maria is going to rent a truck for one day. There are two companies she can choose from, and they have the following prices. Com

pany A charges an initial fee of $55 and an additional 90 cents for every mile driven. Company B charges an initial fee of $90 and an additional 40 cents for every mile driven. For what mileages will Company A charge less than Company B?
Business
1 answer:
Darya [45]3 years ago
8 0

Answer:

for mileage less than 70 miles Company A will charge less than Company B

Explanation:

Data provided in the question:

initial fee of Company A = $55

additional cents for every mile driven for company A = 90 = $0.90

initial fee of Company B = $90

additional cents for every mile driven for company B = 40 = $0.40

let the minimum miles for which Company A charge less than Company B be 'x' miles

Now,

The Total rent function for company A

= Initial fees + charges for total miles driven

= $55 + $0.90x  .....................(1)

and,

The Total rent function for company B

= Initial fees + charges for total miles driven

= $90 + $0.40x     ................(2)

for the condition Company A charge less than Company B

equation 1 < equation 2

or

$55 + $0.90x < $90 + $0.40x

or

$0.90x - $0.40x < $90 - $55

or

$0.50x < $35

or

x < 70 miles

hence,

for mileage less than 70 miles Company A will charge less than Company B

You might be interested in
During November, TaskMaster purchased 208,000 pounds of direct materials at a total cost of $436,800. The total factory wages fo
aniked [119]

Answer:

See below

Explanation:

Given the above information,

Direct material price variance is computed as;

= (Actual price - Standard price) × Actual quantity

Actual price = $436,800/208,000

Standard price = $436,800/182,000

Actual quantity = 208,000

Direct material price variance

=[ ($436,800 / 208,000) - ($436,800 / 182,000 ] × 208,000

= ($2.1 - $2.4) × 208,000

= $62,400 unfavourable

8 0
3 years ago
Johnson Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a
Nikitich [7]

Answer:

$12,900

Explanation:

Calculation for the amount of accounts receivable written off during the year

Beginning Balance $5,600

Add Bad debt expense $12,000

(2% x $600,000)

Less End-of-year balance ($4,700)

Accounts receivable written off $12,900

($5,600+$12,000+$4,700)

Therefore the amount of accounts receivable written off during the year will be $12,900

8 0
3 years ago
A bond that has a face value of $150 maturing in one year is available for purchase for $134 . What is the interest rate offered
Norma-Jean [14]

The interest rate offered on the bond is 11.94%.

<h3>What is the interest rate on the bond?</h3>

The interest rate of the bond can be determined by calculating the yield to maturity of the bond. The yield to maturity is the interest rate that equates the price of the bond to the future value of the bond.

The yield to maturity can be determined using a financial calculator:

  • Cash flow in year 0 = $-134
  • Cash flow in year 1 = $150

YTM = 11.94%

To learn more about yield to maturity, please check: brainly.com/question/26376004

8 0
2 years ago
Walgreens Boots Alliance’s Sales, Cost of Goods Sold, and Gross Profit
zhuklara [117]

Answer:

a. 26%

b. 28.2%

Explanation:

Consider the following formula:

Gross profit ratio = Net sales - Cost of sales / Net sales

Walgreen's 2015 gross profit ratio: (103444-76520)/103444

26.0%

Walgreen's 2014 gross profit ratio: (76392-54823)/76392

28.2%

6 0
3 years ago
Granny Gums has established a scholarship at the Martin College of Dentistry. She will make deposits into an endowment account t
OleMash [197]

Answer:

<u>Scholarship Amount would be $45.68</u>

Explanation:

Deposits into an endowment account that pays 12% per year

Year 0 Deposit $100

Year 1 Deposit $90

Year 2 Deposit $80

Year 3 Deposit $70

Year 4 Deposit $60

Year 5 Deposit $50

Year 6 Deposit $40  

First find the present worth of the gradient deposits.  

P = 100 + 90(P/A, 12%, 6) - 10(P/G, 12%, 6) = $380.69  

A = 380.69 (0.12)

A= $45.68

3 0
3 years ago
Other questions:
  • Aptitudes and skills are the same thing.<br><br> True<br> False
    10·2 answers
  • Marketing is non-paid promotional communication presented by the media True False
    9·1 answer
  • A champion is a project manager, who may be a departmental line manager or staff unit manager, and has expertise in project mana
    13·1 answer
  • The economy of Suielevia is under severe financial distress. Over the last few months, the economy has gradually picked up and t
    14·1 answer
  • A company is going to issue a $1,000 par value bond that pays a 5% annual coupon. The company expects investors to pay $684.5 fo
    14·1 answer
  • How much can Jeff claim as an itemized deduction for taxes paid if he paid the following in 2019: (state income tax withheld of
    13·1 answer
  • The business department of State Community College is increasing its online course offerings. Its objectives are uniformity of q
    15·1 answer
  • Mopsun, a garment store, sells customized hoodies at $7 per unit. The total fixed costs add up to $8,000 per year, and the varia
    7·1 answer
  • Based on past experience, Maas Corp. (a U.S.-based company) expects to purchase raw materials from a foreign supplier at a cost
    13·1 answer
  • What is meant by pie - chart? Discuss the process of its formation??<br>​
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!