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
RSB [31]
3 years ago
13

The speed of your automobile has a huge effect on fuel consumption. Traveling at 65 miles per hour​ (mph) instead of 55 mph can

consume almost​ 20% more fuel. As a general​ rule, for every mile per hour over​ 55, you lose​ 2% in fuel economy. For​ example, if your automobile gets 30 miles per gallon at 55​ mph, the fuel consumption is 21 miles per gallon at 70 mph. If you take a 400-mile trip and your average speed is 80 mph rather the posted speed limit of 70 mph, what is the extra cost of fuel if gasoline costs $ 3.00 per gallon?
Business
1 answer:
denis23 [38]3 years ago
7 0

Answer:

The extra cost of gasoline is $16.65

Explanation:

Let’s write the complete question;

The speed of your automobile has a huge effect on fuel consumption. Traveling at 65 miles per hour (mph) instead of 55 mph can consume almost 20% more fuel. As a general rule, for every mile per hour over 55, you lose 2% in fuel economy. For example, if your automobile gets 30 miles per gallon at 55 mph, the fuel consumption is 21 miles per gallon at 70 mph.

If you take a 400-mile trip and your average speed is 80 mph rather the posted speed limit of 70 mph, what is the extra cost of fuel if gasoline costs $ 3.00 per gallon? your car gets 30 miles per gallon (mpg) at 60 mph.

solution;

In this question, we are to calculate the extra cost of gasoline resulting from exceeding the supposed speed limit on a trip by a car given the cost of gasoline.

We proceed as follows;

Driving the speed limit:

Speed: 70 miles per hour (mph)

Fuel efficiency: 30 * [1-(70-60)*(2%)]= 30* 0.8 =24 mpg

Fuel amout for you 400-mile trip: 400/24= 16.67 gallon

Cost of fuel: 16.67 * $3= $50.01

Cost of time: 400/70 = 5.71 hrs

Exceeding the speed limit:

Speed: 80 miles per hour (mph)

Fuel efficiency: 30 *[1- (80-60)*(2%) ]= 30* 0.6 =18 mpg

Fuel amout for you 400-mile trip: 400/18= 22.22 gallon

Cost of fuel: 22.22 * $3= $66.66

Now to find the extra cost of fuel, we simply subtract the cost of fuel while exceeding the speed limit from the cost of fuel while driving within the speed limit.

That would be $66.66 - $50.01 = $16.65

You might be interested in
In accounting What is revenue
mylen [45]
Fess earned from providing services and the aumounts of merhandise sold. hope this is the right awser and I love to help you anytime
8 0
3 years ago
Read 2 more answers
Future Value of Annuity. Twins Jessica andJoshua, both 25, graduated from college andbegan working in the family restaurant busi
pav-90 [236]

Answer:

Jessica will have $611,816.70 at retirement.

Explanation:

a) Data and Calculations:

Jessica:

Annual contribution in IRA for 10 years = $2,000

Retirement age = 65 years

Interest rate per year = 10%

Annuity value for investing $2,000 annually is $35,062.33

FV (Future Value) $35,062.33

PV (Present Value) $13,518.05

N (Number of Periods) 10.000

I/Y (Interest Rate) 10.000%

PMT (Periodic Payment) $2,000.00

Starting Investment $0.00

Total Principal $20,000.00

Total Interest $15,062.33

Amount received after investing $35,062.33 for 30 years.

Using an online finance calculator:

FV (Future Value) $611,816.70

PV (Present Value) $35,062.33

N (Number of Periods) 30.000

I/Y (Interest Rate) 10.000%

PMT (Periodic Payment) $0.00

Starting Investment $35,062.33

Total Principal $35,062.33

Total Interest $576,754.37

7 0
2 years ago
Which of the following would be classified as a short-run decision? A restaurant's decision to increase the number of patrons it
podryga [215]

Answer:

A university's decision to add a new residence hall. A trucking firm's decision to move to a smaller facility.

Explanation:

Short run decision affects variable factor only. Adding a new facility is a long run decision. Hence a firm's decision to decrease the amount of electricity used in day-to-day operations by encouraging employees to adopt conservation strategies is a short run decision.

Hence, the correct answer would be:

A university's decision to add a new residence hall. A trucking firm's decision to move to a smaller facility.

4 0
3 years ago
If a good is normal, then an increase in income will result in a(n) a. increase in the demand for the good. b. decrease in the d
andrew11 [14]

Answer:

a. increase in the demand for the good.

Explanation:

As we know that

In the case of normal goods, there is a positive relationship between the income and the quantity demand. If the income rises, the quantity demand is also rising and vice versa

But in the case of inferior goods, it shows an inverse relationship between the income and the quantity demand. If the income rises, the quantity demand is falling and vice versa

8 0
3 years ago
Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales $ 6,620 Cost of goods sold 4,240 Depreciation 355 Earnings before
Mademuasel [1]

Answer:

1.59 times

Explanation:

Average total assets = Beginning total assets + Ending Total assets / 2

Average total assets = 6,470 + 6,705 / 2

Average total assets =  $6,587.5

Beginning Total equity = Common stock + Retained earnings

Beginning Total equity =  $3,240 + $3,080

Beginning Total equity = $6,320

Ending Total equity = Common stock + Retained earnings

Ending Total equity= $880 + $1,130  

Ending Total equity = $2,010

Average total equity = Beginning Total equity + Ending Total equity / 2

Average total equity = $6,320 + $2,010 / 2

Average total equity = $4,165

Equity multiplier for 2017 =  Average total assets / Average total equity

Equity multiplier for 2017 = $6,587.5 / $4,165  

Equity multiplier for 2017 =  1.581632653061224

Equity multiplier for 2017 =  1.5816 times

7 0
3 years ago
Other questions:
  • The residents of Vegopia spend all of their income on cauliflower, broccoli, and carrots. In 2016, they spend a total of $250 fo
    8·1 answer
  • Jason is the marketing head at his company. He was working on the promotion of a new product. He had included the print media in
    13·2 answers
  • Allyson Ashley makes jet skis. During the year, Allyson manufactured 90,000 jet skis. Finished goods inventory had the following
    7·1 answer
  • University Company produces collegiate apparel. From its accounting records, it prepares the following schedule and financial st
    6·1 answer
  • Hickock Mining is evaluating when to open a gold mine. The mine has 39,200 ounces of gold left that can be mined, and mining ope
    10·1 answer
  • In the context of stragetic planning the streagtic goals of an orgainzation represent concrete benchmarks that managers can use
    11·1 answer
  • Hardware failure is the least likely of threats to one's data. <br><br> a. True <br><br> b. False
    7·1 answer
  • Melody has worked as a secretary at Consolidated Freight Handling for 10 years. Although she earns a good salary and has made fr
    5·1 answer
  • What are the essential skills of management​
    15·2 answers
  • The federal funds rate is typically ________ the primary credit lending rate. a. greater than b. equal to c. less than d. None o
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!