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melomori [17]
3 years ago
11

​John's 8minusyearminusold Chevrolet Trail Blazer requires repairs estimated at $ 8 comma 000 to make it road worthy again. His​

wife, Sherry, suggested that he should buy a 5minusyearminusold used Jeep Grand Cherokee instead for $ 8 comma 000 cash. Sherry estimated the following costs for the two​ cars: Trail Blazer Grand Cherokee Acquisition cost $ 25 comma 000 $ 8 comma 000 Repairs $ 8 comma 000 long dash Annual operating costs ​ (Gas, maintenance,​ insurance) $ 2 comma 680 $ 1 comma 800 What should John​ do? What are his savings in the first​ year?
Business
1 answer:
Setler [38]3 years ago
4 0

Answer:

$880

Explanation:

For savings, we have to compute the total operating cost of Trail Blazer and the Grand Cherokee which is shown below:

The Total operating cost of Trail Blazer = Repair +  Annual operating costs ​

= $8,000 + $2,680

= $10,680

And, the Total operating cost of Grand Cherokee would be

= Acquisition cost + annual operating cost

= $8,000 + $1,800

= $9,800

So, the net saving would be

= $10,680 - $9,800

= $880

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“In fact, production theory is much simpler than consumption theory because the output of a production process is generally obse
laila [671]

Answer:

The given statement 'In fact,...observable' conveys the idea that <u>it is comparatively convenient and simple to calculate the amount or quantity of goods that are being produced within a firm, territory, or country to determine the economic worth directly</u>. On the other hand, estimating the amount or quantity of goods consumed by the people across a region or country is difficult and can not be observed directly. However, the latter is given more significance and determined more usually through calculating the expenditure made by the consumers depending on their choices and within their income constraints and these are the primary factors that affect the economic growth or development while the production theory lays emphasis on the maximization of profit.

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3 years ago
Your family's house needs a new roof. in order to find out which roofers are reliable and charge fair prices, your family should
Alchen [17]
Your family should call your local Better Business Bureau. Hope this helps.
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3 years ago
Armstrong industries has a contribution margin of $300,000 and a contribution margin ratio of 30%. how much are total variable c
ozzi
<span> $300,000 / 30% = 1,000,000 - 300,000 = $700,000 </span>
5 0
3 years ago
On January 1, 2021, NRC Credit Corporation leased equipment to Brand Services under a finance/sales-type lease designed to earn
xeze [42]

Answer:

1. Jan. 1, 2021

Dr Right-of-use Asset $417,665

Cr Lease Liability $417,665

Jan. 1, 2021

Dr Lease Liability 61,000

Cr Cash 61,000

Dec. 31, 2021

Dr Lease Liability $25,870

Dr Interest Expense 35, 130

Cr Cash 61,000

Dec. 31, 2021

Dr Amortization Expense $41,230

Cr Right-of-use Asset $41,230

2. Jan. 1, 2021

Dr Lease Receivable $610,000

Cr Sales Revenue $610,000

Jan. 1, 2021

Dr Cash $61,000

Cr Lease Receivable $61,000

Dec. 31, 2021

Dr Cash $61,000

Cr Lease Receivable $61,000

Explanation:

1. Preparation of the appropriate entries for the lessee related to the lease on January 1, 2021 and December 31, 2021.

Jan. 1, 2021

Dr Right-of-use Asset $417,665

Cr Lease Liability $417,665

(To record lease)

Jan. 1, 2021

Dr Lease Liability 61,000

Cr Cash 61,000

(To record lease payment)

Dec. 31, 2021

Dr Lease Liability $25,870

($61,000-35,130)

Dr Interest Expense 35, 130

Cr Cash 61,000

(To record lease payment)

Dec. 31, 2021

Dr Amortization Expense $41,230 (412,300/10)

Cr Right-of-use Asset $41,230

(To record amortization)

2. Preparation of the appropriate entries for the lessor related to the lease on January 1, 2021 and December 31, 2021.

Jan. 1, 2021

Dr Lease Receivable $610,000

Cr Sales Revenue $610,000

($61,000*10)

(To record lease payment)

Jan. 1, 2021

Dr Cash $61,000

Cr Lease Receivable $61,000

(To record cash received)

Dec. 31, 2021

Dr Cash $61,000

Cr Lease Receivable $61,000

(To record cash received)

3 0
3 years ago
Martin had 24 5 pounds of grapes left. which expression shows the pounds of grapes martin has if he doubles his current amount?
nataly862011 [7]

If Martin had 24 5 pounds of grapes left. The expression that shows the pounds of grapes martin has if he doubles his current amount is:  (2) (2) (2) (four-fifths).

<h3>Double amount of grapes</h3>

Given: Current amount of grapes=2 4/5=14/5

Double amount of grapes=2×14/5=28/5

Hence:

2(2)+(2) 4/5

=4+8/5

=28/5

The expression is: (2) (2) (2) (four-fifths) or 2(2)+(2) 4/5.

Therefore If Martin had 24 5 pounds of grapes left. The expression that shows the pounds of grapes martin has if he doubles his current amount is:  (2) (2) (2) (four-fifths).

Learn more about Double amount of grapes here:brainly.com/question/17044886

#SPJ1

7 0
2 years ago
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