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Zepler [3.9K]
3 years ago
12

To rent a car for one week, a car rental company charges a $200 base price as well as $0.45 per mile. Jennifer will rent a vehic

le at this company, but she has a $275 budget. What is a possible number of miles that Jennifer can drive without exceeding her budget?
Business
1 answer:
Orlov [11]3 years ago
8 0

Answer:

166mile

Explanation:

Given that:

Base price is $200

Mileage price = $0.45 per mile

Jennifer will rent a vehicle at this company, but she has a $275 budget.

Hence the possible number of miles that Jennifer can drive without exceeding her budget :

She will have to make a deposit of $200 which is the base price

($275 - $200) = $75

Now that she is left with $75

Recall,

1 mile = $0.45

X mile = $75

$75 × 1 mile = X mile × $0.45

X mile = 75/0.45

X mile = 166.666

Hence the maximum miles she will have to cover without incurring extra charges will be 166mile

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Zippy had cash inflows from operations $60,500; cash outflows from investing activities of $47,000; and cash inflows from financ
ehidna [41]

The net change in cash formula can be this easy:

Add the two cash inflows and subtract the cash outflows.

So In here we have;

Cash inflows from operations = $60,500

Cash inflows from financing = $25,000

Cash outflows from investing activities = $47,000

$60,500 + $25,000 - $47,000 = $38,500


The net change in cash was $38,500

3 0
3 years ago
Glover Corporation issued $2,000,000 of 7.5%, 6-year bonds dated March 1, with semiannual interest payments on September 1 and M
Stels [109]

Answer: This could be explained as below :-

Explanation:

A. Bonds were issued for $97 with par value of $100, hence they were issued on discount.

B. Market rate was higher, as company issued bonds on discount.

C. Amortization = $2,000,000 * 7.5% * 10/12 = $125,000

    Discount = $60,000/6 * 10/12 = $8,333

    Total interest expense = $125,000 + $8,333 = $133,333

D. Carrying value = $2,000,000 - $51,667 ($60,000 - $8,333) =$1,948,333

5 0
4 years ago
Trade company accepted a credit card with a fee for services rendered. this event affects trade company's ______.
maw [93]

Trade company accepted a credit card with a fee for services rendered. this event affects trade company's<u> </u><u>income</u><u> statement, statement of changes in stockholders equity, </u><u>balance </u><u>sheet.</u>

<h3>Income statement</h3>

The event tend to affect income statement because both  service revenue as well as  credit card expense appear on the income statement.

The event tend to affect statement of changes in stockholders equity because net income is affected by the income and expenditure and it will affect balance sheet because accounts receivable appears on the balance sheet.

Therefore Trade company accepted a credit card with a fee for services rendered. this event affects trade company's<u> </u><u>income</u><u> statement, statement of changes in stockholders equity, </u><u>balance </u><u>sheet.</u>

Learn more about income statement here:brainly.com/question/24498019

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5 0
2 years ago
Ashock has been brought in as a consultant for a large organization. He is tasked with identifying the goals, policies, and acti
xenn [34]

Answer: Strategic management

Explanation:

 The strategic management is one of the business strategy that helps in manage the competitive environment and also analyzing all the internal functions in an organization.

The importance of the strategic management is that it helps in evaluating the policies and also helps in identify the organizational goals.

According to the given question, the Ashock is one of the consultant in an organization and he implementing the strategic management for managing all the given functions.    

 Therefore, Strategic management is the correct answer.

3 0
3 years ago
At the beginning of the month, the forming department of martin manufacturing had 10,000 units in inventory, 30% complete as to
bonufazy [111]

Answer:

Equivalent units for materials are  68,400 units

Equivalent units for conversion are  66,800 units

Explanation:

Eighted average costing adds the value of beginning invventory in the period cost to calculate the average cost per unit.

According to this method the equivalent units formula is as follow

Equivalent Units  = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage

Material

Equivalent Units  = 62,000 + 8,000 x 80% = 68,400 units

Conversion

Equivalent Units  = 62,000 + 8,000 x 60% = 66,800 units

6 0
3 years ago
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