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
ladessa [460]
3 years ago
9

You are trying to decide which of two automobiles to buy. The first is American-made, costs $3.0500 x 104, and travels 28.0 mile

s/gallon of fuel. The second is European-made, costs $4.9100 x 104, and travels 19.0 km/liter of fuel. If fuel costs $3.00/gallon, and other maintenance costs for the two vehicles are identical, how many miles must each vehicle travel in its lifetime for the total costs (puchase cost fuel cost) to be equivalent
Business
1 answer:
siniylev [52]3 years ago
5 0

Answer:

Both cars(American and European) must travel 8,060 kilo metres each during their lifetime for the total cost(purchase cost + fuel equivalent) to be equivalent

Explanation:

With regards to the above, the cost equation for both cars will be equated together.

Furthermore, we will convert gallons into litres while also converting miles into kilometers.

Since 1 gallon has 3.785 litres; 1 mile also has 1.609 kilo metre, hence milage of the first car in kilo metre per litre would be ;

Milage American made = [ 28 miles × 1.609 ] / 3.785

= 11.90 kilo meter per litres.

Cost of Gas per litre = $3 per gallon / 3.785

= 0.79 per litre

Gas cost per kilo metre(American made) = 0.79 per litre / 11.90

= 0.066 per km

Gas cost per kilo metre(European made) = 0.79 per litre / 19.0

= 0.042 per km

We can sum up the equation of first car which is American made( Purchase price + Fuel cost)

We can make a be the number of kilo metres where total cost for both cars would be equal.

Total cost = 317.2 + 0.066a

Also, the total cost equation - purchase price + fuel cost of European car is represented as;

Total cost = 510.64 + 0.042a

317.2 + 0.066a = 510.64 + 0.042a

Collect like terms

0.066a - 0.042a = 510.64 - 317.2

0.024a = 193.44

a = 8,060 kilo metres

Therefore, both cars(American and European) must travel each 8,060 kilo metres in their life time for the total costs( purchase cost + fuel cost) to be equivalent.

You might be interested in
Your car needs a new engine and it cost $1,000. you currently have $600 to invest at 7% compound annually, how long will you hav
sergejj [24]
Amount = Principal ( 1 + interest rate) ^ years

$1000 = $600 ( 1 + .07 ) ^ years

$1000 / $600 = 1.07 ^ years

1.66667 = 1.07 ^ years

years = 8


4 0
3 years ago
A ____ consist of the actions a person is expected to perform in a group.
Charra [1.4K]
B. A persons Role is the actions they are expected to perform
7 0
3 years ago
Grameen Bank extends credit to the very poor to give them the opportunity to build better lives. Other businesses target poor pe
Dvinal [7]

Explanation:

Grameen bank is one of the pioneers in the world of Micro Finance Institutes, which not only provides the poor with access to financial capital but also helps them build a better business which allows them to escape from the poverty cycle. This lead to an overall upward economic movement in the society, improving the economic condition of a country as a whole. Through these micro finance loans, a number of SMEs (Small and Medium Enterprises) emerges which further provide employment opportunities to other people thus starting a virtuous cycle of economic growth.

As the economic condition of the poor becomes better, these poor people inturn becomes customer for these business for other products thus being a huge source of profit.

8 0
3 years ago
In a credit application, besides one's capacity to pay, creditors also consider which of the following?
DochEvi [55]

Answer:

The lenders use a system of five Cs to know about the creditworthiness of potential borrowers. They weigh five characteristics of the borrower and various conditions of the loan, chances of default and risk of loss. The five Cs used by the lender are capacity, character, collateral, capacity and conditions.

  • The first C is character, it can be known by the previous loans of the applicant.
  • Debt to income ratio is the second C.
  • The third C is capital, it is the amount of money possessed by an applicant.
  • Collateral is the fourth C, it is the asset that can be used to back the loan.
  • The fifth C is conditions, the amount of the loan, its purpose and the prevailing interest rate in the market are known as conditions.
4 0
3 years ago
gross domestic product understates the total production of final goods and services because of the omission of
Aleks04 [339]

90% sure that your answer is <em>(household production) </em>

<em></em>

<em>Hope this helps!</em>

5 0
3 years ago
Other questions:
  • An october sales forecast projects 7,000 units are going to be sold at a price of $11.50 per unit. the desired ending inventory
    9·1 answer
  • Measures to ensure environmental sustainability
    10·1 answer
  • A manager wants to motivate the maintenance staff to be more productive. She starts by providing training and assures employees
    11·1 answer
  • What are 6 major forms of direct marketing?
    9·1 answer
  • ​ziff corp., a computer cabinet manufacturer, recently employed a new supply chain management system, which has never been used
    8·1 answer
  • Generally Accepted Accounting Principles (GAAP) are not routinely used in health care organizations. Group of answer choices Tru
    14·1 answer
  • Briefly describe at least one additional test you could perform to gain evidence as to whether or not the cash account is materi
    5·1 answer
  • Knowledge Check 03 During January, Dream House Builders, Inc. incurred $550 of actual indirect materials costs, as supported by
    12·1 answer
  • What was the main goal of the Farmers’ Alliance?
    10·1 answer
  • 2 (03.01 LC)<br> An unsecured loan (10 points)
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!