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rewona [7]
4 years ago
14

Kristen Lu purchased a used automobile for $10,100 at the beginning of last year and incurred the following operating costs: Dep

reciation ($10,100 ÷ 5 years) $ 2,020 Insurance $ 1,100 Garage rent $ 600 Automobile tax and license $ 280 Variable operating cost $ 0.14 per mile The variable operating cost consists of gasoline, oil, tires, maintenance, and repairs. Kristen estimates that, at her current rate of usage, the car will have zero resale value in five years, so the annual straight-line depreciation is $2,020. The car is kept in a garage for a monthly fee. Required: 1. Kristen drove the car 10,000 miles last year. Compute the average cost per mile of owning and operating the car. (Round your answers to 2 decimal places.) 2. Kristen is unsure about whether she should use her own car or rent a car to go on an extended cross-country trip for two weeks during spring break. What costs above are relevant in this decision? Assume that there is no decrease in the resale value of the car due to its use. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Variable operating costs Depreciation Automobile tax License costs Insurance costs
Business
1 answer:
densk [106]4 years ago
3 0

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Kristen Lu purchased a used automobile for $10,100 at the beginning of last year and incurred the following operating costs: Depreciation ($10,100 ÷ 5 years) $ 2,020 Insurance $ 1,100 Garage rent $ 600 Automobile tax and license $ 280 Variable operating cost $ 0.14 per mile

1) 10,000 miles

Insurance= 1,100

Garage= 600

Tax= 280

Variable costs= 0.14*10,000= 1,400

Total= $3,380

Cost per mile= 3380/10000= $0.338

2) The only relevant cost is the variable operating cost per mile. The other costs will exist whether she uses the car or not.

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You were recently promoted to the head of the machine shop. As you start to look around, you notice that there are many machines
galina1969 [7]

Answer:

Here we can use a approach which is know as 5 S PLUS 1 S.

Explanation:

This approach of 5 S PLUS 1 S means sort, set in order, shine, standardize,sustain and safety, this is a very common method that corporations uses to increase both their efficiency and productivity with decreasing the wastage of materials.

In this organization workplace method, we start with sorting out all the unnecessary material that we don't need  and then we start organizing the workplace, as it is important to keep all the inventories and other useful materials or tools properly and then comes the step of keeping useful stuff tidier and would help in maintaining a certain level of standard in the production and by keeping doing all these things an organization can maintain sustainability and keep the company free from any hazards.

7 0
3 years ago
Wenjing purchases a bond for $2,000 with 12 remaining $40 quarterly coupon payments. The bond broker who sells her the bond reas
egoroff_w [7]

Answer:

Wenjing

The par value that would result in the return the bond broker promises is:

= $1,333.

Explanation:

a) Data and Calculations:

Bond amount paid = $2,000

Quarterly coupon payments = $40

Remaining coupon payments = 12

Bond maturity period = 3 years (12/4)

Promised returns per quarter = 3%

Par value of bond = Quarterly premium/Quarterly returns in percentage = $1,333 ($40/0.03)

Check: 3% of $1,333 = $40

This implies that the bond's annual interest rate = 12% (3% * 4)

8 0
3 years ago
question 2. the article explained that inflation has caused shoppers to decrease their spending on luxury products such as desig
Sindrei [870]

Yes, the term should  "reduction in the quantity required" or "drop in the demand for designer handbags" be used in the event where a decline in consumer spending on designer handbags is the price of designer handbags.

There have been numerous arguments over whether the greater inflation that the United States has witnessed thus far is temporary or sustainable, what that implies for inflation expectations around the world, and how that affects a company's capacity to pass on higher expenses.

As bottom-up investors, we conduct in-depth fundamental analyses of specific businesses and sectors. We don't search for investing ideas based purely on directional or macro bets. Our macro views may be well-informed about the political, economic, or fiscal market dynamics of the nations in which we invest, but we take care to avoid letting them overly impact the portfolio.

Nevertheless, we believe that our international portfolio is well positioned for rising inflation because we favor businesses with real pricing power—businesses that enjoy strong demand for their extremely sought-after products, making them more resistant to sustained global inflation, should that turn out to be the case.

Learn more about investors here

brainly.com/question/14283683

#SPJ4

5 0
1 year ago
Which Sales Channel has been opened to manufacturers because of digital tools?
Aleksandr-060686 [28]

The sales channel that has been opened to manufacturers as a result of digital tools is B2B.

  • Through B2B e-commerce, manufacturers can be able to sell their goods directly to the consumers through online platforms.

  • It should be noted that because we're in a digital era now, consumers can be able to make purchases for products through online sales platforms and the goods will be delivered to the person's address. This is vital for businesses as manufacturers can make more sales and improve their revenue.

In conclusion, the correct option is B.

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brainly.com/question/14513493

3 0
3 years ago
A tax on a good a. raises the price that buyers effectively pay and raises the price that sellers effectively receive. b. raises
AVprozaik [17]

Answer:

b. raises the price that buyers effectively pay and lowers the price that sellers effectively receive.

Explanation:

Tax can be described as a compulsory amount of money levied on individuals or corporations by the government.

If tax is levied on a good ,it increases the price of the good so it effectively increases the amount buyers pay. A proportion of the amount received on the sale of the product is paid to the government, so the amount sellers effectively receive is lower.

I hope my answer helps you

4 0
3 years ago
Read 2 more answers
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