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
rewona [7]
3 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]3 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.

You might be interested in
Merck & Co., Inc. is a global, research-driven pharmaceutical company that discovers, develops, manufactures, and markets a
Ugo [173]

Find the given attachment

3 0
3 years ago
How much time will be needed for 35,000 to grow to 44,622.09 if deposited at 7% compounded quarterly
Vlad [161]

Answer:

It will take 14 quarters (3.5 years) to reach $44,622.09 from $35,000 at an interest rate of 7% compounded quarterly.

Explanation:

Giving the following information:

PV= 35,000

FV= 44,622.09

i= 0.07/4= 0.0175

We need to calculate the number of quarters required to reach the objective. We will use the following formula:

n= ln(FV/PV) / ln(1+i)

n= ln(44,622.09/35,000) / ln(1.0175)

n= 14

It will take 14 quarters (3.5 years) to reach $44,622.09 from $35,000 at an interest rate of 7% compounded quarterly.

8 0
3 years ago
Select the four common tools managers use to analyze competitive intelligence and develop competitive advantages. SWOT Analysis
iragen [17]

Answer:

Competitive Advantage refers to those attributes which makes a company's products stand out in the market against those of it's competitors and helps it gain a competitive edge.

Managers usually use the following four tools to analyze competitive intelligence to develop competitive advantages:

  1. Michael Porter's generic strategies
  2. Michael Porter's five forces model
  3. Value Chain analysis which aims to identify the value added at each level of production and assign extra importance to those stages which contribute immensely to a product's value.
  4. SWOT Analysis which is strengths weaknesses opportunities and threats. To maximize strengths, identify and limit weaknesses, sense and grab opportunities and minimize or avoid threats.

3 0
2 years ago
The unique symbols, personalities, and philosophies that support all corporate activities including strategic planning and marke
anzhelika [568]

Answer:

a) Corporate identify

Explanation:

Corporate identity is related to a set of duties of an organization that differs from others. It's the corporate culture, values, goals, plans and strategies, it's the raison d'être of any company, regardless of its size or area of ​​expertise. Through corporate identity it is possible for stakeholders to identify the company, recognize its posture and values ​​in the market. It is important that the corporate identity is well established and spread by all sectors and employees, because through it, the company proves its relevance, reputation and differentiation in the market.

6 0
3 years ago
Castor, Inc., is preparing its master budget for the quarter ended June 30. Budgeted sales and cash payments for merchandise for
kobusy [5.1K]

Answer:

Castor, Inc.

Cash Budget for the quarter ended June 30,

                                                  April           May           June

Beginning cash balance         $13,500   $16,165      $31,795

Cash collection  (25%)             13,500       7,625        10,375

Cash collection (75%)             22,875       31,125         19,125

Total cash receipts               $49,875    $54,915     $61,295

Cash payments for goods      23,200     15,300        15,700

Sales commission (5% sales)    1,525       2,075          1,275

Shipping cost (3% sales)              915        1,245            765

Office salaries                          4,500       4,500         4,500

Cash Disbursements           $30,140    $23,120    $22,240

Loans Payable (Repayment)  -3,570

Cash balance                       $16,165     $31,795    $39,055

Explanation:

A cash budget is a tool used by a company's management to forecast of the cash receipts and cash disbursements for a future period of time.  It is an important financial management tool that can be used to decide when to borrow cash to meet shortages and when to invest excess cash to generate income.  Through its preparation, management avoids liquidity problems which can ruin a business.

3 0
3 years ago
Other questions:
  • The 2012 box office receipts for the movie The Avengers were $1,515.8 million. By way of comparison, the 1977 receipts for Star
    7·1 answer
  • All else equal, a firm would prefer to have a higher gross margin. <br> a. True <br> b. False
    12·1 answer
  • A member of the park service believes the average number of cacti per square km in tucson, az in the year 2001 is less than the
    14·1 answer
  • What would be two things you may want to use installment credit for in the future?
    7·1 answer
  • Which of the following conflict management methods is expressed as "We should express our concerns about the conflict and sugges
    13·1 answer
  • Trio company reports the following information for the current year, which is its first year of operation
    5·1 answer
  • List four natural resources that you think would go into the production of the following products
    15·1 answer
  • DS Unlimited has the following transactions during August.
    14·1 answer
  • Based on his investment advisor's guidance, Christopher sold two stocks during 2020. The capital gain on the sale of Magnificent
    11·1 answer
  • an important feature of supply chain management is its application of sophisticated information technology that allows companies
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!