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grigory [225]
3 years ago
5

In a move to provide additional sales for U.S. car manufacturers, the White House announced the purchase of 17,600 new fuel-effi

cient vehicles for the federal fleet. Suppose the new fleet, which includes 2,500 hybrid sedans, will cost $275million. As an accountant in the White House Budget Office (WHBO), you have been asked to calculate the following:Required:a. If each hybrid vehicle will have an average cost of $26,000, what will be the average cost per non-hybrid vehicle? Round to the nearest whole dollar.b. Suppose furthermore, the White House said that by replacing less efficient vehicles, the government will reduce gasoline consumption by 1.9 million gallons per year and prevent 27 million pounds of carbon dioxide from entering the atmosphere. On average, how many gallons of gasoline and how many pounds of carbon dioxide will be "saved" per year per vehicle? Round to the nearest whole gallon and whole pound.
Business
1 answer:
Musya8 [376]3 years ago
6 0

Answer:

a. If each hybrid vehicle will have an average cost of $26,000, what will be the average cost per non-hybrid vehicle?

each hybrid car costs $26,000 x 2,500 = $65,000,000

total cost of non-hybrid cars = $275,000,000 - $65,000,000 = $210,000,000

average cost of non-hybrid car = $210,000,000 / (17,600 - 2,500) = $13,907.28 per non-hybrid car

b. Suppose furthermore, the White House said that by replacing less efficient vehicles, the government will reduce gasoline consumption by 1.9 million gallons per year and prevent 27 million pounds of carbon dioxide from entering the atmosphere. On average, how many gallons of gasoline and how many pounds of carbon dioxide will be "saved" per year per vehicle? Round to the nearest whole gallon and whole pound.

1,900,000 gallons of gasoline saved per year / 17,600 cars = 107.95 ≈ 108 gallons of gasoline saved per car

27,000,000 pounds of carbon dioxide less per year / 17,600 cars = 1,534.09 ≈ 1,534 pounds of carbon dioxide saved per car

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The journal entry for declaring a $9,000 dividend to be paid in the coming month is:

Date                   Account Title                                      Debit          Credit

XX-XX-XXXX    Retained earnings                           $9,000

                          Dividends Payable                                               $9,000

<h3>How is dividend declared recorded?</h3>

The Retained earnings account will be debited to show that the account is decreasing. This is because dividends are taken from the retained earnings of a company.

The dividends payable account will be credited with $9,000 to show that the company now owes its shareholders $9,000. This will then be debited next month to show payment.

In conclusion, retained earnings are debited, and dividends payable are credited.

Find out more on dividends declared at brainly.com/question/25845157

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3 0
1 year ago
Jay, a divisional vice president of a consumer goods manufacturer, gives a presentation to all divisional employees to outline t
Finger [1]

Answer:

downward communication

4 0
2 years ago
What layout strategy deals with low-volume, high-variety production?A) fixed-position layoutB) retail layoutC) warehouse layoutD
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6 0
3 years ago
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The correct option is B

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