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AnnZ [28]
3 years ago
8

Aldo Redondo drives his own car on company business. His employer reimburses him for such travel at the rate of 36 cents per mil

e. Aldo estimates that his fixed costs per year such as taxes, insurance, and depreciation are $2,200. The direct or variable costs such as gas, oil, and maintenance average about 14.4 cents per mile.
How many miles must he drive to break even? (Do not round intermediate calculations. Roundup your answer to the next whole number.)
Business
1 answer:
STALIN [3.7K]3 years ago
3 0

Answer:

10,185 miles

Explanation:

The computation of the break even miles is shown below:

As we know that

Break even units is

= (Fixed cost) ÷ (Selling price per unit - variable cost per unit)

= ($2,200) ÷ (36 cents per mile - 14.4 cents per mie)

= $2,200 ÷ 21.6 cents per mile

= $2,200 ÷ 0.216

= 10,185 miles

We simply applied the above formula so that the break even point in units could come and the same is to be considered

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Answer:

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6 0
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Damian works at ulta. A customer approaches him and mentions they saw an advertisement for a new eyeshadow palette that just cam
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<h3>Personal Selling:</h3>

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6 0
2 years ago
Monopolist can produce at a constant average​ (and marginal) cost of
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3 0
4 years ago
Carla Vista Co. issued $590,000, 10-year, 7% bonds at 101. Prepare the journal entry to record the sale of these bonds on Januar
34kurt

Answer:

cash             595,900 debit

     bonds payable               590,000 credit

     premium on bonds             5,900 credit

Explanation:

We have to record the issuance of the bonds:

<em><u>cash proceeds:</u></em>

face value x quote:

590,000 x 101/100 = 595,900

face value                <u> (590,000)</u>

<em>premium </em>                        5,900

<em>There is a premium as we are receiving more than we are going to pay at maturity.</em>

We will debit the cash proceeds form the bond

and credit the bonds and premium

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3 years ago
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