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2 years ago

Which of the following is NOT a cost typically associated with owning a car?

1 answer:

8 0

<span>The correct answer to this question would be C.) Wear and Tear fees. Unless you lease a car (and when you lease it you don't own it) nobody is going to charge you for wear and tear on the vehicle. That's what maintenance will correct. Fuel and insurance are the first things people think of when it comes to having a car. Without insurance you can't register it, and without fuel you can't go anywhere.</span>

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Larry Simmons has split-limit 150/225/110 automobile liability insurance. Several months ago Larry was in an accident in whic

goblinko [34]

Answer:

Larry's insurance policy cover = $729,000

Amount pay by Larry = $243,000

Explanation:

Given:

Number of insurance = 3

Each injured person awarded = $243,000

Find:

Larry's insurance policy cover

Amount pay by Larry

Computation:

Larry's insurance policy cover = Number of insurance × Each injured person awarded

Larry's insurance policy cover = $243,000 × 3

Larry's insurance policy cover = $729,000

Amount pay by Larry = $243,000 (For fourth person)

3 0

3 years ago

If a company is given credit terms of 2/10, n/30, it should________.

diamong [38]

Answer:

(A) pay within the discount period and recognize a savings.

Explanation:

The given credit terms of 2/10, n/30 means

If the payment is paid within 10 days so 2% discount is given and the total credit period given is 30 days

Suppose we take an example

A buys the merchandise of goods from B for $10,000 on April 1. The payment is doe by A on April 7

So, the net payment is

= $10,000 - $10,000 × 2%

= $10,000 - $200

= $9,800

The $200 shows the discount which A avails and termed as a savings

6 0

2 years ago

A publisher reports that 64% of their readers own a laptop. A marketing executive wants to test the claim that the percentage is

Virty [35]

Answer:

I don't no the answer sorry

3 0

3 years ago

Department F had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $13,400. Of

Rufina [12.5K]

Answer:

a.$3.35

Explanation:

The first step in determining conversion cost per unit is to calculate the Total Equivalent units of production for Conversion Costs.

Conversion Costs

Units Completed and transferred (15,000 × 100%) = 15,000

Units in Ending Work In Process (3,000 × 75%) = 2,250

Total Equivalent units of production = 17,250

The next step is to determine the total conversion cost of production incurred during the period.

Conversion Costs

Conversion Costs in Beginning Work In Process $4,800

Conversion Costs added during the period ($33,000 + $20,000) $53,000

Total Conversion Costs $57,800

Finally calculate the conversion cost per unit

Conversion cost per unit = Total Conversion Costs / Total Equivalent units of production

= $57,800 / 17,250

= $3.35 (to the nearest cent)

4 0

3 years ago

Lawn Chopper Company sells two types of lawn mowers. The first one is a basic lawn mower, which has variable costs of $50 and se

Temka [501]

Answer:

See below

Explanation:

Breakven even point is computed as

= Fixed costs / ( Sales price per unit - Variable costs per unit)

For basic lawn mower, Given that;

Fixed cost = $5,000,000

Sales price per unit = $150

Variable costs per unit = $50

BEP = $500,000 / ($150 - $50)

BEP = $500,000 / $100

BEP = 5,000 units

For Riding tractor, given that;

Fixed costs = $500,000

Sales price per unit = $1,500

Variable cost per unit = $500

BEP = $500,000 / ($1,500 - $500)

BEP = $500,000 / $1,000

BEP = 500 units

It therefore means that 5,000 units of basic Lawn mower must be sold to break even, while 500 units of riding tractor must be sold to break even.

7 0

2 years ago