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
ArbitrLikvidat [17]
3 years ago
11

Edith Engineer travels from city to city to conduct her business. Every other year she buys a used car for about $12,000. The de

aler allows about $8000 as a trade-in allowance, with the result that the saleswoman spends $4000 every other year for a car. Edith keeps accurate records, which show that all other expenses for her car amount to $0.223 per mile for each mile she drives. Edith's employer has two plans by which salespeople are reimbursed for their car. Method
A. She will receive all of her operating expenses, and in addition will receive $2000 each year for the decline in value of the automobile. Method
B. She will receive $0.32 per mile but no operating expenses and no depreciation allowance. If Edith travels 18,000 miles per year, which method of computation gives her the larger reimbursement
Business
2 answers:
Vlada [557]3 years ago
7 0

Answer:

Answer:

Method A

Explanation:

According to the scenario, computation of the given data are as follow:-

Method A - Actual expenses

Total Reimbursement Amount is

= Car Decline Value + Total Miles of Travel × Per Mile Expenses

= $2,000 + 18,000 miles × $0.223 per mile

= $2,000 + $4,014

= $6,014

Method B - standard Mileage Rate

Total Reimbursement Amount is

= Total Miles of Travel × Per Mile Receive Amount

=18,000 miles × $0.32 per mile

= $5,760

According to the analysis, Plan (A) gives her the larger reimbursement.

Explanation:

cluponka [151]3 years ago
5 0

Answer:

Method A

Explanation:

According to the scenario, computation of the given data are as follow:-

Method A - Actual expenses

Total Reimbursement Amount is

= Car Decline Value + Total Miles of Travel × Per Mile Expenses

= $2,000 + 18,000 miles × $0.223 per mile

= $2,000 + $4,014

= $6,014

Method B - standard Mileage Rate

Total Reimbursement Amount is

= Total Miles of Travel × Per Mile Receive Amount

=18,000 miles × $0.32 per mile

= $5,760

According to the analysis, Plan (A) gives her the larger reimbursement.

You might be interested in
Dave Seminsky’s ability to open Sumarian Coffee in Shanghai can be attributed to which of the following?A. ethnocentrismB. avail
svetlana [45]

Answer:

E. globalization

Explanation:

-Ethnocentrism refers to judging another culture based on your own culture and considering yours as superior.

-Availability of supplies refers to having access to the products needed for the business.

-Avoidance of tariffs and import quotas refers to not having limitations like  paying taxes on imports or exports or having a maximum quantity of a product that can be imported or exported.

-Lower labor costs refers to low salaries.

-Globalization refers to a process of integration that involves people, governments and companies around the world. When talking about business is about developing an international presence and beginning to operate in other countries.

According to this, Dave Seminsky’s ability to open Sumarian Coffee in Shanghai can be attributed to globalization.

8 0
3 years ago
The process of determining the present value of future cash flows in order to know their worth today is referred to as:______.
RoseWind [281]

Calculating the present value of a cash flow or series of cash flows that will be received in the future is the process of discounting.

A value obtained in the future is converted to an equivalent value received right away through the process of discounting. Discounting determines this relative value, so a dollar received in 50 years may be worth less than a dollar received today. Using the aforementioned method, the discounting process assists an investor in estimating the investment's value in current dollars at the investor's desired rate of return. Due to the opportunity cost of spending money now and the desire to enjoy advantages now rather than in the future, discounting makes current costs and benefits more valuable than those that will occur in the future. A discount factor in financial modeling is a decimal number multiplied by a cash flow value to reduce it to its present value. As the effect of compounding the discount rate accumulates over time, the factor grows (i.e., the decimal value shrinks).

Know more about discounting:

brainly.com/question/15060398

#SPJ4

3 0
1 year ago
G wholesalers who own the merchandise they sell but do not physically handle, stock, or deliver it are referred to as __________
Murljashka [212]
Merchants is the answer to the question.
5 0
3 years ago
Fido wants to buy a new car. He will need to get a car loan. Fido decides to wait for a few months until his credit history impr
Rom4ik [11]

your answer is: Fido's decision is sensible because the cost of the car loan should be less if his credit history improves.


4 0
3 years ago
Read 2 more answers
2. What are the importance of vocation and business?​
Alik [6]

Answer:

A major part of your life is your vocation. This is your career or even your business. Fulfillment in your vocation can contribute to leading a satisfying and successful life. Factors involved in having a satisfying vocation are that you should have a purpose, help others and be concerned about future generations

5 0
2 years ago
Other questions:
  • Zippy had cash inflows from operations $60,500; cash outflows from investing activities of $47,000; and cash inflows from financ
    8·1 answer
  • Maria's initial project budget was increased from 16,000 to 18,000 . What was the variance from the initial budget
    15·1 answer
  • Vacation Pay and Pension Benefits Regling Company provides its employees vacation benefits and a defined benefit pension plan. E
    11·1 answer
  • Donaldson's purchased some property for $1.2 million, paid 25 percent down in cash, and financed the balance for 12 years at 7.2
    5·1 answer
  • What percent of all businesses in the United States are corporations, and they account for 80% of the total business dollars gen
    15·1 answer
  • Watson Company has monthly fixed costs of $75,000 and a 40% contribution margin ratio. If the company has set a target monthly i
    7·1 answer
  • Although Tracith is one of the best supermarkets in the coastal town of Dawntonia, it fails to retain customers. To solve this p
    11·1 answer
  • An initial investment amount​ P, an annual interest rate​ r, and a time t are given. Find the future value of the investment whe
    9·1 answer
  • While many traditional measures of success revolve around the firm's financial performance, it is also important to gauge the sa
    5·1 answer
  • How has apple inc mission and vision statement helped the company?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!