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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.

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How is health insurance different from auto insurance?
Bess [88]

While both types of insurance are required, if you do not have health insurance, you will be required to pay a fee on your taxes.

FYI, while this used to be true the United States has recently removed the requirement known as the "individual mandate" for people to have health insurance or face a penalty.

6 0
3 years ago
Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of u
AVprozaik [17]

Answer:

Option (b) is correct.

Explanation:

Given that,

Total Overhead Cost = $477,000

Number of Units of Product XY = 72,000

Number of Units of Product M = 108,000

Total overhead allocated to Product XY using the current system:

= (Total Overhead Cost ÷ Number of units produced in total) × Number of Units of Product XY

= ($477,000 ÷ 180,000) × 72,000

= $2.65 × 72,000

= $190,800

5 0
3 years ago
what percentage of loss would a seller in deerfield beach have if he paid $18,000 for a vacant lot, built a home on the lot that
den301095 [7]

Add the cost of the lot and the cost of the house together to get the total cost ($163,000). Next, subtract the sales price from the total cost to get the amount of loss ($10,000) he took. Finally, divide the total cost by the loss amount ($10,000 ÷ $163,000).

The definition of cost is to be valued at something or to lose. A loaf of bread costing $3 is an example of a cost. Giving up your freedom in order to grant freedom to another person is an illustration of the cost.

A company's cost is the amount of money it had to spend to create its goods or services. It is calculated as the sum that the business spends to create a specific number of a product. Simply put, it is the cash that a business spends on things like labour, services, raw materials, and other costs.

Learn more about cost here:

brainly.com/question/15135554

#SPJ4

3 0
2 years ago
Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years because t
dimulka [17.4K]

Answer:

$51.25

Explanation:

P9 = Next dividend / Required rate r - Growth rate g

P9 = $15 / 14% - 5%

P9 = $15 / 9%

P9 = $166.67

Po = P9 / (1 - Required rate of return)^9

Po = $166.67 / (1 + 0.14)^9

Po = $166.67 / 3.2519

Po = $51.25

So, the current stock price is $51.25.

8 0
3 years ago
An investor is given the two investment alternatives (Assets A and B) with the following characteristics: Asset Expected Return
kow [346]

Answer:

12.00%

Explanation:

As per the given question the solution of standard deviation of a portfolio is provided below:-

Standard deviation of a portfolio = √(Standard deviation of Product 1)^2 × (Weight 1)^2 + Standard deviation of Product 2)^2 × (Weight 2)^2 + 2 × Standard deviation of product 1 × Standard deviation of product 2 × Weight 1 × Weight 2 × Correlation

= √(0.165^2 × 0.6^2) + (0.068^2 × 0.4^2) + (2 × 0.6 × 0.4 × 0.165 × 0.068 × 0.7)

= √0.009801  + 0.0007398  + 0.00376992

= √0.01431076

= 0.119628592

or

= 12.00%

So, we have calculated the standard deviation of a portfolio by using the above formula.

3 0
3 years ago
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