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3 years ago

When you lease a car, you never have to worry about the number of miles you drive

Business

1 answer:

vivado [14]3 years ago

6 0

Answer:

False

Explanation:

Generally, a lease limits the number of miles allowable to drive in a year, which is between 12,000 and 15,000 miles. Exceeding the lease limit will result in large charges that may be up to several thousands of dollars

Therefore, it is important to be cautious on the amount of driving done when a car is leased and if needed, more miles can be pre-purchased before the lease agreement is signed

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Kiner Co. computed an overhead rate for machining costs $480000 。 5 per machine hour. Machining costs are driven by machine hour

goldenfox [79]

Answer:I think it would be $192000

Explanation:hopefully I am right

6 0

3 years ago

Wixis Cabinets makes custom wooden cabinets for high-end stereo systems from specialty woods. The company uses a job-order costi

iren2701 [21]

Answer:

<u>a. $2,673 over applied</u>

Explanation:

a. Remember, it was mentioned that the company's predetermined overhead rate is $81 per hour of bandsaw use, although the actual hours of bandsaw use 153.

Calculating the results we have $2,673 over applied (actual value= $81*153-$15,066).

b. In preparing an income statement all underapplied overhead would be recorded as a prepaid expense on the balance sheet and then corrected through increasing cost of goods sold at the end of the time period.

6 0

3 years ago

Allie is having three friends over to order pizza and watch a movie that just came out on DVD. She wants to make sure that she i

Lana71 [14]

Hey there,

Allie could look up coupon and discount deals for the pizza. She could ask each of her friends to chip in a small amount of money to help with the costs. Another thing she could do is compare the prices of DVD's from various stores.

4 0

3 years ago

Read 2 more answers

Floors and Fixtures, a home improvement store, is planning to expand and open four new stores, one each year. As a result, it de

IrinaK [193]

Options:

A. Operational

B. Tactical

C. Static

D. Strategic

D. Growth

Answer:D. Growth

Explanation:Growth plans are Activities put in place to enhance that an organisation attains its growth Objectives.

A Growth plan identifies potential opportunities for growth and makes the required resources available in irder to sponsor the potential opportunities.

A growth plan contains business elements which can help the a business Organisation identify the value of customers and how to meet the needs of the customers which will help to enhance the growth of the business through increased revenue.

5 0

3 years ago

Read 2 more answers

Consider the three mutually exclusive alternatives below. Determine which alternative is preferable at an interest rate of 9% pe

laila [671]

Answer:

a. AW, A($) = 79646

b. AW, B ($) = 29,367

c. AW, C ($) = 80738

Explanation:

Solution:

First of let's sort out the data given for all three alternatives:

Alternative A:

Capital Investment = $400,000

Annual Expense = $189,000

Annual Revenue = $309,000

Salvage Value = $65,000

Life = 24 Years

Alternative B:

Capital Investment = $230,000

Annual Expense = $122,500

Annual Revenue = $222,500

Salvage Value = $180,000

Life = 5 Years

Alternative C:

Capital Investment = $150,000

Annual Expense = $134,000

Annual Revenue = $234,000

Salvage Value = $130,000

Life = 12 Years

AW, A($) = - 400,000 x A/P(9%, 24) + (309,000 - 189,000) + 65,000 x P/F(9%, 24) x A/P(9%, 24)

AW, A($) = - 400,000 x 0.103 + 120,000 + 65,000 x 0.1264 x 0.103

AW, A($) = - 41,200 + 120,000 + 846.25

AW, A($) = 79646

AW, B ($) = -230,000 x A/P(9%, 5) + (222,500 - 134,000)

AW, B ($) = -230,000 x 0.2571 + (222,500 - 134,000)

AW, B ($) = 29,367

AW, C ($) = - 150,000 x A/P(9%, 12) + (234,000 - 134,000) + 130,000 x P/F(9%, 12) x A/P(9%, 12)

AW, C ($) = - 150,000 x 0.1397 + 100,000 + 130,000 x 0.3555 x 0.1397

AW, C ($) = - 20,955 + 100,000 + 1,692.50

AW, C ($) = 80738

7 0

3 years ago