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
dybincka [34]
2 years ago
8

It is estimated that the maintenance cost on a new car will be $500 the first year. Each subsequent year, this cost is expected

to increase by $150. How much would you need to set aside when you bought a new car to pay all future maintenance costs if you planned to keep the vehicle for 10 years
Business
1 answer:
Vsevolod [243]2 years ago
7 0

Answer:

$-8,609

Explanation:

Calculation for How much would you need to set aside

Year Cashflows PVF 5% Present values

1 -500 *0.952381 =-476.19

2 -650(500+150) *0.907029 =-589.569

3 -800(650+150) *0.863838 =-691.07

4 -950(800+150) *0.822702 =-781.567

5 -1100(950+150) *0.783526 =-861.879

6 -1250(1100+150) *0.746215 =-932.769

7 -1400(1250+150) *0.710681 =-994.954

8 -1550(1400+150) *0.676839 =-1049.1

9 -1700(1550+150) *0.644609 =-1095.84

10 -1850(1700+150) *0.613913 =-1135.74

PV=Present value $-8,609

Therefore the amount you will need to set aside is $-8,609

You might be interested in
In Dart Co.'s Year 2 single-step income statement, as prepared by Dart's controller, the section titled "Revenues" consisted of
Amanda [17]

Answer:

  • what amount should Dart report as total revenues?

B. $250,000

Explanation:

The option B is the answer because the others option are not part of revenues during the year to the single step income.

The recovery of accounts written off are not part of revenues, it's an adjustment to the allowance for uncollectible accounts.

Then, the Purchase discounts is not part of revenues either, this kind of discounts goes directly to the valuation of inventory and then to the cost of goods.

8 0
3 years ago
Failing to respond to the needs of internal customers will diminish the confidence these users have in purchasing, and they may
Solnce55 [7]

Answer:

The correct answer is Maverick buying.

Explanation:

Maverick, is a wayward, a dissident, a rebel, someone who refuses to abide by the rules or resists joining a group. The term originates from Samuel A. Maverick (1803-1870), a Texas rancher, who refused to mark his cattle.

The "maverick buying", refers to purchases out of contract or channels established by an organization. For example, the Corporate Supply department negotiates a competitive price for certain particular models of laptops with a distributor. Days later, someone from the Human Resources department requests the purchase of a much more expensive model, for which a discount has not been negotiated.

Another example: traveling in an airline and staying in a hotel other than those with which the company has signed agreements.

The impact of bypassing the preferred purchasing channels and systems can vary from operational inefficiency, to missing out on the advantages of corporate contract negotiation, large fines and even jail time.

4 0
3 years ago
Which of the following is a sign of credit trouble?
Aleks04 [339]
The right answer for the question that is being asked and shown above is that: "c. Credit cards are canceled due to poor payment history." a sign of credit trouble is that <span>Credit cards are canceled due to poor payment history.</span>
8 0
2 years ago
I'm leaving this ACC take the points-
ICE Princess25 [194]
TY OMG THIS MEANS SO MUCH
5 0
2 years ago
Read 2 more answers
An enterprising student has set up an internship clearinghouse for business students. Each student who uses the service fills ou
GalinKa [24]

Answer: See Explanation

Explanation:

Using the first method goes thus:

Form Processing = 12 minutes

Time taken to complete processing = 4 minutes

Total Time for processing will be:

= 12 + (4 × 13)

= 12 + 52

= 64 minutes

Method 2

Form Processing = 5 minutes

Time taken to complete processing = 4 minutes = 4 minutes

Total Time for processing will be:

= 5 + (4 × 13)

= 5 + 52

= 57 minutes

Hence method 2 is better because it's faster as it used a lesser time to process the compared to method 1.

3 0
3 years ago
Other questions:
  • Gordon rosel went to his bank to find out how long it will take for $1,200 to amount to $1,650 at 8% simple interest. calculate
    6·1 answer
  • The retail price of mobile phones (unsubsidized) has decreased from $4,000 in 1983 when Motorola commercialized the device to le
    14·1 answer
  • Heidi Ganahl's account of how she founded Camp Bow Wow through great adversity is best characterized as a(n):
    15·1 answer
  • When reviewing an application, the employer is most concerned about
    14·1 answer
  • Jonas is a 60% owner of Ard, an S corporation. At the beginning of the year, his stock basis is zero. Jonas's basis in a $20,000
    14·1 answer
  • You work for a company that always pushes the envelope with respect to reporting revenues and expenses. You often disagree with
    14·1 answer
  • ECONOMICS!! PLEASE HELP ME!!
    13·2 answers
  • Below are the transactions for Ute Sewing Shop for March, the first month of operations.
    11·1 answer
  • If the Fed raises the interest rate, this will ________ inflation and ________ real GDP in the short run.
    7·1 answer
  • according to the midpoint method, the price elasticity of demand for oranges between point x and point y is approximately0.05 ,
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!