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Yuliya22 [10]
3 years ago
6

Larry estimates that the costs of insurance, license, and depreciation to operate his car total $320 per month and that the gas,

oil, and maintenance costs are 14 cents per mile. Larry also estimates that, on average, he drives his car 1,400 miles per month. Required: a. How much cost would Larry expect to incur during April if he drove the car 1,529 miles
Business
1 answer:
agasfer [191]3 years ago
3 0

Answer:

See below

Explanation:

The question above is incomplete. The concluding part is

b. Would it be meaningful for Larry to calculate an estimated average cost per mile for a typical 1,400 mile month. Yes or No

Given the above information,

a. Total number of miles driven = 1.529 miles

Total cost = Fixed cost + Variable cost × Number of miles driven

= $320 + $0.14 × 1,529

= $320 + $214.06

= $534.06

b. Since $320 per month is the fixed, the fixed cost per mile will decrease with the increase in number of miles driven . It means that if he drives less than 1,400 miles , the actual cost will be more than the cost based on predetermined overhead rate of the cost.

No. It would not be meaningful for Larry to calculate an estimated average cost per mile for a typical 1,400 mile month.

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As we know that

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we simply deduct the cost from the revenue so that the net operating income could come

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According to the tutorial, which is the most significant tax local governments rely on to generate revenue?
kirill115 [55]
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In a judicial foreclosure, how long does the borrower’s redemption period last if a deficiency judgment isn’t being sought?
aniked [119]

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In a judicial foreclosures state, the lender has to report a lawsuit in a courtroom in an effort to foreclose. In a nonjudicial foreclosure nation, the lender can foreclose without going through the court docket system. either way, the very last step within the foreclosure process is a foreclosure sale.

Redemption is a period after your home has already been sold at a foreclosure sale when you may nonetheless reclaim your private home. You may want to pay the high-quality mortgage stability and all fees incurred during the foreclosures system.

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The community of Desertville traditionally produces a large number of tires and a small amount of kiwi fruit. Kiwis are become i
viktelen [127]

Answer:

The answer is TRUE.

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Explanation:

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As we can see in the scenario given above, the community of Desertville initially produced a small amount of Kiwi fruit. But as kiwis became more popular, its cultivation had to be expanded, therefore, increased costs would be incurred in the process of this expansion.

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