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meriva
3 years ago
6

Benito spent $1837 to operate his car last year. Some of these expenses are listed on the table below:. . Operating Expenses. .

Cost. Insurance. . $972. Registration. . $114. Maintenance. . $105. . . Benito’s only other expense was for gasoline. If he drove 7600 miles, what was the average cost of the gasoline per mile?
Business
2 answers:
NNADVOKAT [17]3 years ago
7 0

Answer:

$0.09

Explanation:

The total expense incurred by Benito is the sum of the operating expenses. These are the cost of insurance, registration, maintenance and gasoline. As such, to determine the cost of gasoline, the other cost are summed up and deducted from the total cost.

Cost of gasoline = $1837 - ($972 + $114 + $105)

= $646

If he drove 7600 miles, the average cost of the gasoline per mile

= $646/7600

≈ $0.09 = 90 cents

Sergio [31]3 years ago
3 0
Benito's total expense is the sum of the operating expenses, cost of insurance, registration, and maintenance. These summed up to $1191. The remaining expense is $646 which is from the gasoline. From this, the cost of gasoline per mile is equal to $0.085.

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SpeakEasy, a U.S. software company that specializes in voice-recognition software, wishes to rapidly enter the growing technical
bulgar [2K]

Answer:

<h2>In this case, the answer would be acquiring or merging with other firms producing related products or services.</h2>

Explanation:

  • As mentioned in the question, the market for technical translation software is basically dominated by firms producing differentiated or specialized products and services.
  • Now, considering that SpeakEasy is a completely new entrant in the market, it will be extremely difficult for the company to initially compete with the established market leaders or firms dominating the market.
  • Hence, SpeakEasy can perhaps consider acquiring or merging with some of the firms producing or specializing in voice-recognition software  that will eventually ease the burden of market competition or rivalry for the company and consequently,it can commercially and economically grow and prosper in the market by capturing new customers and expanding market share.
  • Mergers or acquisitions, in this case, would help the company to effectively focus on its specialized activities and conducts through knowledge sharing, economies of scale or lower average production cost,transfer or transmission of technological knowledge and exploration of new customer or client bases.
3 0
3 years ago
Miguel Corporation, a foreign subsidiary of a U.S. parent company, has one asset (Land) and no liabilities. The functional curre
user100 [1]

Answer:

All the 4 statements are correct.

Explanation:

The International Accounting Standard on Currency changes says that the all the assets and liabilities of the subsidiary must be reported at market value of the asset both at the end of the year and at the time of sale of asset & payment of liability. So this means that the statement a and d are correct statements because the translation gain or loss is reported by using the spot rate which is the market value of the asset in the parent company's currency. Similarly, the statement b and c are correct because at the time of sale of subsidiary assets we are actually recognizing the remeasurement gain or loss by using the spot rate, which is the market value of the asset in the parent company's currency.

5 0
3 years ago
Both a call and a put currently are traded on stock XYZ; both have strike prices of $45 and expirations of 6 months.
pychu [463]

Answer:

a. Profit to an investor who buys call for $4

a. $ -4

b. $ -4

c. $ -4

d. $ 1

e. $ 6

b. Profit to an investor who buys call for $6.5

a. $1.5

b. $6.5

c. $ -1.5

d. $ -3.5

e. $ -8.5

Explanation:

The call option is a derivative in which an investor buys an option to buy the asset at a certain price. The value of the call option is determined by maturity. The buyer of call option can buy an asset at a strike price before expiration date.

If the investor buys the call option for $4 then the $4 is an expense for the investor. The value of call will be -4 unless the stock price is above $50.  

If the investor buys the call option for $6.5 then the $6.5 is an expense for the investor. The value of call will be -6.5 unless the stock price is below $50.  

6 0
3 years ago
On September 1, 2017, Hyde Corp., a newly formed company, had the following stock issued and outstanding:• Common stock, no par,
Pavel [41]

Answer:

Common Stock                                  5,000

Additional paid-in Common stock  70,000

Preferred Stock                                15,000

Additional paid-in Preferred stock 22,500

Explanation:

For the common and preferred stock accounts, we multiply the shares outstanding by the face value.

The additional paid-in will be the difference between the par value and the market price of the share at issuance.

<u>Common stock</u>

5,000 issued shares x $ 1 par value = 5,000

<u>Additional paid-in</u>

15 - 1 = 14 additional paid-in per share

5,000 shares x 14 = 70,000

<u>Preferred stock</u>

1,500 issued shares x $ 10 par value = 15,000

<u>Additional paid-on</u>

25 - 10 = 15 additional per share

1,500 x 15 = 22,500

3 0
3 years ago
Scarcity, opportunity cost, and marginal analysis Kyoko is training for a triathlon, a timed race that combines swimming, biking
alekssr [168]

Answer:

C

Explanation:

Trade off can be expressed in terms of opportunity cost.

Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.

Kyoko has limited time so she has to choose between three activities. If she chooses one sport, she would not be able to partake in the other activities. So, she is trading off biking or running for swimming.

Trade off occurs because resources are limited and wants are unlimited.

7 0
2 years ago
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