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meriva
4 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]4 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]4 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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3 years ago
A bank loans Kellie's Print Shop $350,000 to remodel a building near campus to use as a new store. On their respective balance s
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3 years ago
In the short run, with predetermined prices, when output is greater than planned aggregate expenditures:
katen-ka-za [31]

Answer:

The decrease in production, is the right answer.

Explanation:

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5 0
3 years ago
Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible
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Answer:

(1) $66,500

(3) $453,500

Explanation:

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= $400,000 + $50,000 + $40,000 +  $30,000

= $520,000

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= ($400,000 × 8%) + ($50,000 × 15%) + ($40,000 × 30%) + ($30,000 × 30%)

= $32,000 + 7,500 + $12,000 + $15,000

= $66,500

Balance of allowance for uncollectible accounts on 12/31/2021 is $66,500.

(2) Journal entry for adjusting the allowance for uncollectible account is :

Bad debt expense A/c    Dr.    $44,500

To Allowance for uncollectible account     $44,500

(Adjusting entry)

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= Amount uncollectible - credit balance  in its allowance for uncollectible accounts

= $66,500 - $22,000

= $44,500

(3) Net account receivable balance on 12/31/2021:

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Allowance for uncollectible account = $66,500

Net Account Receivables:

= Accounts receivables total - Allowance for uncollectible account

= $520,000  - $66,500

= $453,500

7 0
3 years ago
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