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marusya05 [52]
3 years ago
5

Your car averages 28 miles per gallon (MPG). Your trip to work averages 14 miles. Gas costs 2.89 per gallon. What do you spend o

n average for gas per month going to work and back. (Assume you work 20 days per month).
Business
1 answer:
gogolik [260]3 years ago
4 0

Answer:

57.8$

Explanation:

Here we know that:

- One trip to work averages 14 miles

- Therefore, one return trip home-work averages 14*2=28 miles

- You work 20 days per month

So, the average number of miles per month is:

m=28\cdot 20 =560 mi

Then, we also know that the car averages 28 miles per gallon; this means that the number of gallons consumed on average in 1 month is equal to the average number of miles (560) divided by 28:

g=\frac{560 mi}{28 mi/gal}=20 gal

So, 20 gallons per month.

Finally, we know that the cost of the gas is 2.89$/gallon. Therefore, the average total cost per month is equal to the average number of gallons per month (20) times the cost per gallon:

cost = (20 gal)\cdot (\$2.89/gal)=\$57.8

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A company uses a periodic inventory system sells a single product that had a beginning inventory of 5,000 units with a total cos
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Answer:

D) $115,000

Explanation:

beginning 5,000 at cost of       $  35,000

purchase 12,000 at $9 each = $ 108,000

total units  available for sale 17,000

ending                            <u>        (4,000)   </u>

sold units:                              13,000

Under LIFO we first sale the newest units those are the purchased ones.

we will sale the 12,000 purchased unit  --> $108,000

13,000 - 12,000 = 1,000 there is still 1000 more unit to sale oso we take themfrom beginning inventory

and 1000 of the beginning inventory:

35,000 / 5,000 x 1,000 =  7,000

total cogs = 108,000 +7,000 = 115,000

6 0
3 years ago
Fact Pattern 18-B1
Roman55 [17]

Answer:

D) substantial, but not complete, performance

Explanation:

Even though Moses breached his contract with Noelle, most part of the contract was performed. The most significant part of the contract was the apartment itself, not the air conditioning system. For a material breach to exist Moses should have failed to perform in a greater way, not just the air conditioning. Probably Noelle should get a discount on the price of the apartment so that she can get the air conditioning system installed.

The fact that Noelle stopped paying for the apartment just because of this is a little overreacting. For example, if I buy a used car and the previous owner forgets to give me the spare tire, I cannot stop paying because it may be worth money but proportionally it's a small amount.

6 0
3 years ago
What two measures are used to describe the problems of growth and economic instability
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The two measures of instability in economic growth are high unemployment rates and inflation
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3 years ago
On October 31, Year 1, A company general ledger shows a checking account balance of $8,445. The company’s cash receipts for the
slamgirl [31]

Answer:

Balance as per cash book                                                     $ 8,445

Adjustments to be recorded in cash book

Less: Bank Service Fees                                                        $ (  310)

Add: Note receivable                                                             $ 6,600                                                              

Add: Interest earned                                                              <u>$  1,120</u>

Adjusted cash balance                                                       <u>$ 15,855</u>

Balance as per bank statement                                           $ 12,895

Add: Deposits in transit ( $ 74,640 - $ 71,375)                    $  3,265        

Less: Unpresented cheques ( $ 72515- 71270)                   $ (1,245)

Add: Correction of error                                                        <u>$    940</u>

Adjusted bank balance                                                        $ 15,855

Explanation:

For cash book, the adjustments that have to be recorded are the bank service fees, collection of notes and interest.

For bank statements, the adjustments that have to be recorded are the deposits in transits ( collections not deposited). unpresented cheques ( cheques issued but not presented) and the correction of the wrong entry.

3 0
3 years ago
Justice enterprises has current assets of $593 million and current liabilities of $316 million. what is their current ratio?
Inessa [10]
To solve this problem, first, we must know the formula to get the current ratio. 
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Current Ratio=  -------------------------
                           Current Liabilities

So in this problem the current assets and current liabilities are given which are the following:
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   CL= $316,000,000

Let's now solve  $593,000,000 / $316,000,000 = 1.88 

4 0
3 years ago
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