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netineya [11]
2 years ago
8

The purchase of a used pickup for $9,000 is being considered. Records for other vehicles show that costs for oil, tires, and rep

airs about equal the cost for fuel. Fuel costs are $990 per year if the truck is driven 10,000 miles. The salvage value after 5 years of use drops about 8 cents per mile per year. Find the equivalent uniform annual cost if the interest rate is 8%. How much does this change if the annual mileage is 15,000
Business
1 answer:
oee [108]2 years ago
7 0

The equivalent uniform annual cost is $4,500 with a 10,000 mileage and $5,510 with 15,000 mileage.

<h3>What does mileage cost?</h3>

The cost per mileage depends on the total miles traveled especially in a given period of time.  The distance is multiplied by the mileage rate to obtain the mileage cost.

<h3>Data and Calculations:</h3>

Cost of used pickup van = $9,000

Costs of oil, tires, and repairs = $990

Fuel costs per year for 10,000 miles = $990

Fuel costs per year for 15,000 miles = $1,495 ($990/10,000 x 15,000).

Salvage value after 5 years drops by 8% per mile per year

Deprecation expenses per year = $1,800 ($9,000/5)

Interest rate = 8%

Annual interest = $720

Equivalent uniform annual cost for 10,000 mileage = $4,500 ($1,800 + $990 + $990 + $720)

Equivalent uniform annual cost for 15,000 mileage = $5,510 ($1,800 + $1,495 + $1,495 + $720)

Thus, the equivalent uniform annual cost is $4,500 with a 10,000 mileage and $5,510 with 15,000 mileage.

Learn more about vehicle mileage calculations at brainly.com/question/24787693

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Hines Cosmetic Co. sold beauty preparations nationally to beauty shops at a standard or fixed- price schedule. Some of the shops
babymother [125]

Answer:  No,the company is not guilty.

Explanation:  In the given case, Hines could not be considered guilty of price discrimination as the price charged from different shops was same. The free samples were distributed for the purpose of campaign and the discretion to which shop they want to provide lies completely with the company.

Price discrimination refers to the practice of charging different prices from different customer which the company have definitely not done.

Hence, Hines could not be charged of guilty of price discrimination.

6 0
2 years ago
If inputs increase by 15% and outputs increase by 15%, what is the percentage change in productivity?
scoray [572]

Answer:

0%

Explanation:

If input increase by 15% and output increase by 15% then the equation for productivity will be

Input = 100% + 15% = 115%

Output = 100% + 15% = 115%

productivety =\frac{Outpu t }{Inpu t}

productivety=\frac{1.15}{1.15}

productivty = 1

Percentage change = 1-1

Percentage change = 0%

If both Output and input is increased by the same amount the results will be the same

6 0
3 years ago
A customer's desire for a product coupled with the buying power or resources to obtain that product is called a ________.
Doss [256]
Pls help or ill fail
5 0
1 year ago
Provincial Inc. reported the following before-tax income statement items: Operating income $ 520,000 Loss on discontinued operat
geniusboy [140]

Answer:

$176,800

Explanation:

Operating income ×income tax rate

$520,000 × 34% = $176,800

Therefore Provincial would report $176,800 of income tax expense as a separately stated line item in the income statement because $520,000 is the operating income tax before-tax income statement items and 34% is the actual income rate.

4 0
3 years ago
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A new client of the member firm has just opened a margin account. After account approval, the client's initial trade is an order
Aleks04 [339]

Answer:

$2,000

Explanation:

Data provided in the question

Number of shares purchased = 100 shares

Price of common stock = $25

Given percentage = 50%

Based on the above information, there is no borrowing taken place in a margin account because there is a minimum requirement to maintain $2,000 in equity and when the purchase is made lower than $2,000 so it is important to pay the amount in full and the deposits are important when it is made more than $2,000 in the case when the trade is more than $4,000

7 0
3 years ago
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