Business
Business, 22.04.2021 21:50, brittneeyy

Kristen Lu purchased a used automobile for $30,400 at the beginning of last year and incurred the following operating costs: Depreciation ($30,400 ÷ 5 years) $ 6,080 Insurance $ 3,100 Garage rent $ 1,600 Automobile tax and license $ 820 Variable operating cost $ 0.11 per mile The variable operating cost consists of gasoline, oil, tires, maintenance, and repairs. Kristen estimates that, at her current rate of usage, the car will have zero resale value in five years, so the annual straight-line depreciation is $6,080. The car is kept in a garage for a monthly fee. Required: 1. Kristen drove the car 29,000 miles last year. Compute the average cost per mile of owning and operating the car. (Round your answers to 2 decimal places.) 2. Kristen is unsure about whether she should use her own car or rent a car to go on an extended cross-country trip for two weeks during spring break. What costs above are relevant in this decision? Assume that there is no decrease in the resale value of the car due to its use. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 04:30, skyvargasov9cad
Peyton taylor drew a map with scale 1 cm to 10 miles. on his map, the distance between silver city and golden canyon is 3.75 cm. what is the actual distance between silver city and golden canyon?
Answers: 3
image
Business, 22.06.2019 15:30, Pooh1189
Uknow what i love about i ask a dumb question it is immediately answered but when i ask a real question it take like an hour to get answered
Answers: 2
image
Business, 22.06.2019 23:10, 401666
Mr. pines is considering buying a house and renting it to students. the yearly operating costs are $1,900. the house can be sold for $175,000 at the end of 10 years and it is considered 18% to be a suitable annual effective interest rate. if the house costs $100,000 to purchase, how much would you need to charge your tenants each year in rent? (assume a single payment for the years rent at the end of each year)
Answers: 1
image
Business, 23.06.2019 04:31, TheBugDa
Kubin company’s relevant range of production is 24,000 to 31,000 units. when it produces and sells 27,500 units, its average costs per unit are as follows:
Answers: 1
Do you know the correct answer?
Kristen Lu purchased a used automobile for $30,400 at the beginning of last year and incurred the fo...

Questions in other subjects:

Konu
Mathematics, 25.03.2020 15:47
Konu
Mathematics, 25.03.2020 15:47
Konu
Mathematics, 25.03.2020 15:48
Konu
Mathematics, 25.03.2020 15:49