answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Yuki888 [10]
2 years ago
8

1-9 Automobile repair shops typically recommend that their customers change their oil and oil filter every 3,000 miles. Your aut

omobile user's manual suggests changing your oil every 5,000–7,000 miles. If you drive your car 15,000 miles each year and an oil and filter change costs $30, how much money would you save each year if you had this service performed every 5,000 miles?
Business
1 answer:
blagie [28]2 years ago
8 0

Answer:

$60 per year

Explanation:

Calculation for how much money would you save each year

First step is to calculate for the cost of Changing the oil every 3,000 miles

Cost of Changing oil every 3,000 miles:

Cost = (15,000/3,000)*$30

Cost =5*$30

Cost = $150 per year

Second step is to calculate for the cost of Changing the oil every 5,000 miles

Cost of Changing oil every 5,000 miles:

Cost = (15,000/5,000)*$30

Cost =3*$30

Cost = $90 per year

Last step is to calculate how much money would you save each year using this formula

Savings =Cost of Changing oil every 3,000 miles-Cost of Changing oil every 5,000 miles

Let plug in the formula

Savings= $150 per year-$90 per year

Savung=$60 per year

Therefore the amount of money you would save each year will be $60 per year

You might be interested in
A profitable company making earthmoving equipment is considering an investment of $150,000 on equipment that will have a 5 year
Anuta_ua [19.1K]

Answer:

Earthmoving Equipment Company

The preferable method of depreciation based on the Present Worth is:

(a) Straight line method

Explanation:

a) Data and Calculations:

Cost of equipment = $150,000

Estimated useful life = 5 years

Salvage value = $50,000

Depreciable amount = $100,000 ($150,000 - $50,000)

Annual Depreciation:

Straight-line method = $20,000 ($100,000/5)

Double-declining-balance method rate = 40% (100%/5 * 2)

Depreciation Schedules:

a) Straight line method

Year      Cost        Depreciation      Accumulated      Net Book Value

                                Expense          Depreciation  

Year 1  $150,000     $20,000             $20,000             $130,000

Year 2 $150,000     $20,000             $40,000              $110,000

Year 3 $150,000     $20,000             $60,000              $90,000

Year 4 $150,000     $20,000             $80,000              $70,000

Year 5 $150,000     $20,000           $100,000              $50,000

b) double declining balance method

Year      Cost        Depreciation      Accumulated      Net Book Value

                                Expense          Depreciation  

Year 1  $150,000    $60,000            $60,000              $90,000

Year 2 $150,000      36,000              96,000                 54,000

Year 3 $150,000       4,000              100,000                 50,000

Year 4 $150,000

Year 5 $150,000

c) MACRS method

Year      Cost        Depreciation      Accumulated      Net Book Value

                                Expense          Depreciation  

Year 1  $150,000    $30,000             $30,000              $120,000

Year 2 $150,000      48,000                78,000                  72,000

Year 3 $150,000      28,800              106,800                  43,200

Year 4 $150,000       17,280              124,080                  25,920

Year 5 $150,000      17,280                141,360                    8,640

Year 6 $150,000       8,640               150,000                    0

Discount rate (MARR) = 10%

PW of Straight-line Depreciation Charges:

PV annual factor = 3.791

PW = $75,820 ($20,000 * 3.791)

PW of Double-declining-balance:

Year 1 = $54,540 ($60,000 * .909)

Year 2 = $29,736 ($36,000 * .826)

Year 3 = $3,004 ($4,000 * .751)

PW =    $87,280

PW of MACRS:

Year 1 = $27,200 ($30,000 * .909)

Year 2 = $39,648 ($48,000 * .826)

Year 3 = $21,629 ($28,800 * .751)

Year 4 = $11,802 ($17,280 * .683)

Year 5 = $10,731 ($17,280 * .621)

Year 6 = $4,873 ($8,640 * .564)

PW =   $115,883

8 0
1 year ago
Chang Industries has 2,000 defective units of product that already cost $14 each to produce. A salvage company will purchase the
lidiya [134]

Answer:

A sunk cost is the correct answer to this question.

Explanation:

Sunk cost:- Sunk costs are those expenses that have been accumulated in the past and are thus in some way unrelated to judgment-making.

In the question referred to above, the company has already made $14 to produce. This cost will be inconsequential even if the company makes the units as it is or procedures them further.

As a result, $14 is a sunk expense.

Other options are incorrect because they are not related to the given scenario.

5 0
2 years ago
Which of the following lists contains, in this order, natural resources, physical capital, and human capital?
goblinko [34]

Answer:

Option a.

Explanation:

  • Natural resources are those resources which we get directly from the natural sources like land, forest, minerals, etc
  • Physical capital is a piece of the generation procedure, what financial specialists call a factor of creation. It incorporates things like structures, hardware, gear and PCs.  
  • Human capital is the load of propensities, information, social and character qualities epitomized in the capacity to perform work to create monetary worth.  
  • Human capital is exceptional and contrasts from some other capital. It is required for organizations to accomplish objectives, create and stay inventive.
5 0
2 years ago
Josh bought a bond with a par value of 1,500 from company ABC. The bond pays twenty annual coupons of 90 and matures at the end
ElenaW [278]

Answer: c

Explanation:

3 0
2 years ago
Chuck Olson, age 16, buys a used car from Bobby Duncan Used Cars Center on September 15, 2006. Olson agrees to pay $200 a month
lukranit [14]

Answer:

Olson can successfully press charges and force Duncan to take care of the damages caused to the car ( D )

Explanation:

Chuck Olson age 16 ( a minor ) can successfully press charges and request/force Bobby Duncan used cars center to take care of the damages caused to the car. this is because according to traditional common laws a contract entered by a minor is considered null and void hence Olson can successfully disaffirm the contract and Bobby Duncan would have to accept the damages and take care of them.

A minor is not required by traditional common law to entered into any form of obligatory contract.

8 0
2 years ago
Other questions:
  • Cash received from a customer on account was debited for $570, and accounts receivable was credited for the same amount. The act
    11·1 answer
  • Ring Company designs and builds jewelry. During June it had applied overhead of $120,000. Overhead is applied at the rate of 75%
    6·1 answer
  • A repetitive manufacturing firm is planning on level material use. The following information has been collected. Currently, the
    6·1 answer
  • A client is using the Sales on Account workflow. Instead of receiving a payment against the invoice, they add a new deposit cate
    13·1 answer
  • The decision situations wherein the decision-maker chooses to consider several possible outcomes and the probabilities of their
    12·1 answer
  • What aspect of America were William Watts and Lloyd Free referring to when they labeled it "the country of individualism par exc
    10·1 answer
  • In 2006, consumers held on to a 2007 Chevrolet Monte Carlo at the State Fair of Texas in an endurance competition that tested co
    12·1 answer
  • Maria is a spare parts manager with Torque Engines Industries. She collects the sales data for different engine parts and integr
    8·1 answer
  • Suire Corporation is considering dropping product D14E. Data from the company's accounting system appear below: Sales $ 670,000
    12·1 answer
  • Enviro Company issues 14.00%, 10-year bonds with a par value of $500,000 and semiannual interest payments. On the issue date, th
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!