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Bezzdna [24]
2 years ago
6

If an automobile gets 24.5 miles to the gallon and the cost of gasoline is $2.75 a gallon, how much will it cost to drive 975 km

? (note: monetary values are often reported to the nearest cent.)
Business
1 answer:
Ludmilka [50]2 years ago
5 0
I<span>n order to know how much will it cost to drive 975 </span><span>km, we need first to know how many gallons it would take to drive 975 km. </span>First,<span> we need to convert kilometers to miles. 975 km would be equal to 605.84 miles (1 km = 0.62 miles). Since one gallon can be consumed up to 24.5 miles, we need to divide 605.84 miles by 24.5 miles to know how many gallons will be consumed travelling such distance. Dividing the two numbers, we can get 24.73 gallons. We know that </span>one-gallon<span> costs $2.75. Therefore, it would cost $68.01 ($2.75 x 24.73 gallons) to drive 975 kilometers.</span>
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Bezzdna [24]
The answer would be False 
7 0
1 year ago
Refer to Exhibit 3-17. At a price of $16, the quantity demanded of good X is ____________ than the quantity supplied of good X,
il63 [147K]

The answer is (b) Greater,Rise ,toward

Explanation:

Refer to Exhibit 3-17. At a price of $16, the quantity demanded of good X is  <u>Greater </u>than the quantity supplied of good X, and economists would use this information to predict that the price of good X would soon <u>Rise</u> .This would push the price <u>Toward</u> the equilibrium price

The law of Demand states that the price and the supply of the product are inversely related (i.e . ceteris Paribus).

Also an increase in the number of buyers  of a particular product leads to a shift in the demand curve towards the right side

4 0
2 years ago
Marco knows that he needs to score an "A" on his next test in order to keep his scholarship. To that end, he studies two hours e
kondaur [170]

Answer:

The correct word for the blank space is: content.

Explanation:

Content goals are those important or that have a high value. These objectives are typically involved in the personal or professional development of individuals. Content goals imply a higher involvement and usually are objectives that cannot be set aside compared to other goals.

6 0
1 year ago
A project will produce an operating cash flow of $56,200 a year for 5 years. The initial fixed asset investment in the project w
Lelu [443]

Answer :

Net present value = -$18,375

Explanation :

As per the data given in the question,

Initial investment = $239,800

The project will generate operating cash flow pf $56,200 for 5 years

So present value of operating cash flow :

PMT = $56,200

N = 5 years

Rate = 15.2%

FV = $0

Now applying the formula

= -PV(RATE,NPER,PMT,FV,0)

The present value comes $187,502

Now

FV = $67,000

n = 5 years

Rate = 15.2%

PMT = $0

Now applying the formula

= -PV(RATE,NPER,PMT,FV,0)

The present value comes $33,023

Now the Net present value is

= ($33,023 + $187,502) - $238,900

= -$18,375

5 0
1 year ago
Richard is the owner of a very popular burger joint in his locality. He knows that his burger joint's location and excellent cus
Sergio039 [100]

Answer:

Richard is trying to understand if his product or service is substitutable.

Explanation:

According to the resource based theory, businesses gain competitive advantages over other businesses in the industry based on the strength of their resources.

For competitive advantage to be sustainable however, such resources must be rare, and not easily imitated or substituted.

Richard is carrying out research on his competitors to find out what they have to offer, to know if his product can be easily substituted or replaced.

4 0
1 year ago
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