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Elan Coil [88]
2 years ago
14

A stadium buses fans to the game from satellite lots. Two buses shuttle between each of the three satellite lots. Each bus is le

ased for $100/hour, and each bus driver is paid $15/hour. What is the cost for busing if the drivers work for six hours each?
Business
2 answers:
anyanavicka [17]2 years ago
8 0

The driver works 6 hours and is paid $15/hour then for 6 hours each driver will be paid: 6*15 = $90

each bus is leased for $100/hour and for 6 hours each bus will cost: 6*100 = $600

there are 2 drivers and 2 buses thus the cost for 6 hours is:

2*90 + 2*600 = 180 + 1200 = $1,380

the total cost for busing is $1,380.

neonofarm [45]2 years ago
4 0

Answer:

$4,140

Explanation:

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Suppose the government introduces a $4 per unit tax on the supply of automobile tires (suppliers are responsible for submitting
omeli [17]

Answer:

The correct answer is: price elasticity of supply and demand.

Explanation:

The government introduces a $4 per unit tax on the supply of automobile tires. The tax is imposed on the suppliers. The effect of the imposition of tax will remain the same whether the incidence falls on the buyer or seller. The imposition of tax will lead to an increase in the price of the commodity.

The burden shared by the buyers and sellers depends on the elasticity of demand and supply. If demand is more elastic than the supply, the supplier will bear the greater burden and vice versa.

6 0
2 years ago
Rugrat Company has the following information for the current year: Beginning fixed manufacturing overhead in inventory $190,000
inessss [21]

Answer:

$140,000

Explanation:

The  difference between operating incomes under absorption costing and variable costing based on fixed expenses is shown below:

Variable costing:

Fixed manufacturing overhead in production $750,000

Absorption costing:

The Fixed cost would be

= Beginning fixed manufacturing overhead in inventory + Fixed manufacturing overhead in production - Ending fixed manufacturing overhead in inventory

= $190,000 + $750,000 - $50,000

= $890,000

So, the difference would be

= $890,000 - $750,000

= $140,000

8 0
2 years ago
Joshua Industries is considering a new project with cash inflows of $478,000 for the indefinite future. Cash costs are 68 percen
Alex

Answer:

$93,940.85

Explanation:

Adjusted present value is the sum of net present value of after tax cash flow and net present value of tax shield.

First compute after tax cash flow:

Cash inflow = $478,000

Cash cost = 68% of $478,000 = $325,040

Pre-tax profit = 478,000 - 325,040 = $152,960

Tax = 34 %

After tax cash flow = 152,960 (1 - 0.34) = $100,953.60

Net present value of after tax cash flow = \frac{After\ tax\ cash\ flow }{Cost\ of\ equity} -Intial\ investment\\

= \frac{100,953.60}{0.142} - 685,000

= $25,940.85

Present value of tax shield = Amount of debt × tax rate

= 200,000 × 0.34

= $68,000

Adjusted present value = 28,940.85 + 68,000

= $93,940.85

4 0
2 years ago
Lionel joined the International Council on Hotel, Restaurant and Institutional Education for career guidance. Which profession i
Savatey [412]

Answer:

Food-service management

Explanation:

The International Council On Hotel, Restaurant & Institutional Education (I-CHRIE) was founded in 1946 as a non-profit organization for schools offering programs in hotel and restaurant management, food service management and culinary arts.

Hence, Lionel haven joined the International Council on Hotel, Restaurant and Institutional Education for career guidance is aspiring for a profession in hospitality or food-service management.

7 0
2 years ago
Stanley deposits $1,000 into a savings account that pays 1% interest per year. At the end of the first year, he's earned $10 in
77julia77 [94]

Answer:

$1000

$1010

Explanation:

The formula for determining simple interest = principal x time x interest rate

The formula for determining compound interest = future value - amount invested

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

1000 X 0.01 X 1 = $10

Given the figures in the question, the simple interest each year would be $10 based on $1000

But the compound interest in year 2 = 1000 x (1.01)^2 = 1020.10

1020.10 - 1000 = 20.1

compound interest in year 2 = 20.1 - 10 = 10.1

or

1010 x 0.01 x 1 = 10.1

7 0
2 years ago
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