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meriva
2 years ago
6

Benito spent $1837 to operate his car last year. Some of these expenses are listed on the table below:. . Operating Expenses. .

Cost. Insurance. . $972. Registration. . $114. Maintenance. . $105. . . Benito’s only other expense was for gasoline. If he drove 7600 miles, what was the average cost of the gasoline per mile?
Business
2 answers:
NNADVOKAT [17]2 years ago
7 0

Answer:

$0.09

Explanation:

The total expense incurred by Benito is the sum of the operating expenses. These are the cost of insurance, registration, maintenance and gasoline. As such, to determine the cost of gasoline, the other cost are summed up and deducted from the total cost.

Cost of gasoline = $1837 - ($972 + $114 + $105)

= $646

If he drove 7600 miles, the average cost of the gasoline per mile

= $646/7600

≈ $0.09 = 90 cents

Sergio [31]2 years ago
3 0
Benito's total expense is the sum of the operating expenses, cost of insurance, registration, and maintenance. These summed up to $1191. The remaining expense is $646 which is from the gasoline. From this, the cost of gasoline per mile is equal to $0.085.

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Stiller Corporation incurred fixed manufacturing costs of $12,000 during 2011. Other information for 2011 includes: The budgeted
DiKsa [7]

Answer:

Cost of Goods Sold will contain 9,600 of the fixed manufacturing cost

Explanation:

actual fixed cost 12,000

Under absorption cost, the produced units will take the complete manufacturing cost

total manufacturing cost / produced units

            12,000                 /    1,500 units        = 8

Then, we multiply by the amount of units sold to know how much of the manufacturing cost were recognize during the period

1,200 x 8 = 9,600

The rest, will be capitalized into inventory.

6 0
2 years ago
When completing an enrollment application in LEAN, why is an agent prohibited from entering their own email address in a field a
Nikitich [7]

Answer:

This is because of the ethics guiding the body. For example, ethically, it is wrong for the agent to put his email address in the application in LEAN where it should have been the customer's own. <em>There is a possibility of the identity theft or fraud being committed when such happens.</em>

Explanation:

7 0
2 years ago
Investments and loans base their interest calculations on one of two possible methods: the interest and the interest methods. Bo
IrinaK [193]

  1. FV = PV Times (1 + r)^n
  2. FV = PV + (PV Times r Times n)
  3. False
  4. False
  5. True
  6. Laura should invest in investment P

Investment = L  FV = $66,485.49  Make this investment? No

Investment = M  FV = $59,400  Make this investment? No

Investment = P  FV = $77,318.37  Make this investment? Yes

Explanation:

  1. Compound interest: FV = PV Times (1 + r)^n
  2. Simple interest: FV = PV + (PV Times r Times n)
  3. The process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods. False
  4. After the end of the second year and all other factors remaining equal, a future value based on compound interest will never exceed the future value based on simple interest. False
  5. All other factors being equal, both the simple interest and the compound interest methods will accrue the same amount of earned interest by the end of the first year. True

Investment = L

Interest rate and method = 5% compound interest

Expected Future Value, FV = PV (1 + r)^n

FV = 45000 (1 + 0.05)^8

FV = 45000 * (1.05)^8

FV = 45000 * 1.477455 = $66,485.49

Make this investment? Yes / No

Investment = M

Interest rate and method = 4% simple interest

Expected Future Value, FV = PV + (PV * r * n)

FV = 45000 + (45000 * 0.04 * 8)

FV = 45000 + 14400 = $59,400

Make this investment? Yes / No

Investment = P

Interest rate and method = 7% compound interest

Expected Future Value, FV = PV (1 + r)^n

FV = 45000 (1 + 0.07)^8

FV = 45000 * (1.07)^8

FV = 45000 * 1.718186 = $77,318.37

Make this investment? Yes / No

Since she can only make one investment during the eight-year investment period, Laura should invest in investment P

8 0
2 years ago
Eight-year-old Terry's performance on an intelligence test is at a level characteristic of an average 5-year-old. In other words
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Answer:

The correct option is C

Explanation:

If say a child is 8 years has an IQ score that is the same with the score of an average 10 years old child, the mental score of that child is 10. From our example, if Terry who is 5 years performs as an average 5-year old child, then his mental score is 5. However the IQ Score will be

5/5 * 100 (Since 100 is the average IQ Score) = 100

6 0
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Bobby is a self-employed taxpayer reporting his business income on Schedule C (Form 1040 or 1040-SR). Identity thieves gained ac
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Answer:

Bobby cannot deduct the loss

Explanation:

Bobby cannot claim deductions for theft on his property because from 2018 to 2025 they are not allowed as itemized deductions unless they are federally declared disasters in which case he would still need to have to complete the form 4684 and use the form 1040 schedule A to report his claims

4 0
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