A businesswoman wants to determine the difference between the costs of owning and leasing an automobile. She can lease a car for $440 a per month (on an annualbasis). Under this plan, the cost per mile is $0.07. If she were to purchase the car, the fixed annual expense would be $4800, and other costs would amount to $0.11 permile. What is the least number of miles she would have to drive per year to make leasing no more expensive than purchasing?The businesswoman would have to drive at leastmiles per year.

Let's start by calculating the annual cost of leasing the car. Since the lease is $440 per month,…

Answered: A businesswoman wants to determine the…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Please answer all subparts. I will really upvote
Use the rule of thumb method to find out what the average room rate should be for a 300-room hotel, costing $25 million. Once you find the average room rate, assume that an occupancy of 78% is expected and double occupancy rate is 44% with a price difference between singles and doubles of $15 (the hotel has 150 double rooms and 150 single rooms), find the rate for double rooms and the rate for single rooms.
About 1/3 of Samuel’s paycheck goes to housing, 1/6 goes to utility bills, 1/8 goes for his car, and 1/5 goes for food. How much of his paycheck is left for entertainment?
Susan is a single mother with three children. She can earn $8 per hour and works up to 2,000 hours per year. However, if she does not earn any income at all, she will receive government benefits totaling $16,000 per year. For every $1 of income she earns, her level of government support will be reduced by $1. The table below is patterned after Table 15.8 from the text. Number of Work Hours Earnings from Work Government Benefits Total Income 2000 $16,000 $0 $16,000 1600 $12,800 1200 $9600 800 $6400 400 $3200 $12,800 $16,000 0 $0 $16,000 $16,000 Complete the table. Is this program an example of a poverty trap? Explain your answer. If this program is an example of a poverty trap, how can this program be altered to avoid this problem?
Acme Plumbing and Heating charges $45 for a service call plus $30 per hour. If the company estimates that a certain job will cost at least $255, how long will the job take?
Until now, debit card fees have been 44 cents a transaction, on average. The Federal Reserve in June agreed to cut the fees to a maximum of about 24 cents. While the fee amounts to pennies per swipe, it rapidly adds up across millions of transactions. The new limit is expected to cost the banks about $6.6 billion in revenue a year. What percentage of a $10 debit card transaction does a merchant have to pay to the bank that issued the card? How will that percentage change when the new rule takes effect?
A manufacturer of ovens sells them for $2,200 each. The variable costs are $920 per unit. The manufacturer's factory has annual fixed costs of $2,240,000. a. Given the expected sales volume of 4,700 units for this year, what will be this year's net income? Express the answer with a positive sign for profit or negative sign for loss, rounded to the nearest cent b. How many units must the manufacturer produce to break even if the fixed costs increased by 15.00%? Round up to the next whole number
An entry level programmer's annual pay is $⁢57,616 based on 52 weeks per year. Due to the economy, his company is having to cut back on the number of weeks that it employs its programmers. If the firm cuts the work year to 50 weeks but keeps the same rate of pay, how much should the programmer expect his annual pay to decrease? Round your answer to the nearest dollar.
The Audubon society at Enormous State University (ESU) is planning its annual fund-raising "Eatathon." The society will charge students 84¢ per serving of pasta. The only expenses the society will incur are the cost of the pasta, estimated at 16¢ per serving, and the $340 cost of renting the facility for the evening. a. How many servings of pasta must the Audubon society sell to break even? b. What profit (or loss) results from the sale of 1,500 servings of pasta?
Suppose you make beautiful coffee tables out of juniper trees. Your materials cost for each table is $135. You pay your craftsman $25 per hour and it takes him 5 hours to complete one table. If you sell these tables for $689, What is the Gross Profit Margin on the coffee tables
Cliff runs a restaurant in a small town known for its theatres and tourist attractions. Cliff charges an average of $18 per meal. He estimates his variable costs to be $6 per meal and fixed costs are $12,000 per month. Cliff has the capacity to serve 2000 meals per month. At 75% capacity, what is Cliff's net income?
If the cost of college tuition in 2010 was $6015 and in 2014 was $9139, then the average rate of change in tuition during this time period was $781/year. Do you agree or disagree?

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