Aldo Redondo drives his own car on company business. His employer reimburses him for such travel at the rate of 36 cents per mile. Aldo estimates that his i xed costs per year such as taxes, insurance, and depreciation are $2,052. The direct or variable costs such as gas, oil, and maintenance average about 14.4 cents per mile. How many miles must he drive to break even?

Q: Sean owns a ski shop.  He paid $280 for some skis and later sold the skis for $364.  What is the…

A: The markup is the difference between the sales revenue and product cost. The markup percent is…

Q: Calculate the NPV of the investment. Note: Do not round intermediate calculations. Round your answer…

A: The net present value aids in determining the viability of the venture. It looks at the projected…

Q: Jordan took a business trip from New York to Denver. She spent two days in travel, conducted…

A: Expenses incurred while traveling away from home for business purposes are deductible if they are…

Q: Amanda Forsythe of Springfield, Missouri, must decide whether to buy or lease a car she has…

A: Here, Particulars Values Borrowing option: Purchase price  $ 30,000.00 Down payment  $…

Q: siness. While there, she spent 60% of the time on business and 40% on vacation. How much of the air…

A: Nicole can deduct the amount of airface that belongs to the business part only ,therefore in the…

Q: Gerry likes driving small cars and buys nearly identical ones whenever the old one needs replacing.…

A: Answer:- Depreciation meaning:- Depreciation is basically the decrease in the value of the fixed…

Q: Amanda Forsythe of Springfield, Missouri, must decide whether to buy or lease a car she has…

A: Financed charged is the cost of financed the item. Lease is the agreement in which one part gives…

Q: The Bourassas decide to sell a home for $410,000. They are charged a real estate commission of 7% of…

A: given  Sale Price : 410000 Commission 7% title insurance that is 1.6% of the selling price, and an…

Q: Bert spends $10.60 a day travelling to work, and a further $65 a day sending his daughter Belle to a…

A: Income tax: Income tax can be defined as the tax charged on the income of the individual and the…

Q: The Bourassas decide to sell a home for $480,000. They are charged a real estate commission of 8% of…

A: A real estate commission is a fee paid to a real estate broker or agent for their services in…

Q: Brooke bought a new car for $⁢32,000. She paid a 20% down payment and financed the remaining balance…

A: Formulas:

Q: A friend claims they purchased a new car for car for $15,000. A similar car that you purchased was…

A: Amount of car purchased by friend   =$15,000 Amount of car purchased by you      =$11,500 So , your…

Q: Art Neuner, an investor in real estate, bought an office condominium. The market value of the condo…

A: The monthly rents that the builder should charge from the tenants includes all the monthly expenses…

Q: Camila Torres wants to buy a new high-end audio system for her car. The system is being sold by two…

A: The APR of a loan refers to the interest rate that the borrower pays on the amount that has been…

Q: ordan took a business trip from New York to Denver. She spent two days in travel, conducted business…

A: To determine how much of Jordan's expenses can be deducted, we need to consider the rules for…

Q: What information is missing that is necessary for you to solve this problem? "David buys a car for…

A: A question has been stated. However information provided there are not adequate. The missing pieces…

Q: You negotiate a car price to $22,000. You must add sales tax to the purchase of 10.25% (this varies…

A: Adjusted capitalized cost is calculated by adding taxes and deducting old asset exchanged and…

Q: A couple found a house selling for $115.500. The taxes on the house are $1400 per year, and…

A: Down payment is the amount which needs to be given on the total cost of the house. It is a…

Q: O,000 per year gross. They have debt as follows: a an with $450 per month payment, a visa which…

A: Annual income=$48000 and $50000Car loan=450Visa monthly payment=100Student loan=350Price of…

Q: What is the dollar amount of the tax credit

A: A tax credit refers to a dollar for dollar reduction of the income tax owed.

Q: Maria is a wedding planner. She purchases a laserjet printer for invitations, save-the-date…

A: Fixed assets: These are the assets which were used in the business for more than one year. These…

Q: A couple found a house selling for $113,500. The taxes on the house are $1400 per year, and…

A: Here,

Q: Sonny purchased a new television that sells for $1650 including tax and delivery. He paid $350 down…

A: The monthly payment is influenced by numerous factors, including the principal amount, interest…

Q: The Tomlinsons decided to sell their home for $355,000. They are charged a real estate commission of…

A: To find out the amount the Tomlinsons receive after fees, we need to subtract the total fees from…

Q: McConnell Corporation has bonds on the market with 16.5 years to maturity, a YTM of 6.3 percent, a…

A: Bond price is the aggregate of present value of all coupon payments and present value of face value…

Q: Kristen purchased a car for $43,000; she paid $2150 as a down payment and financed the balance…

A: Here, Value of Car is $43,000 Down Payment is $2,150 Therefore, Loan Amount is : =$43,000-$2,150…

Q: Is the following expense deductible:  Data runs a computer servicing company. He purchases office…

A: All the expenses incurred in connection with the business is deductible expenses.

Q: .Link wants to make $100,000 after tax on his new venture into selling pizza-on-a-stick, using a…

A: ANSWER   1. Point of indifference is the level of volume at which total costs of two…

Q: You own a house that you rent for $1,400 per month. The maintenance expenses on the house average…

A: Market value of property is the value at which property can be sold immediately without any much…

Q: Melissa recently pod $760 for round trip airfare to San Francisco to attend a business conference…

A: Lets understand the basics.Deductible business expenses are expenses that a business incurs in order…

Motor Vehicle Insurance

Motor vehicle insurance is a contract between the insurance company that provides insurance cover and the person who owns the vehicle. According to the terms and conditions of the insurance contract, the insurance company reimburses the policyholder for losses and damages. This insurance policy covers the financial risks of the motor vehicle owner. Electronic vehicles are also covered in a vehicle insurance policy, but the insurance rate is relatively higher than other motor vehicle insurance. Motor vehicle insurance is otherwise called an automotive insurance policy.