question 23A company has purchased a car, to be provided to an employee as a company car. The list price is £27,000 and factory fitted accessones cost an extra £3,000 They negotiate a discountand actually pay £25.000 What cost is used when computing a car benefit?ⒸA.£30,000OB.£25,000OC.£27,00000.124,600monse

The benefit-cost ratio indicates the relationship between the cost and benefit of an investment…

cestion 23 A company has purchased a car, to be provided to an employee as a company car. The list price is £27,000 and factory fined accessones cost an extra £3,000 They negotiate and actually pay £25.000 What cost is used when computing a car benefit? OA.£30,000 OB£25,000 OC£27,000 0.124.600

cestion 23 A company has purchased a car, to be provided to an employee as a company car. The list price is £27,000 and factory fined accessones cost an extra £3,000 They negotiate and actually pay £25.000 What cost is used when computing a car benefit? OA.£30,000 OB£25,000 OC£27,000 0.124.600

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Exercise 12-11 (Algo) Estimating costs based on behavior patterns LO 3 Larry estimates that the costs of insurance, license, and depreciation to operate his car total $450 per month and that the gas, oil, and maintenance costs are 39 cents per mile. Larry also estimates that, on average, he drives his car 2,000 miles per month. Required: a. How much cost would Larry expect to incur during April if he drove the car 1,519 miles? (Round your answer to 2 decimal places.) b. Would it be meaningful for Larry to calculate an estimated average cost per mile for a typical 2,000-mile month?multiple choice Yes no
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