Aldo Redondo drives his own car on company business. His employer reimburses him for such travel at the rate of 52 cents permile. Aldo estimates that his fixed costs per year-such as taxes, insurance, and depreciation-are $2,400. The direct or variablecosts such as gas, oil, and maintenance-average about 21.5 cents per mile.How many miles must he drive to break even? (Do not round intermediate calculations. Roundup your answer to the nextwhole number.)Break even pointmiles

Information Provided: Reimbursement = 52 cents or 0.52 Fixed costs = $2400 Variable costs = 21.5…

Answered: How many miles must he drive to break…

How many miles must he drive to break even? (Do not round intermediate calculations. Roundup your answer to the next whole number.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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PARRISH 2-7 (T-ACCOUNTS)Please show and tell me how to find the missing amounts in this T-Account. I asked this question before and the individual failed miserably at "answering" my question. I am asking not only for the answering for the missing amount in this T-Account, BUT how you solve for that missing amount. I would like it explained clearly and not through simply a shot from an Excel spreadsheet. I have attached their answer so you can see what I am referring to and how it did not help in anyway. Thank you. SALARY EXPENSELeft Side of T-Account2/1 Beginning Balance $800002/15 Transaction B $200002/28 Transaction C $6000ENDING BALANCE ??? Right Side of T-Account2/10 Transaction B $10000 ENDING BALANCE???
A woman opens an account with $6000 and then adds $2500 at the end of each 6-month period for 6 years. The account earns 4.8% interest per year, compounded every 6 months. Find the total value of the investment at the end of the 6 years. Give the answer to 2 decimal places, and do not use the $ sign in the answer box. The total value is Blank 1. Calculate the answer by read surrounding text. dollars.
My bank requires me to establish a four digit pin My bank requires me to establish a four digit pin number for my debit card. a. How many possible pin numbers can I choose from? b. What is the probability that someone can correctly guess my pin number? My bank requires me to establish a four digit pin
If the top five accounts listed on a firm’s trial balance all represent asset accounts, then which of the following statements is MOST likely accurate? Select answer from the options below 1.The values for all five accounts will appear in the debit column. 2.All five accounts should instead be listed at the bottom of the trial balance. 3.The values for all five accounts will appear in the credit column. 4.Some of the values for these accounts will appear in the debit column, while others will appear in the credit column.
using the following information can you answer question b) Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Why is my answer wrong?
So-called 6-month or 12-month same-as-cash offers allow you to pay off the whole balance within a certain time-frame and not pay any interest. This is still considered what? a. Credit b. Debt c. Lay-away d. Owed Income e. Money Order
What's New ur Read and analyze the situation below. Let's Save Michael is planning to apply for a loan in Quezon Cooperative Bank, he is already aware of the terms payment for his loan but when he is about to pass his application form and compare his computation with the terms of payment provided by the bank he notices some discrepancy. Michael's Computation Computation from the bank Amount of Loan: P100,000 Interest rate: 3% Amount of Loan: P100,000 Interest rate: 3% Due Date: After 3 years Computation: I = (100, 000)(0.03(3) Year 1 Year 2 Year 3 9272.70 eco Amt 0609 109,272.70 060'901 Int 0008 Amount to be paid after 3 years o C ag 000'6d = I 000'60I To enlighten he asked some explanations why they have different computations and the bank gave him the detailed computation: Initially at t = 0 000'00 P100,000 (1.03) = P103,000 P103,000 (1.03) = P106,090 P106,090 (1.03) = P109,272.70 at t = 1 at t = 2 at t = 3 Questions 1. Is Michael's computation correct? 2. Is the bank's computation…
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Entries for Stock Investments, Dividends, and Sale of Stock Seamus Industries Inc. buys and sells investments as part of its ongoing cash management. The following investment transactions were completed during the year: Feb. 24 Acquired 400 shares of Tett Co.'s stock for $105 per share plus a $148 brokerage commission. May 16 Acquired 1,600 shares of Issacson Co.'s stock for $26 per share plus a $80 commission. July 14 Sold 200 shares of Tett Co. stock for $117 per share less a $76 brokerage commission. Aug. 12 Sold 600 shares of Issacson Co. stock for $21 per share less a $65 brokerage commission. Oct. 31 Received dividends of $0.24 per share on Tett Co, stock. Dec. 31 At the end of the accounting period, the fair value of the remaining 200 shares of Tett Co.'s stock was $105.57 per share. The fair value of the remaining 1,000 shares of Isaacson Co.'s stock was equal to its cost of $26.05 per share. Journalize the entries for these transactions. In your computations, round per share…
A Moving to another question will save this response. Quèstion 1 Henry deposited $5,000 into an account which pays 10 percent compounded monthly, It has been 20 vears since he made that deposit. How much does he have in that account now? O $36,640.4 O $5,902.7 O $33,637.5 O None of the listed items is correct. A Moving to another question will save this response. MacBook Air 888 71 %23 $ & * 3 4 8. W E R T
What two steps are required to open an account with a zero balance? (Check all that apply)

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