In discussing the operation of her automobile, a doctor once observed that gasoline is a fixed cost because the cost per galion is relatively stable. Insurance, on the other hand,is a variable cost because the cost per mile varies inversely with the number of miles driven. Comment on the doctor's observation.

Q: Should buyers of energy-efficient motor vehicles receive large rebates funded by fees levied on gas…

A: The capability to renew the resources makes renewable resources dissimilar from other non-renewable…

Q: What are the costs of getting a second used car? List at least three. G

A: Costs of the asset are the costs which are associated and attached with the asset which has been…

Q: Kylie's Cookies is considering the purchase of a larger oven that will cost $2,200 and will increase…

A: Income Statement: An income statement helps organizations in calculating the profits or losses…

Q: A car was rented from a driving rental agency, the agency states that the charges will depend on the…

A: Answer: Concept: Whenever there is choice question, the best alternative with high benefit must be…

Q: In terms of costing, how would car makers will solve the problem of having cheap cars dissapear?

A: Manufacturing processes area unit generally complicated and consume giant amounts of resources.…

Q: 5. Suppose you only have one neighbor and that she enjoys loud music such that her benefit from…

A: Given in the question, TB= 30dB- 0.12dB2 ( benefit from loudness) where dB is the unit used to…

Q: Describe two advantages of leasing a car over buying one. Select all that apply. O A. When the lease…

A: Lease refers renting of an asset. Leasing companies finance the vehicle that a person wants to buy,…

Q: please answer correctly: 15. Your small remodeling business has two work vehicles. One is a small…

A: Let's take a closer look at the computations for these two questions. 15. We compare the costs of…

Q: Earns the median salary for a museum curator, $50,000. Is 40 years old and hasn't started saving for…

A: First, we need to calculate how much income Lucia would need in retirement to maintain 72% of her…

Q: The value index for Honda Enigma is (Enter your response as a whole number) The value index for…

A: The value index is the index which is used after all the factors are taken into consideration in…

Q: Please indicate which of the following are relevant costs for decision making.  Also indicate if the…

A: Sun cost is the cost that has been incurred.  Opportunity cost is the cost where the benefit of one…

Q: Tracy is unsure how much to charge for the cupcakes.  When she was making the cupcakes by herself…

A: Product cost are those cost that are directly related in manufacturing the product. It includes raw…

Q: [The following information applies to the questions displayed below.] Bargain Rental Car offers…

A: Fixed costs are costs that are independent of volume. Fixed costs are based on time rather than the…

Q: The worth of consumer's house is 160, and her utility function is u(w) = √w. The probability of…

A: First, we need to calculate the expected utility without insurance. The expected utility is the sum…

Q: survive. In addition to death, however, one could also say that self-sufficiency is boredom or…

A: Trade is considered  beneficial for   people across the globe as they help the consumer to choose…

Q: You are trying to decide if you are going to drive or fly to San Diego, California for your upcoming…

A: While deciding whether to drive or fly to San Diego Cost of plane ticket is important Because it…

Q: For Patricia, one of the most exciting aspects of landing a full-time job was being able to buy a…

A: There are many alternative strategies to run a business. In decision-making cost which is directly…

Q: Your three year-old child is very sick. The local doctors can’t figure out what’s wrong; they give…

A: As per Schedule A taxpayer can deduct expense paid for medical and dental care for self, spouse and…

Q: Assume you are in the market for a luxury car. You encounter your salesperson “Billy”, who is…

A: Purchasing a new automobile has higher initial depreciation but often comes with the newest…

Q: Please help! Thank you Assume you have just accepted a job t Because your current car is on its…

A: Depreciation is recorded as an expense on the income statement and as accumulated depreciation on…

Q: Question: 1. Adam is confused. He does not understand why rent on his apartment is a fixed cost and…

A: Let's break down the difference between fixed costs and mixed costs:Fixed Costs:Definition: Fixed…

Q: Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $145 for a…

A: Mark up are important for business and companies because they can not survive without profit and…

Q: Comparing payments and APRs of financing alternatives. Because of a job change, Finn McBryde has…

A: 1.

Q: For Lisa, one of the most exciting aspects of landing a full-time job was being able to buy a…

A: The costs which are changed or affected based on the decision of accepting or rejecting a proposal…

Q: what must the residual value be at the end of the lease in 4 years for your firm to earn 9% on the…

A: Lease refers to a contract between two parties under which one party who is the real owner of an…

Q: Determine the payback period of the incremental investment if gasoline costs $3.50 per gallon   B.…

A: Payback Period: It is the period in which the initial cost of the project is recovered. Hence, the…

Q: Khanyi is currently considering the possibility of setting up her own health spa in Greenpoint. She…

A: Here discuss about the details of revenue and expenses which are incurred in the hospitality…

Q: All else being equal, if an average family's income were to decrease because of the elimination of a…

A: If average family's income is reduced then family will start cutting the cost and therefore avoid…

Q: John Rossini works for a Ford dealership.  Alice Field is shopping for a Taurus.  She would like the…

A: To understand the situation better, we need to workout with the help of example. Let us assume that…

Q: Camper and equipment: Cost, $12,000; usable for eight seasons; 10 hunting trips per season... Travel…

A: Relevant Cost: Relevant cost are cost due to which decision can be changed. This cost is relevant to…

Q: You are trying to decide which of the two automobiles to buy. The first is American-made costs…

A: Data given:: Cost of 1st car            = $14288  (American-made) Mileage of 1st  car     = 27…

Q: if car washes have a contribution margin of 75% and their price is decreased by 5%, will the…

A: In accounting, profit is the amount of money given to the owner of a successful market production…

Q: Noora is considering selling her store’s old equipment to Rashid. Rashid would like to pay 1000 Rial…

A: Historical Cost:-As per this principle according to the US GAAP, assets should be recorded in the…

Q: Kylie's Cookies is considering the purchase of a larger oven that will cost $2,200 and will increase…

A: Selling Price, Variable Cost and Fixed Cost Change Analysis   With CurrentPrice With DecreasedVC…

Q: Kylie's Cookies is considering the purchase of a larger oven that will cost $2,200 and will increase…

A: Break Even Point = Fixed Costs/Contribution

Q: the probabilities are, respectively 0.09, 0.15, 0.21, and 0.2: rchasinganew automobile will choose…

A: a) that is green or red. Or means ADD: Add all the probabilities. (0.09)+(0.51)+(0.21)+(0.23)=0.68…

Q: The following is an excerpt from a conversation between Mark Loomis and Krista Huff. Mark is…

A: Determine the company that offers the best buy.

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.