Laura estimates that his car costs $290 per month in in fixed expenses, such as insurance and registration. Additionally, he calculates gas, oil, and maintenance at 16 cents per mile. Laura typically drives 1,250 miles each month on average. How much would Laura expect his total car costs to be in May if he drives 1,680 miles?
Q: Solve the problem
A: 1.1.13 Accounting: What governs the allocation of joint product costs at split-off point? b)…
Q: Question 3 Zanzibar Limited entered into a lease agreement on July 1 2016 to lease some highly…
A: According to IFRS 16, a lease is classified as a finance lease if it transfers substantially all the…
Q: General accounting question
A: Given Data:Beginning Retained Earnings (March 1, 2023): $785,000Revenues: $125,000Expenses:…
Q: Financial Accounting
A: Step 1: Definition of GMROIGross Margin Return on Investment (GMROI) is a financial metric used in…
Q: Help
A: Explanation of Fixed Costs:Fixed costs are expenses that remain constant regardless of production…
Q: What is the total standard cost for one unit of product on these general accounting question?
A: Step 1: Define Standard Cost per UnitThe standard cost per unit is the total cost incurred to…
Q: I need correct answer general Accounting question
A: Step 1: Formulas Using the straight-line method, the annual depreciation is calculated by dividing…
Q: What's the solution
A: Debt-Equity Ratio = Total Debt/Total Equity0.92 = Total Debt/520,000Total Debt = 0.92*520,000Total…
Q: subject: general accounting
A: Step 1: Define Standard Direct Labor Rate, Standard Direct Labor Hours, and Standard Labor…
Q: General Accounting
A: Step 1: Definition of Standard Cost Per UnitThe standard cost per unit includes direct material,…
Q: Need ans financial accounting question
A: Step 1: Define Plantwide Overhead RateA plantwide overhead rate is a single rate used to allocate…
Q: Solve this financial accounting problem with solution
A: Step 1: Definition of Interest Tax ShieldThe interest tax shield refers to the reduction in taxable…
Q: Remo Corp's
A: Percentage Capital Gain Calculation The **capital gain percentage** is calculated using the formula:…
Q: not use ai solve this question do fast
A: Step 1: Definition of Gross ProfitGross profit is the difference between net sales and the cost of…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Sales AllowancesSales allowances refer to reductions in the selling price…
Q: (a) A property lease includes a requirement that the premises are to be repainted every five years…
A: (a) Provision for Cost of RepaintingThe lessee's choice to amortize the estimated cost of repainting…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Gross ProfitGross profit is the difference between net sales and the cost of…
Q: What is the net income for this company
A: Step 1: Definition of Net IncomeNet Income is the amount of profit a company earns after deducting…
Q: What is the cost of capital on the financial accounting question?
A: Step 1: Definition of Cost of CapitalThe Cost of Capital is the weighted average of the costs of…
Q: Don't want AI answer
A: Step 1: Points Highest point = March - $4,500,000 at 50,000 unitsLowest point = January - $2,500,000…
Q: please solve this problem
A: Step 1: Gross Profit is the amount left after paying cost of goods sold from sales revenue. Gross…
Q: What is the income tax expense in year 4 of this financial accounting question?
A: Step 1: Introduction to capital budgetingCapital budgeting refers to the process of analyzing…
Q: Hi expert please give me answer general accounting question
A: Step 1: Pretax income Pretax income = Sales x Pretax profit marginPretax income = $840,000 x…
Q: none
A: Income Taxes Payable - This is the total amount of taxes due to the government for the year,…
Q: provide correct answer accounting questions
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) measures a company's ability to…
Q: help me to solve this question
A: 1. Calculate the total cost of your purchase:380 shares * $77.25/share = $29,3552. Calculate the…
Q: choose best answer please
A: Step 1: Definition of Average Cost Per ScooterThe average cost per unit includes both direct costs…
Q: What is the correct answer general accounting question
A: Step 1: Define Adjusted Basis and Capital ImprovementsThe Adjusted Basis of an asset represents its…
Q: Hii, Tutor Give answer to this Problem
A: Concept of Manufacturing OverheadManufacturing overhead refers to all indirect costs associated with…
Q: hi expert please help me
A: Solution:Step 1: Determine Wholesaler's Selling PriceJersey sells to wholesalers at $250.00 per…
Q: I want to correct answer general accounting question
A: Step 1: Definition of Equivalent Units of Production (FIFO Method)Equivalent units of production…
Q: Please give me correct answer this financial accounting question
A: Step 1: Definition of Earnings Per Share (EPS)Earnings Per Share (EPS) is a financial metric that…
Q: correct answer please
A: Base year margin for trend analysis = 2010 Gross Margin = $40,000 2011Trend Percentage = (Gross…
Q: i want to correct answer
A: Step 1: Definition of Corporate Taxable IncomeCorporate taxable income is the amount of a company's…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Absorption Costing vs. Variable CostingAbsorption costing includes all…
Q: Find the correct answer with calculation
A: Step 1: Definition of Capitalized Cost of an Office BuildingThe capitalized cost of an office…
Q: Solve this question
A: Calculate the return on assets (ROA):This is done by dividing the net income by the average total…
Q: quick answer of this accounting questions
A: Step 1: Definition of MarkupMarkup refers to the percentage increase applied to the cost price of a…
Q: How much gross profit
A: To determine the required gross profit, we use the gross profit formula: Gross Profit=Net…
Q: can you please solve this answer
A: Step 1: Definition of the Accounting EquationThe accounting equation is the fundamental framework of…
Q: Get correct solution this financial accounting question
A: Step 1: Define Payback PeriodThe payback period is the time required for an investment to recover…
Q: Step by step answer
A: Problem 1.1: Cost of Goods Manufactured (COGM)The cost of goods manufactured (COGM) is…
Q: Calculate the amount of gross profit on these financial accounting
A: Step 1: Definition of Gross ProfitGross profit is the financial metric that represents the…
Q: Ans
A: Total selling amount = Selling price*No. of sharesTotal selling amount = 40.75*100Total selling…
Q: Apsara Beverages Co. uses process costing to account for the production of bottled sports drinks.…
A: Explanation of Cost Per Equivalent Unit:Cost per equivalent unit represents the cost assigned to…
Q: Compute the applied manufacturing overhead.....
A: Step 1: Definition of Applied Overhead and Over/Underapplied OverheadApplied Overhead refers to the…
Q: hello tutor please help me
A: Compute the variable cost ratio.Variable cost ratio = (Variable costs / Sales) x 100%Variable cost…
Q: financial account
A: Step 1: Definition of Gross Profit Margin (GPM%) and Markup on Cost PercentageMark-up is the cost…
Q: The total of the manufacturing overhead costs listed
A: Explanation of Manufacturing Overhead:The Manufacturing Overhead consists of all indirect costs…
Q: Can you please solve this general accounting question?
A: Step 1: Define Absorption CostingAbsorption Costing is a method where all manufacturing costs,…
Solve this Accounting problem


Step by step
Solved in 2 steps

- 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?Aldo Redondo drives his own car on company business. His employer reimburses him for such travel at the rate of 45 cents per mile. Aldo estimates that his fixed costs per year-such as taxes, insurance, and depreciation-are $2,000. The direct or variable costs- such as gas, oil, and maintenance-average about 18.5 cents per mile. How many miles must he drive to break even? Note: Do not round intermediate calculations. Roundup your answer to the next whole number. Break even point milesAldo Redondo drives his own car on company business. His employer reimburses him for such travel at the rate of 52 cents per mile. Aldo estimates that his fixed costs per year-such as taxes, insurance, and depreciation-are $2,400. The direct or variable costs 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 next whole number.) Break even point miles
- Brooke bought a new car for $32,000. She paid a 20% down payment and financed the remaining balance for 48 months with an APR of 4.3%. Assuming she made monthly payments, determine the total cost of Brooke's car. Round your answer to the nearest cent, if necessary.Angela's monthly disposable income is $3,188. She has monthly expenses of $2,869 (including recreational expenses of $404) and net cash flow of $319 per month. Angela makes a budget based on her personal cash flow statement. In two months, she must pay $389 for tags and taxes on her car. How much can Angela expect to save in the next 12 months?Lori earns $3,898 per month. She has a monthly rent payment of $980 along with average credit card payments of $325 and student loan payments of $250. She wants to finance a car but needs to determine her maximum car payment to keep her back end DTI at 39%. What would this payment be?
- Abdul works full-time in a bookstore. He earns a take-home salary of $580 a week. His expenses are $770 a month for rent and utilities, $41 a month for his cell phone, $80 a week for groceries, and $150 every two weeks for miscellaneous expenses. How much can Abdul save each month?Vashti has a suburban home within walking distance of the railroad. She commutes to work in the city at a cost of $366.50 a month. She also rents a car every weekend, which costs $450 a month including insurance and fuel. She is considering purchasing a new car for cash to replace commuting and rental costs. It would cost $22,000, get 31 miles per gallon, and have an estimated resale value of $8,000 after five years. After buying this car, Vashti would drive 20,000 miles per year and have maintenance and repairs of $1,400 per year, insurance of $1,500 per year, and fuel costs of $2.50 per gallon. Assume that all costs occur at the end of the year and that she sells the car at the end of the fifth year. If Vashti's discount rate is 7 percent after tax, should she purchase the car?Sebastian sells cars for a living. Each month, he earns $1,400.00$1,400.00 of base pay, plus 11.3%11.3% of commission from his sales. One month, Sebastian made $44,400.00$44,400.00 in sales. How much income did he earn in total in that month?
- Martin and her girlfriend took a week off from work to spend some time in a cottage in Mont-Tremblant. The weekly rent of the cottage was $1000. They spent about $200 in gasoline for the round trip. Meals and parking bill summed up to $500. Had the couple not gone for this mini-vacation, each of them would have earned $1000. The opportunity cost for the couple of taking this vacation is Select one: A. $3700. B. $2700 C. $1700 D. $2000 E. $0. Martin and her girlfriend took a week off from work to spend some time in a cottage in Mont-Tremblant. The weekly rent of the cottage was $1000. They spent about $200 in gasoline for the round trip. Meals and parking bill summed up to $500. Had the couple not gone for this mini-vacation, each of them would have earned $1000. The opportunity cost for the couple of taking this vacation is Select one: A. $3700. В. $2700 C. $1700 D. $2000 E. $0.Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $36,000. The object is to save on horse transporter rentals. Marsha had been renting a transporter every other week for $201 per week plus $1.05 per mile. Most of the trips are 90 miles in total. Marsha usually gives the driver a $45 tip. With the new transporter she will only have to pay for diesel fuel and maintenance, at about $.46 per mile. Insurance costs for Marsha’s transporter are $1,250 per year. The transporter will probably be worth $16,000 (in real terms) after eight years, when Marsha’s horse Nike will be ready to retire. Assume a nominal discount rate of 10% and a forecasted inflation rate of 4%. Marsha’s transporter is a personal outlay, not a business or financial investment, so taxes can be ignored. Hint: All numbers given in the questions are in real terms. Assume CF at end of year, for simplicity. Calculate the NPV of the investment. (Do not round intermediate calculations.…Amanda must decide to buy or lease a car that she has selected. She has negoiated a purchase price of $35,000 and can borrow money from her credit union by putting $3,000 down and paying $751.68 per month for 48 months at 6% APR. Alternatively, she could lease the car for 48 months at $495 per month by paying $3,000 capitalized cost reduction and a $350 dispostition fee on the car whic is project to have a residual value of $12,100 at the end of the lease. 1. What is the buying dollar cost? 2. What is the leasing dollar cost?