You have gathered the following vehicle costs:Vehicle Costs$ 2,600 Annual mileage$ 960 Miles per gallon$ 1,110 Average gasoline price$Annual depreciationCurrent year's loan interest18,30024Insurance2$3.10 per gallon2$448License and registration feesParking/tolls73 Oil changes/repairs$491(a) Calculate the annual variable and fixed costs of the vehicle. (Round answer to nearest whole number.)Variable & Fixed CostsAnnual variable costAnnual fixed cost(b) Compute the operating cost per mile. (Enter your answer in cents rounded to 1 decimal place.)Operating costcents per mile

variable cost is an expense that varies based on no of miles per gallon for a vehicle fixed cost is…

You have gathered the following vehicle costs: Vehicle Costs $ 2,600 Annual mileage $ 960 Miles per gallon $ 1,110 Average gasoline price 73 Oil changes/repairs 2$ Annual depreciation Current year's loan interest 18,300 24 Insurance 24 3.10 per gallon License and registration fees Parking/tolls 448 491 (a) Calculate the annual variable and fixed costs of the vehicle. (Round answer to nearest whole number.) Variable & Fixed Costs Annual variable cost Annual fixed cost (b) Compute the operating cost per mile. (Enter your answer in cents rounded to 1 decimal place.) Operating cost cents per mile

You have gathered the following vehicle costs: Vehicle Costs $ 2,600 Annual mileage $ 960 Miles per gallon $ 1,110 Average gasoline price 73 Oil changes/repairs 2$ Annual depreciation Current year's loan interest 18,300 24 Insurance 24 3.10 per gallon License and registration fees Parking/tolls 448 491 (a) Calculate the annual variable and fixed costs of the vehicle. (Round answer to nearest whole number.) Variable & Fixed Costs Annual variable cost Annual fixed cost (b) Compute the operating cost per mile. (Enter your answer in cents rounded to 1 decimal place.) Operating cost cents per mile

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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Question

You have gathered the following vehicle costs:
Vehicle Costs
$ 2,600 Annual mileage
$ 960 Miles per gallon
$ 1,110 Average gasoline price
$
Annual depreciation
Current year's loan interest
18,300
24
Insurance
2$
3.10 per gallon
2$
448
License and registration fees
Parking/tolls
73 Oil changes/repairs
$
491
(a) Calculate the annual variable and fixed costs of the vehicle. (Round answer to nearest whole number.)
Variable & Fixed Costs
Annual variable cost
Annual fixed cost
(b) Compute the operating cost per mile. (Enter your answer in cents rounded to 1 decimal place.)
Operating cost
cents per mile

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You have gathered the following vehicle costs: Vehicle Costs Annual depreciation Current year's loan interest Insurance License and registration fees Parking and tolls Annual mileage Miles per gallon Average gasoline price Oil changes and repairs Required a a. Calculate the annual variable and fixed costs of the vehicle. b. Compute the operating cost per mile. Required b Operating cost $ 3,900 $ 1,450 $ 1,410 Complete this question by entering your answers in the tabs below. $ 66 $ 424 19,300 0.6 X 24 $ 3.40 per gallon $ 438 cents per mile Compute the operating cost per mile. Note: Do not round intermediate calculations. Enter your answer in cents rounded to 1 decimal place Answer is complete but not entirely correct. < Required a Required b D
You have gathered the following vehicle costs: Vehicle Costs Annual depreciation $ 2,800 Annual mileage 16,900 Current year’s loan interest $ 660 Miles per gallon 24 Insurance $ 1,510 Average gasoline price $ 4.65 per gallon License and registration fees $ 68 Oil changes/repairs $ 443 Parking/tolls $ 477 (a) Calculate the annual variable and fixed costs of the vehicle. (Round answer to nearest whole number.) (b) Compute the operating cost per mile. (Enter your answer in cents rounded to 1 decimal place.)
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Еxample: Determine the probable cost per hour for owning and operating a truck with rubber tires after renting it for 6 month with an option to buy it later. Make use of the following information: Actual truck cost $50000 $10000 160 hp tires cost Engine Crankcase capacity Hours between oil changes Operating factor Useful life 60 liter 80 hr 50% б уears Operating hours per year Rental period Rental charges per month Tires useful life 2000 6 months $2500 5000 hr Maintenance for truck (60% of truck's Depreciation) Maintenance for tires (15% of tires' Depreciation) Investment (12% of Average Value) Cost of fuel per liter Cost of oil per liter 0.25 $/liter 1.50 $/liter
You have just bought a new pusher dozer for your equipmentfleet. Its cost is $100,000. It has an estimated servicelife of four years. Its salvage value is $12,000.a. Calculate the depreciation for the first and second yearusing the straight-line and DDB methods.b. The IIT components of ownership cost based on averageannual value are:Tax: 2%Insurance: 2%Interest: 7%What cost per hour of operation would you charge tocover IIT?
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