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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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation

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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.)
Based on the data provided here, calculate the items requested: (LO 6.2) Annual depreciation, $2,500 Annual mileage, 13,200 Current year’s loan interest, $650 Miles per gallon, 24 Insurance, $680 License and registration fees, $65 Average gasoline price, $3.50 per gallon Oil changes/repairs, $370 Parking/tolls, $420 The total annual operating cost of the motor vehicle. The operating cost per mile.
Complete the following table: Purchase price of product Landcruiser Down payment Amount financed Number of monthly payments Amount of monthly payments Total of monthly payments Total finance charge $85,000 $60,000 72 $420
Looking for relevant cost when leasing a vehicle at $330 a month, plus $2 per mile over 10.000 miles per year, 2 year lease, insurance is $210 per month, operating cost is $0.20 per mile, and expected mileage is 17,700. What is the relevant cost?
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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
Oak Island Amusements Center provides the following data on the costs of maintenance and the number of visitors for the last three years. Number of Visitors per Year(thousands) Maintenance Costs($000) 1,830 $ 2,316 2,010 2,559 2,700 3,360 Required: a. Use the high-low method to estimate the fixed cost of maintenance annually and the variable cost of maintenance per visitor. (Enter your answers in dollars not in thousands of dollars. Round "Variable cost" answer to 2 decimal places.) b. The company expects a record 2,000,000 visitors next year. What would be the estimated maintenance costs? (Enter your answer in dollars not in thousands of dollars.)
E5-17 (Algo) Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1, 5-5) Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Required 1 Required 3 Variable costs Fixed costs 515 $ 72,615 149,300 $ 221,915 Number of Canoes Produced and Sold Total costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $505 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 865 canoes. Complete the contribution margin income statement for the company. Required 4 Total cost per unit 7 7 Complete the table. Note: Round your cost per unit answers to 2 decimal places. $ $ 665 $ 7 515 72,615 149,300 221,915 $ 815 0.00…
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