Your company can buy a new car for $36,000, with a daily operational cost of $25. You can also lease the car at a cost of $100 per day. How long will it take for the lease cost to be the same as the purchase cost? 18 days 48 days 180 days 480 days

Your company can buy a new car for $36,000, with a daily operational cost of $25. You can also lease the car at a cost of $100 per day. How long will it take for the lease cost to be the same as the purchase cost? 18 days 48 days 180 days 480 days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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		18 days
		48 days
		180 days
		480 days

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