You just bought a motorcycle for $15,000. You plan to ride the motorcycle for two years, and then sell it for $9,000. During this two- year period, you expect to ride the motorcycle 30,000 miles each year, and you expect the motorcycle to get 50 miles per gallon of gasoline. The annual cost of insurance is $1,800, registration costs are $300 (good for two years), and the price of gasoline is $2.20 per gallon. During this same two-year period, you will need to service your motorcycle 8 times, at $150 per service check, and obtain 8 oil changes. Each oil change costs $35. You will also need to replace your tires 2 time(s) during this two-year period, and each time you replace your tires, it costs $400. a. Calculate the total fixed cost, total variable cost, and cost per mile for the two-year period, and then complete the table below. Instructions: Round your answers for total fixed cost and total variable cost to the nearest whole number. Round your answer for cost per mile to two decimal places. Total Fixed Cost Total Variable Cost Cost per Mile $ S $
Answers
The total fixed cost is $15,300, the total variable cost is $6,720, and the cost per mile is $0.112 for the two-year period of owning and operating the motorcycle.
To calculate the total fixed cost, we consider expenses that remain constant over the two-year period. In this case, the purchase price of the motorcycle ($15,000) and the registration costs ($300) are fixed costs. Adding these values together gives a total fixed cost of $15,300.
The total variable cost includes expenses that vary based on usage and maintenance. In this scenario, the variable costs include insurance ($1,800 per year), gasoline expenses, servicing, oil changes, and tire replacements. Let's calculate each component:
Gasoline Cost:
Miles ridden per year: 30,000
Miles ridden over two years: 2 * 30,000 = 60,000 miles
Gasoline consumption per mile: 50 miles per gallon
Total gallons consumed: 60,000 / 50 = 1,200 gallons
Gasoline cost: 1,200 * $2.20 = $2,640
Servicing and Oil Changes:
Number of services: 8
Cost per service: $150
Total servicing cost: 8 * $150 = $1,200
Number of oil changes: 8
Cost per oil change: $35
Total oil change cost: 8 * $35 = $280
Tire Replacements:
Number of tire replacements: 2
Cost per tire replacement: $400
Total tire replacement cost: 2 * $400 = $800
Total variable cost: Insurance ($1,800) + Gasoline cost ($2,640) + Servicing cost ($1,200) + Oil change cost ($280) + Tire replacement cost ($800) = $6,720
Cost per mile: Total variable cost ($6,720) / Miles ridden over two years (60,000 miles) = $0.112 per mile
In summary, the total fixed cost is $15,300, the total variable cost is $6,720, and the cost per mile is $0.112.
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Related Questions
The picture is above, I’ll mark as brainliest
Answers
Answer:
c
i could not see the ful image until now srry
pls give brainliest i need for new rank
Explanation:
Logan has $3.15 worth of dimes and quarters. he has twice as many dimes as quarters. determine the number of dimes and the number of quarters that logan has.
Answers
Computation by the help of system of equations of the number of dimes and the number of quarters that Logan has: 14 dimes and seven quarters
What is system of equations?From the question, we have the following parameters that can be used in our computation:
Worth of coins = $3.15Type of coins = Dimes and quartersTwo times as many dimes as quartersRepresent the dimes with d and the quarters with qSo, we have the following representationd = 2qWhen the dimes and quarters are converted to dollars, we have the following representationsDimes = $0.10
Quarters = $0.25So, we have the following representation
0.10d + 0.25q = 3.15
Recall that
d = 2q
So, we have
0.10 * 2q + 0.25q = 3.15
Evaluate the products
0.45q = 3.15
Divide both sides by 0.45
q = 7
Recall that
d = 2q
So, we have
d = 2 * 7
Evaluate
d = 14
Hence, the number of dimes is 14.
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When PepsiCo purchased Frito-Lay and expanded its operations into the snack-food business, it was pursuing a ________ strategy.
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PepsiCo was pursuing a diversification strategy when he purchased Frito-Lay and expanded its operations into the snack-food business.
What is diversification?Diversification method is used by investors to minimize the risks associated with one single class of assets investment over a long period of time.
Diversification is an investment strategy that mixes a wide variety of investments from different categories within a portfolio.
Hence, PepsiCo was pursuing a diversification strategy when he purchased Frito-Lay and expanded its operations into the snack-food business.
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The
management of a sugar manufacturing company sets aside a sum of $50,000 in its budget for the purchase of new
machinery that would double the production. In the given scenario, the management is in the process of planning the
of the company
operating budget
Ofinancial budget
Omarketing budget
Ostatic budget
Answers
Answer: operating budget
Explanation:
In the given scenario in the question, we can deduce that the management is in the process of planning the operating budget of the company.
The operating budget simply refers to the money that's needed by the company for it to run efficiently. It is made up of the manufacturing costs, sales budget, selling expenses, and the administrative expenses.
4. People in the organisations carry out diverse tasks with the aim to achieve
(a) Different objectives
(b) Common objectives
(c) Both of the above
(d) None of the above
Answers
Answer:
(b) Common objectives
Explanation:
People and departments in an organization perform different functions, but all focus on achieving its objectives. An organization's top management sets the goals and targets for a particular period. It then identifies specific actions that need to be accomplished to achieve the set goals.
The identified actions are distributed to various departments for implementation. Each department will break down its activities into small tasks and assign them to individual workers. Every employee will be working to achieve their set objectives. If all workers achieve their targets, the departments will meet their objectives, and so is the organization's goals.
What is an accurate definition of experience?
the collection of things a person has done
a natural ability a person is born with
a subject a person would like to learn more about
the factors that have influenced a person throughout life
Answers
Answer: A)the collection of things a person has done
Explanation: just answered it EDGE 2021
Answer:
A on edge
Explanation:
1. Lisa Company is preparing a cash budget for June. The company has$120,000cash at the beginning of June and anticipates$300,000in cash receipts and$345,000in cash disbursements during June. Lisa Company has an agreement with its bank to maintain a cash balance of at least$100,000. As of May 31 , the company owes$150,000to the bank. To maintain the$100,000required balance, during June how much the company should borrow?(20p)
a) Borrow$45.000
b) Borrow$25.000
c) Borrow$100.000
d) Borrow$75.000
Answers
This is not enough to meet the required cash balance of $445,000. Therefore, the company will need to borrow:$445,000 - $420,000 = $25,000 Therefore, the answer is option (b) Borrow $25,000.
What is cash ?Cash refers to physical currency and coins, as well as balances in bank accounts that can be accessed immediately or within a short period of time. It is a liquid asset that individuals and businesses use to pay for goods and services, as well as to settle debts and obligations. Cash is an important component of a company's financial health, and managing cash effectively is crucial for its survival and growth. Cash flow refers to the movement of cash in and out of a company, and cash management involves monitoring and optimizing the inflow and outflow of cash to ensure that a company has enough liquidity to meet its financial obligations.
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a fixed-price contract is useful and appropriate when
Answers
cell division in both bacterial and eukaryotic cells produces genetically cells.
Answers
Genetically identical cells are produced during bacterial and eukaryotic cell division. Actions that take place while the bacterial chromosomes segregate during binary division.
What happens during the cycles of eukaryotic and prokaryotic cell division?Almost all cells undergo cell division as part of their life cycle. Cell division is the process through which a single cell splits into two different cells. Binary fission is the method used for most bacterial cell divisions. Mitosis and cytokinesis are the two main stages of cell division in eukaryotes.
How do bacterial and eukaryotic cell divisions differ from one another?Two different types of cell division mechanisms exist in eukaryotes. A vegetative cell division called mitosis and a reproductive cell division called meiosis are both present in eukaryotic cells.
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One means that is considered to improve the effectiveness of outside directors is:_____.
Answers
One means that is considered to improve the effectiveness of outside directors is increasing their independence from the company they oversee.
To enhance the effectiveness of outside directors, increasing their independence from the company is often seen as a crucial factor. Independence ensures that outside directors are able to provide unbiased judgments and make decisions in the best interest of the company and its shareholders.
By being independent, outside directors are less likely to have conflicts of interest or be influenced by internal pressures, allowing them to act as objective overseers and provide valuable insights.
Independence can be achieved by various means, such as having a sufficient number of independent directors on the board, ensuring that outside directors do not have any significant financial or personal relationships with the company or its executives, and establishing strong corporate governance practices that support the independence of outside directors.
This independence allows outside directors to exercise their fiduciary duties effectively, ask critical questions, challenge management decisions, and provide an external perspective that can contribute to better decision-making and overall corporate governance.
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The cost to manufacture shoes decreases. Which statement describes the expected outcome?
Supply of the shoes will decrease, and market price will decrease.
Supply of the shoes will decrease, and market price will increase.
Supply of the shoes will increase, and market price will decrease.
Supply of the shoes will increase, and market price will increase.
Answers
The statement that describes the expected outcome is: c. Supply of the shoes will increase, and market price will decrease.
What is supply?Supply can be defined as the amount of goods or product produce that is available for buyers to buy or purchase.
If the cost of production is lower ,this will lead to increase in production as companies will be able to buy more materials and the outcome of this is that the market price of goods or product will reduce because the cost to manufactures has reduced.
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Answer: Supply of the shoes will increase, and market price will decrease.
Explanation:
What do you mean by traditional professional? explain with explain.
Answers
pro·fes·sion
noun
1. a paid occupation, especially one that involves prolonged training and a formal qualification.
"his chosen profession of teaching"
synonyms:
career, occupation, calling, vocation, métier, line (of work), walk of life, job, business, trade, craft;
informalracket
"his chosen profession of teaching"
2. an open but often false declaration or claim.
"a profession of allegiance"
synonyms:
declaration, affirmation, statement, announcement, proclamation, assertion, avowal, vow, claim, protestation;
formal averment
"a profession of allegiance"
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Related Questions (More Answers Below)
Who would be called upon to fix the following problem? The network at the U.S. embassy in Brazil has suddenly crashed.
Diplomatic Security Special Agent
information Management Specialist
Foreign Service Officer
economic Officer
Answers
An information management specialist would be the one to fix an issue with a network.
Cost-volume-profit analysis can be used by management to predict how changes in costs and sales levels affect profit. false:
true:
Answers
The given statement " Cost-volume-profit analysis can be used by management to predict how changes in costs and sales levels affect profit" is True (because Cost-volume-profit analysis is a management tool that helps predict how changes in costs and sales levels affect profit).
This analysis considers the interrelationship between fixed costs, variable costs, selling price, and the sales volume to determine the break-even point, where the revenue equals the total costs, and the profit margin. It is an important tool for businesses to make informed decisions on pricing, production, and marketing strategies.
By performing a cost-volume-profit analysis, management can identify the level of sales necessary to achieve a target profit, determine the impact of cost changes on profit, and evaluate different pricing scenarios to maximize profit. This analysis can also help in setting sales goals and making decisions about the production capacity of the business.
Overall, cost-volume-profit analysis is a valuable tool that can assist management in making informed decisions that maximize profitability and ensure the long-term success of the business.
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State a reason to justify that marketing is a beneficial concept.
Answers
Answer: marketing is beneficial to customers because they can receive lower price they can receive new and improved products and it is also beneficial to the business because it allows businesses to maintain long-lasting and ever-present relationships with their audience
which is a form of Malware?
a :clickjacking
b: spam
c:cookies
d: trojan horse
Answers
Answer:
D. Trojan Horse, nice to know some computer lab info of mine didn't go to waste
Explanation:
which company created several different websites to respond to sensitive cultural differences?
Answers
One company known for creating several different websites to respond to sensitive cultural differences is Airbnb.
In order to cater to various cultural norms, preferences, and sensitivities across different regions, Airbnb has developed separate websites and platforms for specific markets. These localized websites take into account factors such as language, design, user experience, and content to ensure they are culturally appropriate and resonate with local users. By tailoring their platforms to specific cultures and regions, Airbnb aims to provide a more personalized and inclusive experience for their users worldwide.
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The United States enjoys a free market economy in which _____.
(A)most economic decisions are made by the central government
(B)the states have all of the authority to make economic decisions regarding businesses that do not operate across state lines
(C)most economic decisions are allowed to occur naturally as a result of market changes made by government intervention
(D)none of the above
(E)all of the above
Answers
what is the difference between a supermarket and a hypermarket
Answers
Super market are big but hypermarket is much bigger and it offers big ticket items such as appliances
If a stadium sells 40,000 seats sold at $20, $22.50, and $25 and $28 equally distributed in four sections, how much can be made if the stadium sells out?
Answers
section B = 14,900 seats
section C = 7,600 seats
Amount of stadium sells out is $955,000
Given:
Number of stadium sells = 40,000
Four section cost = $20 , $22.5 , $25 , $28
Find:
Amount of stadium sells out
Computation:
Average price = [20 + 22.5 + 25 + 28] / 4
Average price = [20 + 22.5 + 25 + 28] / 4
Average price = 95.5 / 4
Average price = $23.875
Amount of stadium sells out = Number of stadium sells × Average price
Amount of stadium sells out = 40,000 × $23.875
Amount of stadium sells out = $955,000
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If you have $600 and you find an investment that annually yields 3%, how much interest would you earn in 15 years?
Answers
Answer:
$270.00 in 15 years
Explanation:
3% of $600 = $18.00 annually
$18.00 x 15 years = $270.00 interest earned
what is the probable reason that an entry-level resume is more likely to spend significant time outlining volunteering experience?
Answers
The probable reason that an entry-level resume is more likely to spend significant time outlining volunteering experience is because they have little to no work experience to include.
What is an entry-level resume?An entry-level resume is a resume written by an individual who has recently graduated from college or high school and is seeking employment for the first time. As a result, this type of resume is normally simple and straightforward since the individual has limited work experience to include.
Entry-level resumes typically spend more time discussing volunteering experience since they are more likely to have volunteered than someone with a lot of professional experience. This is due to the fact that many people volunteer when they are young in order to gain work experience and make themselves more employable.
Volunteering, on the other hand, helps to establish new abilities, network with individuals in the field, gain experience in the job, and work for a cause that is important to them. All of these are crucial for individuals who are just starting out in their careers.
Therefore, an entry-level resume is more likely to devote significant time to volunteering experience, which is a vital aspect of their professional development.
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What are 4 reasons why you should print, save, or make a copy of your job application???
Answers
Answer:
Be Prepared. Make sure you know the correct names, dates, places and other information you will need
determine the number of $7$-digit positive integers that have the property that their digits are in non-decreasing order, from left to right.
Answers
There are 84 different 7-digit positive integers with digits in non-decreasing order from left to right.
Let's dive deeper into the details below.
To determine the number of 7-digit positive integers with non-decreasing digits from left to right, we can use a technique called stars and bars.
Consider each digit as a 'star' and six 'bars' that separate the digits. For example, the number 1123456 can be represented as * | * | ** | * | * | * | * (1 | 1 | 23 | 4 | 5 | 6). We want to distribute these stars (digits) in 10 containers (0 to 9) without changing their order.
There are 9 bars (10 - 1) that separate these 10 containers. We need to select 6 bars (7 - 1) from these 9 bars to create our 7-digit number. We can use the combination formula for this, which is:
C(n, r) = n! / [r! * (n - r)!]
In our case, n = 9 and r = 6, so:
C(9, 6) = 9! / (6! * (9 - 6)!) = 84
So, there are 84 different 7-digit positive integers with digits in non-decreasing order from left to right.
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Expliquen la siguiente frase:
El mero crecimiento económico no es suficiente para terminar con la pobreza y preservar el medio ambiente
Answers
Answer:
Efectivamente, el mero crecimiento económico no es suficiente para terminar con la pobreza y preservar el medio ambiente, sino que dicho crecimiento debe ir acompañado de un desarrollo estructural que contemple el acceso igualitario a los distintos servicios por parte de la sociedad, así como también el establecimiento de controles sanitarios y medioambientales que preserven el bienestar de los individuos en el marco del desarrollo de las actividades económicas.
donnie changed his behavior from a dysfunctional to a functional one, and his manager then removed an undesired outcome. this is known as
Answers
The correct answer is (C) "negative reinforcement", which refers to the removal of an undesired outcome (in this case, the dysfunctional behavior) as a result of a change in behavior (from dysfunctional to functional.
The removal of an undesired outcome is to increase the likelihood of the functional behavior occurring again in the future.
In this scenario, Donnie's manager used negative reinforcement by removing an undesired outcome (which may have been a punishment or negative consequence for his dysfunctional behavior) after Donnie changed his behavior to a functional one. This increases the likelihood that Donnie will continue to exhibit the functional behavior in the future because he has learned that it leads to a positive outcome (the removal of the undesired outcome).
This is a common method used in behavior modification to reinforce desired behaviors and decrease undesired ones.
This question should be provided with answer choices, which are:
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what was he effect of Amazon on the local economy in the 2010's
. How did technology help this company gain dominance?
Answers
Positive Effects of Amazon on the local economy in the 2010s are Job Creation, Economic Growth, Innovation, and Technological advancement. Negative Effects are Disruption of Traditional Retail, Labor and Working Conditions, etc.
Amazon's impact on the local economy in the 2010s can be described as significant and transformative. The company's rapid growth and expansion had both positive and negative effects on various aspects of the local economy.
Positive Effects:
Job Creation: Amazon created a substantial number of jobs, both directly within its fulfillment centers, customer service centers, and corporate offices, and indirectly through its network of third-party sellers and delivery partners. This contributed to employment opportunities and economic growth in the regions where Amazon established its operations.
Economic Growth: Amazon's presence stimulated economic activity in the form of increased consumer spending, business-to-business transactions, and investments in infrastructure. Local businesses benefitted from increased sales through Amazon's marketplace platform.
Innovation and Technological Advancements: Amazon's emphasis on technology and innovation influenced the local economy by fostering a culture of entrepreneurship and driving advancements in logistics, e-commerce, cloud computing, and artificial intelligence. This created opportunities for tech startups and contributed to the overall technological development of the region.
Negative Effects:
Disruption of Traditional Retail: The rise of Amazon posed a challenge to brick-and-mortar retailers, particularly small businesses. Many local retailers struggled to compete with Amazon's vast product selection, competitive pricing, and convenient online shopping experience, leading to closures and job losses in the retail sector.
Labor and Working Conditions: Amazon faced criticism for its labor practices and working conditions in its fulfillment centers. Concerns were raised about long hours, high productivity expectations, and inadequate worker benefits, which sparked debates about worker rights and labor regulations.
Impact on Local Businesses: While some local businesses thrived by leveraging Amazon's platform for sales and distribution, others faced difficulties in competing with the company's scale and resources. Small retailers and independent sellers sometimes found it challenging to differentiate themselves and maintain profitability in the face of intense competition.
Technology played a pivotal role in Amazon's dominance. The company leveraged technology in several ways:
E-commerce Platform: Amazon's user-friendly website and robust e-commerce infrastructure provided customers with a seamless online shopping experience, allowing them to easily browse and purchase a wide range of products.
Logistics and Supply Chain Management: Amazon's use of technology in logistics and supply chain management enabled efficient inventory management, fast order fulfillment, and reliable delivery services. This gave Amazon a competitive edge in terms of speed and reliability.
Data Analytics: Amazon leveraged customer data and advanced analytics to personalize product recommendations, optimize pricing strategies, and enhance the overall customer experience. This data-driven approach allowed Amazon to continuously improve its offerings and increase customer satisfaction.
Cloud Computing: Amazon Web Services (AWS), the company's cloud computing platform, provided a reliable and scalable infrastructure that supported its own operations and offered cloud services to businesses worldwide. AWS became a significant revenue generator for Amazon, contributing to its growth and dominance.
Overall, Amazon's use of technology helped it gain dominance by offering convenience, selection, and competitive pricing to customers, while continuously innovating and optimizing its operations based on data and advanced technologies.
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QUESTION 2 of 10: Your company offers continuous online training. If each online lesson is 20 minutes long, and there are 90 lessons, how
many hours will each employee complete to finish all the lessons?
a) 33
b) 1.5
c) 30
d) 90
Submit
Pricing & Sales
Answers
Answer:
c) 30
Explanation:
One online lesson takes 20 mins.
There are 90 lessons.
The total time required to complete the 90 lessons will be
=20Mins x 90 lessons
=1800 mins
In hours = 1800/60
=30 hrs
A person has just been awarded an income increase to offset the effects of an increase in the overall cost of living in his country. This increment is tied to the consumer price index (CPI), which recently escalated from 110 to 112. What should his new salary be if he was earning $30,000 per year before the increase in the CPI
Answers
The person's new salary based on the new CPI of 112 should be $30,545.
What is the consumer price index (CPI)?The Consumer Price Index (CPI) is an aggregate measure of the average price changes over time for a market basket of consumer goods and services. The index is used by businesses, governments, and individuals to gauge the inflation trend in the economy.
Data and Calculations:
Old CPI = 110
New CPI = 112
Old salary = $30,000
New salary = $30,545 ($30,000/110 x 112)
Thus, the person's new salary based on the new CPI of 112 should be $30,545.
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By measuring and comparing per capita GDP data, economists can determine the extent that per capita GDP differs between the nations of the World. While this is useful information, which of the following is a valid criticism of comparing per capita GDP for this purpose?
A. national economies within the global economy are diverse
B. most comparisons between regions are admittedly rough
C. fails to capture diversity across the regions
D. fails to capture the precise standard of living
D
Answers
The most suitable criticism of comparing per capita GDP for this purpose is D. fails to capture the precise standard of living. It is because there is a lot of tension created by several countries based on GDP capita data.
GDP or also known as Gross domestic product generally can be defined as a monetary measure of the market value of all the final services and goods produced and sold in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator.
The formula of GDP is:
Gross domestic product = gross private investment + private consumption + government spending +government investment + (exports – imports).
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