Description In class we considered Jim's problem of choosing a delivery van. Suppose Jim expects to drive 5,000 miles per year. Compute the breakeven cost of gasoline such that Jim would be indifferent between the two minivans. What do you think of this result? Upload your supporting work. Which minivan should Jim purchase? For $2,800 Jim can purchase a 1998 minivan for his delivery service. It is quite functional, but it only averages 20 miles per gallon (mpg). He has identified a somewhat newer vehicle (roughly the same functionality) а that averages 26 mpg. The newer vehicle would cost $4,000. Assume a cost of gasoline $4.00 per gallon. Assume an interest rate of 6%, zero salvage value for either vehicle after three years, and identical maintenance cost.
Answers
To compute the breakeven cost of gasoline, we need to determine at which price per gallon Jim would be indifferent between the two minivans in terms of their total cost of ownership.
For the older minivan:
Total cost = Purchase cost + Fuel cost + Maintenance cost
Total cost = $2,800 + (5,000 miles / 20 mpg) * $4.00 + 0
Total cost = $2,800 + $1,000 + $0
Total cost = $3,800
For the newer minivan:
Total cost = Purchase cost + Fuel cost + Maintenance cost
Total cost = $4,000 + (5,000 miles / 26 mpg) * $4.00 + 0
Total cost = $4,000 + $769.23 + $0
Total cost = $4,769.23
To find the breakeven cost of gasoline, we set the total costs of both minivans equal to each other:
$3,800 = $4,769.23
From this calculation, we can see that the breakeven cost of gasoline is approximately $3.80 per gallon. If the cost of gasoline is below this breakeven point, Jim would be better off purchasing the older minivan, while if the cost of gasoline is above this breakeven point, he should go for the newer minivan.
Based on this result, if the cost of gasoline remains at $4.00 per gallon, it would be more cost-effective for Jim to purchase the older minivan for $2,800.
Please note that this analysis does not consider other factors such as the condition of the vehicles, personal preferences, or potential resale value. It focuses solely on the cost of ownership and fuel efficiency.
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Related Questions
Compare two similar companies or products based on their consumers (audience), costs, communications (customer service), and convenience (relevance). When you are finished comparing, explain which product is better for people like yourself.
Answers
Answer:
i need this too
Explanation:
(a) (b) (c)
AS(P100) AS(P125) AS(P75)
P Q P Q P Q
125 $560 125 $500 125 $620
100 500 100 440 100 560
75 440 75 380 75 500
Suppose the full employment level of real output (Q) for a hypothetical economy is $500, the price level (P) initially is 100, and prices and wages are flexible both upward and downward. Refer to the accompanying short-run aggregate supply schedules. In the long run, an increase in the price level from 100 to 125 will
a. increase real output from $500 to $560.
b. decrease real output from $500 to $440.
c. change the aggregate supply schedule from (a) to (c) and result in an equilibrium level of real output of $560.
d. change the aggregate supply schedule from (a) to (b) and result in an equilibrium level of real output of $500.
Answers
Answer:
XDXDXDXDXDXDXDXDXDXDXXDXD
Explanation:
What is MOST likely TRUE about intellectual property?
A.
It can be a tangible asset.
B.
It is impossible to steal.
C.
It can be invisible.
D.
It does not affect a company’s profits.
Answers
Answer:
The answer is most likely...
A. It can be a Tangible asset
Explanation:
Sorry I was late :l
With the help of online research, write a short report on “glocalization.”
Answers
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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when loan payments are amortized, the total amount you owe every month remains constant but the amount of interest you own decrease every month. true or false
Answers
It is true that when loan payments are amortized, the total amount you owe every month remains constant but the amount of interest you owe decreases every month.
What happens when loan payments are amortized?When loan payments are amortized, the total amount you owe every month remains constant but the amount of interest you owe decreases every month. This is because the payments are structured to pay off both principal and interest, with more of the payment going towards interest at the beginning of the loan term and more going towards principal as the loan matures.
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When a salesperson asks a customer to prepare a note or letter of introduction that can be delivered to
the potential customer, this person is using which prospecting method?
a. referral
b. networking
c. cold canvass
d. agenda
Answers
When a salesperson asks a customer to prepare a note or letter of introduction that can be delivered to the potential customer, this person is using referral prospecting method.
When a salesperson asks a customer to prepare a note or letter of introduction that can be delivered to a potential customer, they are utilizing the prospecting method known as a referral. Referrals involve leveraging existing relationships or connections to gain introductions or recommendations to potential customers.
In this scenario, the salesperson is relying on the customer to provide a letter or note of introduction that can be used to establish credibility and initiate contact with the potential customer. By using the customer's referral, the salesperson can leverage the existing relationship and increase the chances of making a successful connection with the potential customer.
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what are you all doing for hoolween this year?
Answers
Answer: I’m having a Halloween party with my parents and family because you know ya girl ain’t trying to get sick
Explanation:
how can interest rate on loan for rental property determine the rent
Answers
Tim is 16 years old,a high school student, and lives with hi parents.He earned $5,200 and his part-time job. Select the best possible answer.(Only 1 answer)
Answers
Answer:
the second one
Explanation:
prettyu sure,
only can claim is tim parents and he has no other choice but to return the file tax return
Current tax laws allow Tim's parents to claim Tim as a dependent; Tim has the option to file a tax return
According to the IRS, Tim can be claimed as a dependent by his parents because:
He is their son He is a student who is younger than 23 He lives with his parentsHe also has the option but not the obligation to file a tax return because his gross income is less than $12,200 as a dependent.
In conclusion, Tim can be claimed as a dependent by his parents but he does not have to file a tax return.
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A(n) ________ methodology is process-oriented and develops in a step-by-step technique, with each step building on the previous one.
A. explicit
B. tacit
C. conversion
D. structured
E. parallel
Answers
A structured methodology is process-oriented and develops in a step-by-step technique, with each step building on the previous one. The correct answer is D. structured.
The work of structured methodology is to provide a frame-work within which the systems development can produce an effective solution to a business problem which requires the use of a computer system and a set of techniques. Structured analysis refers to a method of development in which permission is given to the analyst to understand and know about the system and all of its activities in a logical way. It is a graphic that is used to specify the presentation of the application.
Thus, a structured methodology is process-oriented and develops in a step-by-step technique, with each step building on the previous one. The correct answer is option D.
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Which multimedia and interactive elements do you think would best support your viewpoint on the topic you chose for your blog? Write two to four sentences explaining what multimedia and interactivity you will use and why.
Answers
Answer:
I will use images and details from credible websites, which will boost my own credibility and support my claim. I will also use charts and graphs from trusted web resources, such as government and university sites, to make my supporting evidence clear
Explanation:
I took the test
Brainiest???
The Use of videos, audios, and images in the blog will not only make it attractive but also make it credible.
Best Way to Write BlogTo write a credible and attractive blog we need to use multimedia such as videos, images, link of credible websites. We can also use other elements which can autocorrect grammer mistakes, can easily provide best charts and graphs.
The use of these elements can give a better outlook to our blog, and also create a sense of trust and credible information.
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Identify at least one benefit and one disadvantage of both "simple" and "compounding"
interest. What are some of the reasons why someone might choose simple interest over
compounding interest? Why would one choose compounding interest over simple
interest? Given the information you have from the article, and other sources, which
would "you" choose, and why.
Answers
An advantage of simple interest is that it is simpler to understand and cheaper. Regarding the disadvantages, they are associated with the difficulty of being found and in case of delay there are higher associated fees.
Compounding interest, on the other hand, has the benefits of investment advantages, as funds grow more than simple interest over a period of time. The disadvantages are related to cost, which depending on economic factors can increase or decrease.
How to make good investments?Is necessary for the investor to be aware of the risks inherent in any investment, so the ideal is that the investment portfolio is varied, to mitigate the risks. Some other important tips are carrying out financial planning, knowing your investor profile and the discipline necessary to manage your investiments in an advantageous and profitable way.
Therefore, if a choice had to be made to invest, perhaps compound interest would be a better option, as it has a higher yield over time.
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You are bearish on Telecom and decide to sell short 100 shares at the current market price of $46 per share. a. How much in cash or securities must you put into your brokerage account if the broker's initial margin requirement is 50% of the value of the short position? Initial margin S b. How high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position? (Round your answer to 2 decimal places.) Stock price reaches $
Answers
a.) Half of $4,600 is $2,300, so you must put $2,300 in cash or securities into your brokerage account.
b.) The stock can rise to $7,667 per share before you get a margin call.
What exactly is brokerage?Brokerage refers to the business of buying and selling securities, such as stocks, bonds, and other investment products, on behalf of clients. A brokerage firm, also known as a broker-dealer, is a financial institution that facilitates the buying and selling of securities. Individuals and institutional investors can use brokerage services to trade securities in the financial markets. Brokerage firms typically earn revenue by charging commissions or fees for executing trades on behalf of clients, managing investment accounts, and providing other financial services such as research, analysis, and advice.
a.) Since the initial margin requirement is 50%, you need to deposit half of the value of the short position as cash or securities into your brokerage account.
The value of the short position is:
100 shares x $46 per share = $4,600
B.) The original investment is the amount you put into your brokerage account, which in this case is $2,300.
So the maximum price the stock can reach before you get a margin call is:
($2,300 / 0.3) / 100 shares = $7,667 per share
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When the units produced are equal to the units sold, the net operating income computed using the variable costing method is ______ the net operating income using the absorption costing method.
Answers
Answer:
equal to
Explanation:
When the units produced are equal to the units sold, net operating income computed using the absorption costing approach is equal to the net operating income computed using the variable costing approach.
Why is organic fertilizer better than chemical fertilizer?
Answers
Explanation:
because they doesn't reduce the fertility of the soil as the chemical fertilize does.
hope this helps you
Although channels of distribution allow consumers and industrial users access to products from all over the world, they do not guarantee that consumers will be able to purchase anything they want. Tiny time they want. Certain products may only be available in limited supplies. Because of supply and demand, channel members may be able to charge higher prices for coveted products. This may be fine for a designer handbag, but what if the product is more basic, like fresh water or medical supplies? Or, let's say there is a hurricane or tornado in a certain part of the country, and many people need to repair their homes and roofs. Is it OK for channel members to mark up hardware products during this time to make a bigger profit?
Answers
Answer:
We can more easily obtain products from all over the world. Channels of distribution allow consumers, industrial users, producers, and other channel intermediaries to save time and money. They also allow us to more easily obtain products from all over the world, since we do not have to travel and search for each individual item we wish to purchase.
What are three ways in which you can show respect to your immediate supervisor? (you can use your own answers)
Answers
Answer:
Speak with a good tone, dont be cocky or rude be polite
Do as they tell you, will they be wromg sometimes of course but to keep your superior in this case happy and keep your job do as your told.
Say yes sir and yes ma'am or no sir and no ma'am, always show respect, it helps you get respect in return and maybe even a raise one day
when a firm's approach to human resources is designed to drive the company's overall performance, employees are being used to . multiple choice question. create an innovative marketing plan streamline the onboarding process achieve the firm's strategic objectives adopt a hybrid model of resource management
Answers
When a firm's approach to human resources is designed to drive the company's overall performance, employees are being used to achieve the firm's strategic objectives.
What is human resources?Human resources is the division of an organization entrusted with locating, screening, employing, and educating job applicants. It also oversees the employee benefit plans. In the twenty-first century, human resources (HR) play a crucial role in assisting organizations in adapting to a business environment that is rapidly changing as well as to the rising demand for qualified people.
American institutional economist John R. Fisher first introduced the term "human resource" in his 1893 book The Distribution of Wealth. However, it wasn't until the 20th century that HR divisions were legally established and given the responsibility of resolving disputes between workers and their employers.
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If you were a senior manager in a company and wanted to foster innovation, which idea below would NOT be a good idea to do:
a.
Increase discomfort with the status quo
b.
Find out what is blocking innovation and remove it
c.
Create a stretch vision or intent
d.
Appoint volunteers to be corporate entrepreneurs
Answers
A: "Increase discomfort with the status quo" would NOT be a good idea to foster innovation in a company.
While it is important to promote innovation in a company, increasing discomfort with the status quo would not be a good idea. This could create a sense of instability and uncertainty in the company, which could lead to a decrease in productivity. Instead, fostering innovation requires a supportive environment where employees feel safe to take risks and try new ideas.
This can be achieved by identifying and removing barriers to innovation, creating a clear vision or goal to work towards, and empowering employees to take on entrepreneurial roles within the company. Appointing volunteers to be corporate entrepreneurs is also a good way to encourage innovation.
Option A is incorrect because it creates discomfort rather than a sense of safety and support. Therefore, option A is the correct answer.
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How long should a cover letter be? A. Less than one page B. Two pages C. Three pages D. More than four pages Please select the best answer from the choices provided A B C D
Answers
Answer: A. Less than one page
Explanation:
PLZ HELP: FIND THE PROFIT
Fixed costs are £26,000 per year, and variable costs include wages at £10 per
unit, raw materials at £12 per unit and delivery/packaging at £3 per unit. It is expected that a business will make and sell 750 units during the year, with
a selling price of £26.
Answers
Answer:
Net loss -£25,250
Explanation:
The computation of the profit is shown below:
Sales (750 units × £26) £19,500
Less: Variable cost (750 units × £25) £18,750
Contribution margin £750
Less: Fixed cost £26,000
Net loss -£25,250
The £25 could be calculated below:
= £10 + £12 + £3
= £25
Basically applied the above format
Kari needs to change the brightness and contrast on an image she has inserted into a word document. Which group should she use to do this?
Answers
An outstanding corporate parent is unlikely to benefit its businesses via
a. providing high-level oversight and making available other corporate resources.
b. allocating financial resources across the business portfolio.
c. restructuring underperforming acquisitions.
d. purchasing competitively weak businesses or businesses in unattractive industries.
Answers
T d. An outstanding corporate parent would not purchase competitively weak businesses or businesses in unattractive industries. However, an outstanding corporate parent would benefit its businesses by providing high-level oversight, allocating financial resources
Across the business portfolio, and restructuring underperforming acquisitions to improve their performance.. Acquiring competitively weak businesses or businesses in unattractive industries may hinder rather than benefit the overall performance of the corporate portfolio. It could divert resources and management attention away from more promising opportunities, potentially leading to negative impacts on the businesses under the corporate parent's oversight.
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An excellent corporate parent is unlikely to enhance its companies by acquiring firms that are competitively weak or in unappealing areas. Here option D is the correct answer.
While the other options mentioned, such as providing high-level oversight, allocating financial resources, and restructuring underperforming acquisitions, can contribute to the success of a business portfolio, purchasing weak businesses or those in unattractive industries poses significant challenges and risks.
Acquiring businesses that are competitively weak or operate in unattractive industries can dilute the overall strength of the corporate portfolio. These businesses may have fundamental issues or face intense competition, making it difficult to achieve sustainable growth or generate desired returns. Such acquisitions can drain resources and divert attention away from more promising opportunities within the portfolio.
Moreover, integrating weak businesses into an existing corporate structure can be complex and time-consuming. The corporate parent may need to invest substantial effort and capital to turn around these underperforming entities, diverting resources from more viable ventures.
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At the new equilibrium price of $200, what is the new equilibrium quantity?
Answers
When the price is $200, QD0 equals 0, QS equals 2350, and QD1 equals 2350.
The equilibrium price is the only price at which consumers' and producers' goals coincide—that is, the amount consumers want to buy of the commodity, quantity demanded, equals the amount producers want to sell, quantity supplied.
The equilibrium quantity is the name given to this common quantity. The demand and supply function (Qa - bP = x + yP) can be used to compute it. When the supply equals the demand, the equation yields an equilibrium price. To calculate the quantity, enter the equilibrium price into the demand or supply function.
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Read the graph below.
Unemployment Rates and Median Weekly Earnings, 2006
Unemployment Rate (percent)
Median Weekly Earnings (U.S. Dollars)
1.4% Doctoral Degree $1,441
1.1% Professional Degree S1,474
1.7%
Master's Degree $1,140
2.3% Bachelor's Degree S962
3.0% Associate Degree $721
3.9%
Some College
S674
4.3% High School Grad $595
6.8% Some High School S419
Source: U.S. Bureau of Labor Statistics, Current Population Survey
Which conclusion can be supported by the information in the graph above?
O People with a professional degree earn more than twice as much as people with a bachelor's degree.
O People with a master's degree earn nearly twice as much as those with a high school education.
O People with a doctoral degree are half as likely to be unemployed as people with a bachelor's degree.
O People with some college education are half as likely to be unemployed as people with some high school education.
Answers
Answer:
C. People with a doctoral degree are half as...
Explanation:
Answer:
People with a doctoral degree are half as likely to be unemployed as people with a bachelor's degree.
Explanation:
I'm smart also there is the same graph with same question and different answers so if your looking for that the correct answer is Obtaining a doctoral degree offers the lowest risk of unemployment and greatest potential weekly earnings.
when a domestic company starts to trade internationally it becomes an mne true or falsew
Answers
True. When a domestic company starts to trade internationally, it becomes a multinational enterprise (MNE) as it operates in multiple countries and has international business dealings.
Firstly, becoming an MNE involves more than just conducting business in multiple countries. A multinational enterprise is typically characterized by having a significant presence in multiple countries, with operations such as production facilities, distribution networks, and sales offices in different countries.
MNEs engage in cross-border trade and investment, and they often have a global mindset, with operations that span across different countries and regions.
Secondly, the process of becoming an MNE involves a range of strategic decisions and operational challenges. Going international requires careful planning and execution, including market research, assessing risks and opportunities in different countries, navigating international trade regulations and customs, managing foreign exchange risks, and adapting to different cultural, legal, and business environments.
MNEs need to develop strategies and capabilities to compete in global markets, such as understanding local customer preferences, adapting products and services to local markets, managing global supply chains, and dealing with international competitors.
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A form of economic efficiency called _ is achieved when resources are directed toward their highest-valued use. (Enter one word in each blank.)
Answers
A form of economic efficiency called allocative efficiency is achieved when resources are directed toward their highest-valued use.
What is meant by Economic efficiency ?There are two major schools of thinking about economic efficiency, each of which places emphasis on the distortions brought about by markets and governments, respectively (and minimized by reducing government involvement) (and reduced by increasing government involvement).
They are either discussing the overall level of government participation or the results of particular government activity; they are occasionally complementary, sometimes competitive.
This discussion generally refers to economic liberalism or neoliberalism, although these terms are frequently used more specifically to describe specific viewpoints, particularly those that support laissez-faire.
Also, there are varying opinions on the relative merits of macroeconomic vs microeconomic efficiency, with some supporting a more prominent role for government in either one.
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Select all that apply Review the following statements and select the ones which accurately describe a Petty Cash fund. Select all answers which apply. Multiple select question. It is established to pay for small payments like postage, shipping fees, etc. It is used to avoid the time and cost of writing checks for small amounts. It is an account used to record small sales amounts. It is an expense reported on the income statement. It is an asset reported on the balance sheet.
Answers
Answer:
It is established to pay for small payments like postage, shipping fees, etc.
It is an asset reported on the balance sheet.
It is used to avoid the time and cost of writing checks for small amounts
Explanation:
A Petty Cash is simply any amount of cash kept on hand and used for making small payments. It is usually placed on the asset account and it account also increases on the debit side and decreases on the credit side.
The Petty Cash fund is set up with the use of the following:
1. Date
2. Debit
3. Credit
4. Source Document
Businesses promote use of Petty Cash funds due to it having some small payments for which writing a check is not time or cost effective. It is increase by replacimg or putting more money back in the petty cash box. Before putting money, an evidence of the fund being put in to the box must be complete.
Answer:
It is established to pay for small payments like low-cost supplies and shipping fees, etc.
It is an asset reported on the balance sheet.
Explanation:
first answer is incorrect
Every day, Eloise talks with patients who suffer from drug abuse and helps them with their treatment plans. She sometimes works with Franklin who plans social events and outdoor activities on the drug facility grounds. Because some of the patients are there for months or years, Eloise and Franklin also work with Jessup, who takes care of patients’ hair care and other grooming needs. Which best describes the workers’ career pathways based on their tasks?
A.Eloise works in Family and Community Services, Franklin works in Counseling and Mental Health Services, and Jessup works in Personal Care Services.
B.Eloise works in Counseling and Mental Health Services, Franklin works in Personal Care Services, and Jessup works in Family and Community Services.
B.Eloise works in Personal Care Services, Franklin works in Family and Community Services, and Jessup works in Counseling and Mental Health Services.
C.Eloise works in Counseling and Mental Health Services, Franklin works in Family and Community Services, and Jessup works in Personal Care Services.
Answers
Answer:
D: Eloise works in Counseling and Mental Health Services, Franklin works in Family and Community Services, and Jessup works in Personal Care Services.
Explanation:
Its a wild guess, but it makes sense since Eloise deals with drug abuse which would be mental health and counseling, Franklin works on organizing local events (ive done this type of volunteering job before) so it would be a job that is apart of the community, and finally Jessup works (maybe) at a hair salon which would be more hair/personal care.
Correct me if iam wrong, and if iam right iam glad to have helped (if i did) :)
People do have careers. The option that best describes the workers’ career pathways based on their tasks is that;
Eloise works in Counseling and Mental Health Services, Franklin works in Family and Community Services, and Jessup works in Personal Care Services.A career path is known to be a kind of forward roadmap with short or long-term bench marks.
It is known to be a maps the ways an employee often takes from a lower-level position via a kind of successive roles to reach their ultimate goal.
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SOS
A country has a trade deficit of $20 billion with its trading partners over a
year. Which change would cause the country to have a trade surplus the
following year, assuming everything else remains the same?
A. The country decreases its exports bus 10 billion.
B. The country increases its exports by $30 billion.
C. The country decreases its imports by $10 billion.
D. The country increases its imports by $30 billion.
Answers
B) the country increases its exports by $30 billion
Explanation:
I took a quiz
Answer:
increases its export 30 million
Explanation: