A used car costs $5000 you drive it for 4 years. You drive 10,000 miles per year. Your car insurance is $1,200 per year. You spend $400 on maintenance. Gas costs $4 and the car gets 25 miles per gallon. What is the average cost per mile over the 4 years?

Answers

Answer 1

Answer:

$0.445 per mile

Explanation:

Calculation for what the average cost per mile

will be over the 4 years

First step is to calculate the Insurance cost

Insurance cost = $1,200 x 4

Insurance cost = $4,800

Second Step is to calculate the Maintenance cost

Maintenance cost = $400 x 4

Maintenance cost = $1,600

Third Step is to calculate the Total mileage

Total mileage = 10,000 miles per year x 4 years Total mileage= 40,000 miles

Fourth step is to calculate the Gas cost

Gas cost =( 1 gallon/25 miles per gallon x 40,000 miles)x $4 per gallon

Gas cost = 1,600 gallons x $4 per gallon

Gas cost=$6,400

Last step is to calculate the average cost using this formula

Average cost =Initial cost+Insurance cost+Maintenance cost +Gas cost/Total mileage

Let plug in the formula

Average cost = $5,000 + $4,800 + $1,600 + $6,400/40,000 mile

Average cost= $17,800 / 40,000 miles

Average cost = $0.445 per mile

Therefore what the average cost per mile

will be over the 4 years will be $0.445 per mile


Related Questions

What kind of services do banks offer their customers?

Answers

The services most often provided include a variety of checking accounts, saving accounts, certificates of deposit, and loans, including car loans and home mortgages. Additional services may include safe deposit boxes and investment-related services.

Explanation:

Taking out a student loan is like stealing from your ?

Answers

Answer:

wallet

Explanation:

Which one of the following business stakeholder groups can exert pressure on a business by imposing stricter credit terms, or by refusing to grant further credit?
A. D suppliers B. customers C. shareholders D. pressure groups

Answers

Answer:

A. D suppliers

Explanation:

Suppliers are traders who sell materials and other items to a business.  Suppliers are stakeholders in any company that they supplier products or services. They have commercial interests as creditors to the company.

Because suppliers are the one's who sell to a business of credit, they are the only ones who can impose credit terms on the business.  Suppliers may also relax the credit terms or deny the business credit facilities depending on their risk assessment of the company.

Marta is interviewing candidates for a position in the Human Resources department at her company. She is deciding who to interview by going through resumés and looking at the subject areas in which each candidate studied. Which four candidates would be the best choice for Marta to interview?

Ahmed, who studied mathematics and economics
Michelle, who studied psychology and physiology
Marisol, who studied communications and business
Jackson, who studied liberal arts and foreign languages

Answers

Answer: Michelle, who studied psychology and physiology

Explanation: Human resources is the area of a company that is responsible for organizing and maximizing the performance of human capital, that is, employees. Psychology is the science in charge of human behavior and to be able to enhance the skills of employees it is important to know their behaviors and the culture that is carried in the company, so Michelle would be the ideal candidate for the position.

Answer:

B: Michelle, who studied psychology and physiology

Explanation:

Why would the government give tax breaks to companies that make a lot of money? ​

Answers

Answer:

The government uses tax incentives in order to help increase economic development. Tax incentives make it less expensive and more profitable for a business to function. States can use tax incentives to encourage businesses to operate in their state, according to the University of Central Arkansas

Explanation:

Explain one advantage of good branding to a business.

Answers

Answer:

I DIDN'T COPY FROM GOOGLE, I PUT IT IN MY OWN WORDS

Explanation:

Having a good, customary brand amplifies your reliability with Customers, your production, and the marketplace as a whole. As you boost your credibility, you also construct acknowledgment, allegiance, and competitiveness.

Human resources is about trying to
find the best way to utilize which of
the following for the benefit of the
company overall?
A. loans
B. products
C. people

Answers

Answer:

I think b is that the answer

Which strategies will you use to improve your chances of getting an interview?

Answers

Answer:

1.more applications if for many jobs

2.Make it stand out

3. Do a video resume

Please help?? WILL MARK IF THERE ARE MULTIPLE ANSWERS!!!!!

Answers

High school probably

Which situation best illustrates how global trade promotes specialization?
A. A country sets strict limits on the amount of goods it can import
from other countries in a single year.
B. A country tries to export as many goods as possible by making a
huge variety of different products.
C. A country imports food and medicine from its neighbors so that
its workers can focus on making cars.
D. A country ensures that it will not become too reliant on trade by
producing all of its own food and clothing,

Answers

Answer:

C. A country imports food and medicine from its neighbors so that

its workers can focus on making cars.

Explanation:

Just got it right on my quiz!

The situation that best illustrates how global trade promotes specialization is that a country imports food and medicine from its neighbors so that its workers can focus on making cars.

Specialization by nations or individuals makes them to produce at the lowest cost and then trade with others,

International trade often promotes specialization and division of labor and increases output and consumption. When an economy specializes in production, it brings about gains from international trade.

An example, a country can produce rice at a lower cost than beans, it can choose to specialize and dedicate all its resources to the production of rice, using some of them to trade for beans.

Conclusively, by specialization, countries specialize in certain products which they trade for other goods.

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the fact that companies can store and access emails sent or received on their equipment limits which of your rights

Answers

Answer: the answer is Privacy

Explanation:

They are limiting your rights of privacy by them being able to access your emails and such if that makes sense.

Answer:

Privacy

Explanation:

A p e x

The association stradegy is used to_________information

Answers

Answer:

The association strategy is used to help memorized information.

Explanation:

A benefit of using association is that it allows the learner to be creative and have fun. ... The association strategy is used to help memorized information.

Scarcity implies that a customer wants things from a business A. many B. few C. specific D. quality​

Answers

Answer:

B.Few

Explanation:

Scarcity means a few

Answer:

Many

Explanation:

A

2. Which of the following is not one of the common
activities of all businesses?
a. producing goods and services
b. employing and training personnel
c. marketing goods and services
d. maintaining business records

Answers

Answer:

A

Explanation:

Answer:

it might be d

Explanation:

Its d because business records are really not common activities of all business

Easy ways to learn BRS​

Answers

Answer:

BRS is a Bank Reconciliation Statement:

1. COMPARE THE DEPOSITS

Match the deposits in the business records with those in the bank statement. Compare the amount of each deposit recorded in the debit side of the bank column of the cashbook with credit side of the bank statement and credit side of the bank column with the debit side of the bank statement. Mark the items appearing in both the records.

2. ADJUST THE BANK STATEMENTS

Adjust the balance on the bank statements to the corrected balance. For doing this, you must add deposits in transit, deduct outstanding checks and add/deduct bank errors.

Deposits in transit are amounts that are received and recorded by the business but are not yet recorded by the bank. They must be added to the bank statement.

Outstanding checks are those that have been written and recorded in cash account of the business but have not yet cleared the bank account. They need to be deducted from the bank balance. This often happens when the checks are written in the last few days of the month.

Bank errors are mistakes made by the bank while creating the bank statement. Common errors include entering an incorrect amount or omitting an amount from the bank statement. Compare the cash account’s general ledger to the bank statement to spot the errors.

3. ADJUST THE CASH ACCOUNT

The next step is to adjust the cash balance in the business account.

Adjust the cash balances in the business account by adding interest or deducting monthly charges and overdraft fees.  

To do this, businesses need to take into account the bank charges, NSF checks and errors in accounting.

Bank charges are service charges and fees deducted for the bank’s processing of the business’ checking account activity. This can include monthly charges or charges from overdrawing your account. They must be deducted from your cash account. If you’ve earned any interest on your bank account balance, they must be added to the cash account.

An NSF (not sufficient funds) check is a check that has not been honored by the bank due to insufficient funds in the entity’s bank accounts. This means that the check amount has not been deposited in your bank account and hence needs to be deducted from your cash account records.

Errors in the cash account result in an incorrect amount being entered or an amount being omitted from the records. The correction of the error will increase or decrease the cash account in the books.

4. COMPARE THE BALANCES

After adjusting the balances as per the bank and as per the books, the adjusted amounts should be the same. If they are still not equal, you will have to repeat the process of reconciliation again.

Once the balances are equal, businesses need to prepare journal entries for the adjustments to the balance per books

Explanation:

Which is not an aspect of America's Free-Market Economy?

Lack of Incentive
Competition
Voluntary Exchange
Profit Motive

Answers

Answer:

Lack of Incentive

Explanation:

A free-market economy is controlled by the forces of demand and supply. The government or the central authority does not interfere with the economic activities in the country. The exchange of goods and services is on the basis of a willing seller and willing buyer.

Characteristics of a free-market are

Private ownership of property, including the factors of production.Freedom of choice: Entrepreneurs are free to start and run a business of their choice. Buyers are free to buy products and services of their preferences.Profit motivation:  Self-gain or profits is the main incentive for engaging in tradeCompetition: They are many sellers and a variety of products for consumers to select.Limited government participation.

Arielle is in high school and is considering a career pathway to pursue after graduation. She has always done best in math classes and enjoys complex problems. In fact, when her friends make costumes and decorations for parties, she is more interested in organizing the supplies for the party and determining the costs involved. Which career pathway would best fit with the skills Arielle displays when helping plan parties?

Answers

Answer:

its b

Explanation:

i took the test and got a 80%

The career pathway that would best fit with the skills Arielle displays when helping plan parties is Consumer Services. Thus the correct option is B.

What is a Career?

A person's choice of career path to earn money is referred to as their career. An individual's career is based on his or her talents, skills, and abilities, which support his or her pursuit of personal growth and development and achievement of life's objectives.

In the given case, it is explained that Arielle is in high school and looking for choosing a career pathway where she had a great interest in maths in enjoying complex problems.

In the given case, it is reflecting that she has a great interest in organizing the supplies which come under consumer services and providing better satisfaction.

Therefore, option B is appropriate.

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The complete question is probably

Arielle is in high school and is considering a career pathway to pursue after graduation. She has always done best in math classes and enjoys complex problems. In fact, when her friends make costumes and decorations for parties, she is more interested in organizing the supplies for the party and determining the costs involved. Which career pathway would best fit with the skills Arielle displays when helping plan parties? Personal Care Services Consumer Services Mental Health Services Early Childhood Development and Services.

An earned education certificate track
after an individual has successfully
completed the necessary course
requirements for a particular field at a
community college

Answers

associates degree !!!!!!!

Select the correct answer.
Henry conducted a survey on an ad done by his company. In the survey, he asked people to evaluate the ad and state whether they found it
extremely poor, poor, good very good, or excellent. What kind of test is Henry conducting in this survey?

OA day after recall test

OB interview test

OC rating scale test

OD. open-ended test

Answers

Answer: C

Hope this helps!!


A typical ledger format includes columns for all of the following except

Answers

Answer:Adjustments

Explanation:

A P E X

Adjustments are not included in the typical ledger format.

What is ledger format?

A ledger is a book with many accounts used in accounting where records of transactions pertaining to a certain account are preserved. The big book of accounts or the book of final entry are other names for it. This book records all transactions, whether they are credited or debited.

The two forms of ledger accounts are single-entry and double-entry. Single-entry only records the debit side of an account, whereas double-entry records both the debit and credit sides of an account.

When creating a general ledger, divide each account such as the asset account into two columns.Your debits should be listed in the left column, and your credits should be listed on the right.

Thus, it is Adjustments.

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(Cosmetology)
Select the correct answer.
Ethical violations can result in the loss of a license or certification.
A.
True
B.
False

Answers

Answer:

true

Explanation:

A major corporation wants to issue a bond; they have a reputation for being a trustworthy company. They want to use their credit rating to guarantee the bond. What type of bond
would they issue? Why?

A. Corporate
B. Municipal
C. Agency
D. US Treasury

Explain why

Answers

Answer:

A. Corporate

Explanation:

Corporate bonds are debt securities(loans) issued by public and private corporations. They present an investment opportunity to the investor(the purchaser of the bond). Corporations with a good reputation with a solid financial background use bonds to raise additional capital for business use.

The corporation assures the investor of a regular interest payment of the amount borrowed. At maturity, the investor gets back the principal amount.  Bonds issued by private and public companies are referred to as corporate bonds, just as the name suggests.

Please help!!!! What are the three most widely used methods to gather data? What are the differences between them?

Answers

Answer:

The choice of method depends on the data collection strategy, the type of variable, the required precision, the point of collection and the training of the interviewer.

The main data collection methods are:

Records: Records and licenses are particularly valuable for full censuses, but are limited to slowly changing variables, such as the number of fishing vessels and their characteristics.

Questionnaires: forms that respondents return completed. An inexpensive method that is useful when literacy rates are high and respondents collaborate.

Interviews: forms that are completed during an interview with the respondent. More expensive than questionnaires, but better for more complex questions, and low literacy rates or less collaboration.

Direct Observations: Direct measurements are the most accurate method for all variables, such as catches, but it is often expensive. Many methods, such as observation programs, are limited to industrial fishing.

Reporting: the main alternative to direct measurements is to ask fishers and third parties to report their activities. Reporting presupposes literacy and requires a spirit of collaboration, but this can be reinforced by legal obligation and direct measurements.

Explanation:

Records, Questionnaires, Interviews are the three most widely used methods to gather data.

What is Records, Questionnaires, Interviews?

Records and licenses are very useful for comprehensive censuses, but they are only applicable to factors that change slowly over time, such as the number and types of fishing vessels.

Forms that respondents complete and return. A low-cost approach that works well when respondents cooperate and literacy rates are high. Asking fishermen and other stakeholders for reports on their activity is the primary substitute for actual measurements.

Paperwork that are filled out after a respondent interview. Less collaborative and better for more complex topics, low literacy rates, and higher costs than questionnaires.

Thus, they are Records, Questionnaires, Interviews.

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monitors ads and retail way in order to prevent any detection of consumersmonitors ads and retail way in order to prevent any detection of consumers​

Answers

Answer: Department of Trade and Industry (DTI)

Explanation:

The Philippian Department of Trade and Industry is a government department that is meant to facilitate competition and innovation in the industrial sector of the country and also to protect the rights and responsibilities of customers as well.

One way they do the latter is to monitor ads and retail styles of companies in the market to ensure that they are not deceiving customers in any way.

The Bohio was the Cacique's House true or false

Answers

Answer:

true

Explanation:

try mo sa Google para me idea kpa

Which pricing policy would be best suited for a company that specializes in one unique product? Explain.

Answers

Answer:

High-end pricing policy

Explanation:

A high-end pricing policy or premium pricing should be the best pricing strategy for a company that specializes in one unique product. The High-end pricing policy sets a high price for products. The objective is to create a perception that the product is of high quality.

Premium pricing gives higher-margins, which is good for business. The product is unique, so there is no competition. The business can take advantage of high -end pricing to make profits and deter other market entrants.  

What is the first step of creating a federal budget A. Congress votes on requirements for a budget plan. B. Executive agencies submit budget requests. C. State governments submit their budget proposals. D. The president reviews the budget with the Supreme Court.

Answers

Answer:

C. State governments submit their budget proposals.

Explanation:

The Federal budget is a budget for the entire country.  It is an estimate of the expected government revenue and expenditure for a fiscal year.

The first step in the federal budget preparation involves submitting proposals by the government department and agencies. These are the federal agencies such as security agencies. They submit their expenditure proposal to the Whitehouse. All agencies' proposals make up part of the president's budget request.

Why do you think technical education is important? Explain in 2 points.​

Answers

Answer:

it makes the students skilled and technically fit for the industries. If we talk about the technical education, it contributes a major share to the overall education system and plays an important role in the social and economic development of our nation.

Answer:

The main aim of the technical education is that, it makes the students skilled and technically fit for the industries. ... If we talk about the technical education, it contributes a major share to the overall education system and plays an important role in the social and economic development of our nation.

On August 10,2019 ABC sells 16 mini trenchers to a farm co-op in western Minnesota. ABC provides a 4% volume discount on the mini trenchers if the co-op has a 15% increase in purchases from ABC compared to the prior year. Given the slowdown in the farm economy, sales to the co-op have been flat, and it is highly uncertain that the benchmark will be met. Required: Prepare the journal entry for ABC on August 10,2019.

Answers

Answer:

If it was likely or probable that the farm co-op would meet the benchmark and get the discount (or rebate), then the journal entry should recognize that. But since it is very doubtful that the benchmark will be met, then the journal entry should be made without considering any type of discount.  

I looked for a similar question in order to find the missing numbers:

each trencher is sold at $3,600 and costs $2,000

August 10, 2019, 16 mini trenchers sold to farm co-op

Dr Accounts receivable 57,600

    Cr Sales revenue 57,600

Dr Cost of goods sold 32,000

    Cr Inventory 32,000

One way products can be categorized is by brand.
O a) True
Ob) False

Answers

Answer:

A. True.

Explanation:

One of the direct implementation for this categorization can be seen if you go to your supermarket. Supermarkets tend to categorize their product in a way that resulted in the most sales.

In order to achieve this, they tend to lined up the most popular brands on a place that's close to costumers' eye level on the shelf. The less popular brand will be place on top or lower part of the shelf that's a little bit harder to see.

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