LO8-2 8. Calculating Motor Vehicle Operating Costs. Using Personal Financial Planner Sheet 38, calculate the approximate yearly operating cost of the following vehicle. License and registration fees, $65 Annual depreciation, $2,500 Annual mileage, 13,200 Average gasoline price, $3.68 per gallon Current year's loan interest, $650 Oil changes/repairs, $370 Miles per gallon, 24 Insurance, $680 Parking/tolls, $420

LO8-2 8. Calculating Motor Vehicle Operating Costs. Using Personal Financial Planner Sheet 38, calculate the approximate yearly operating cost of the following vehicle. License and registration fees, $65 Annual depreciation, $2,500 Annual mileage, 13,200 Average gasoline price, $3.68 per gallon Current year's loan interest, $650 Oil changes/repairs, $370 Miles per gallon, 24 Insurance, $680 Parking/tolls, $420

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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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.)
1 Ross Company incurs these expenditures in purchasing a truck: cash price $25,000, accident insurance (during use) $2,000, sales taxes $1,080, motor vehicle license $400, and painting and lettering $2,800. What is the cost of the truck?
Blossom Company incurs these expenditures in purchasing a truck: cash price $20,000, accident insurance (during use) $1,500, sales taxes $1,100, motor vehicle license $200, and painting and lettering $1,600.What is the cost of the truck? The cost of the truck $Enter a dollar amount
Crane Company incurs these expenditures in purchasing a truck: cash price $22,480, accident insurance (during use) $1,570, sales taxes $1,690, motor vehicle license $590, and painting and lettering $2,460.What is the cost of the truck? The cost of the truck $Enter a dollar amount
Suppose a new car is purchased for $45,357 and depreciates by 21% over the first year of ownership. If the car is driven 12,470 miles in that year, what is the cost, in dollars per 100 miles driven, for depreciation? (Enter a number. Round your answer to the nearest cent.) dollars per 100 miles)
The following costs pertain to a new delivery truck that was purchased on March 31, 2020. All costs were paid in cash. Calculate how much the truck will be capitalized as an asset for the truck. How much will be expensed? You are not required to prepare a journal entry. Cost of Truck $30,000 Delivery charges $1,300 Ongoing gasoline purchases each week $ 200 Sales Tax $2,100
A municipal refuse-collection truck can be purchased for ₱2,400,000. Its expected useful life is six years, at which time its market value will be zero. Annual receipts less expenses will be approximately ₱700,000 per year over the seven-year study period. Determine the present worth given a MARR of 9%. a. ₱740,143.01 b. ₱3,283,066.99 c. ₱1,123,066.99 d. ₱2,082,923.97
Wildhorse Company incurs these expenditures in purchasing a truck: cash price $46,000, accident insurance (during use) $2,200, sales taxes $4,400, motor vehicle license $300, and painting and lettering $1,700 What is the cost of the truck? Cost of the truck $
Suppose a new car is purchased for $45,357 and depreciates by 21% over the first year of ownership. If the car is driven 12,870 miles in that year, what is the cost, in dollars per 100 miles driven, for depreciation? (Enter a number. Round your answer to the nearest cent.)
If corporate headquarters for UPS in Atlanta is considering adding to its 96,000 + fleet of delivery vans, what is year 5’s depreciation expense using MACRS if one van costs $78,500? (Table 17.4 and Table 17.5) (Round your answer to the nearest cent.) ******TABLES ATTACHED*******************
Suppose a new car is purchased for $41,357 and depreciates by 21% over the first year of ownership. Find the depreciation of the car over the first year. $… If the car is driven 12,870 miles in that year, what is the cost, in dollars per 100 miles driven, for depreciation? (Round your answer to the nearest cent.) …? Dollars per 100 miles
Wildhorse Co. incurs these expenditures in purchasing a truck: cash price $29,260, accident insurance (during use) $2,220, sales taxes $1,320, motor vehicle license $640, and painting and lettering $1,870.What is the cost of the truck? The cost of the truck $

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