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

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 12EA: Markson and Sons leases a copy machine with terms that include a fixed fee each month of $500 plus a...
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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

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