Jim Smith is considering purchasing a new car. The price of the car is $51000, and Jim hopes to keep it 6 years and then sell it for $12500. Based on past experience, Jim drives about 20,000 km per year and lives in a downtown K apartment where they must pay a $22 per month parking fee. Jim has budgeted the following automobile expense items for the next 6 years: Expense Gasoline(10.5L Per 100KM) ($1.96 Per Liter) Licence/Registration Insurance Maintenance Tires ($1332 per set that last 70000KM) Parking (72 Months) Interest Depreciation (STRAIGHT LINE) Cost Fixed/Variable Variable $754 Fixed $5445 Fixed $6000 Variable Variable $1584 $3670 Fixed Fixed CALCULATE THE FOLLOWING USING THE ABOVE INFORMATION: TOTAL FIXED COSTS (TFC) TOTAL KMS TOTAL VARIABLE COSTS (TVC) TOTAL COSTS (TC) AVG. FIXED COSTS/KM AVG. VARIABLE COSTS/KM AVG. TOTAL COSTS/KM Fixed 120000KM

Jim Smith is considering purchasing a new car. The price of the car is $51000, and Jim hopes to keep it 6 years and then sell it for $12500. Based on past experience, Jim drives about 20,000 km per year and lives in a downtown K apartment where they must pay a $22 per month parking fee. Jim has budgeted the following automobile expense items for the next 6 years: Expense Gasoline(10.5L Per 100KM) ($1.96 Per Liter) Licence/Registration Insurance Maintenance Tires ($1332 per set that last 70000KM) Parking (72 Months) Interest Depreciation (STRAIGHT LINE) Cost Fixed/Variable Variable $754 Fixed $5445 Fixed $6000 Variable Variable $1584 $3670 Fixed Fixed CALCULATE THE FOLLOWING USING THE ABOVE INFORMATION: TOTAL FIXED COSTS (TFC) TOTAL KMS TOTAL VARIABLE COSTS (TVC) TOTAL COSTS (TC) AVG. FIXED COSTS/KM AVG. VARIABLE COSTS/KM AVG. TOTAL COSTS/KM Fixed 120000KM