A car rents for $210 per week plus $0.25 per mile. Find the rental cost for a two-week trip of 500 miles for a group of three people Their rental cost is (Round to the nearest dollar)
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- Car Rentals The cost C, in dollars, of a one-day car rental ismodeled by the function C1x2 = 0.35x + 45, where x is thenumber of miles driven.(a) What is the cost if you drive x = 40 miles?(b) If the cost of renting the car is $108, how many miles didyou drive?(c) Suppose that you want the cost to be no more than $150.What is the maximum number of miles that you candrive?(d) What is the implied domain of C?(e) Interpret the slope.(f) Interpret the y-intercept.Set up and solve an equation for the following business situation. You are moving to a new home and have rented a truck to assist you with the move. Trailside Truck Rentals charges $39.95 per day plus 65 cents per mile. You will need the truck for 5 days and will travel 460 miles. What will be your total cost (in dollars) for the truck rental? $ If you have budgeted $450 for the truck rental, will this amount be sufficient to cover the cost? O yes noYou are considering the purchase of new living room furniture that costs $1,140. The store will allow you to make weekly payments of $25.12 for one year to pay off the loan. What is the EAR of this arrangment? Multiple Choice 27.39% 29.41% 32.99% 31.42%
- You are the manager of a rental car company. A customer, Sandy Furrow, has asked you for an estimate of charges for a nine day rental of an SUV. She expects to drive 670 miles. If the company charges $52.50 per day plus 17 1/2 cents per mile for this category of vehicle, what would be the total rental charge (in $) for Sandy's trip?A vendor tries to sell you a subscription at $40 per user per month. You need 3 users to access the system. What will your annual cost be?You want to buy a Honda Civic. The MSRP is $26,185. Honda offers a purchase financing plan with no money down and 48 end-of-month payments of $550. Should you buy the car for cash or take Honda's purchase financing? You have the cash and you could invest it and earn at least 4%. Question content area bottom Part 1 What is the present value of all the payments? (Round to the nearest cent.) Which of the following statements is true? (Choose the best response.) A. You should borrow money to buy the car because its present value is lower. B. You should pay cash to buy the car because its present value is lower. C. You should pay cash to buy the car because its present value is higher. D. You should borrow money to buy the car because its present value is higher.
- You are buying and reselling items found at your local thrift shop. You found an antique pitcher for sale. If you need a 46% markup on cost and know most people will not pay more than $25 for it, what is the most you can pay for the pitcher? Note: Round your answer to the nearest cent. Maximum pay ISaul Goodman is shopping for a gently used SUV. A used-car dealer offers to sell the vehicle to Saul for $5000 down and $500 per month for 72 months. If the quoted rate on car loans is currently 3.8%, what is the price of the car implied by the dealer’s offer? Don't answer by pen paper and don't use chatgpt otherwise we will give dounvoteGood morning, Please answer questions Patsy Smith is planning to sell her special knife for $15 per unit. She purchases units from alocal distributor for $6 each. She can return any unsold units for a full refund. Fixed costs forbooth rental, including lighting and security is $4500.Requireda) Compute the breakeven point in units sold. b) Suppose the unit purchased is $5 instead of $6, the fixed cost increases by $500, butthe selling price is unchanged. Compute the new breakeven point in units sold. c) Using the above data, explain how cost behaviour affects Patsy Smith’s decisionmaking?
- + You are looking at buying your first car. Based on your budget you can afford up to $400 per month payments. You go to the DATCU branch in the Union Building and they give you 3 options for preapproved loans. Fill in the table below. Check your answers in Canvas to make sure you got them right before the due date! Unlimited attempts to check your math for the tables! DATCU Options Term in Months (N) Down Payment Required 48 60 72 10% 10% 10% Interest Rate (I/Y) 5.49% 6.49% 6.99% Hint: Convert to monthly on calculator $ 400 $ 400 $ 400 Monthly Payment (PMT) Hint: make it negative on calculator Maximum Amount Financed (PV) Down Payment Required in $$ Maximum Price willing to pay for Car including Tax, Title, and License If you paid the maximum price on the car calculate the following: Total Interest paid on the Car Total Amount paid for car Hint: It is all the payments and down paymentYou are planning a trip to Washington, DC, which is about 1,000 miles from your home. You would not mind either taking the bus or driving your car. (That is, you can ignore implicit or opportunity costs in this analysis.) The bus fare to DC is $200. You also know that you incur the following costs of operating your car during a typical 10,000-mile driving year: Insurance $ 900.00 Interest on auto loan $ 1,800.00 License and registration $ 100.00 Fuel and oil $ 1,000.00 Tires $ 100.00 Maintenance $ 700.00 TOTAL $ 4,600.00 What will be your decision: should you drive or take the bus? [Hint: Show me a little calculation here.← Bridget Logue is getting ready to open a small restaurant. She is on a tight budget and must choose between the following long-distance phone plans: (Click the icon to view the long-distance phone plans.) Read the requirements. Requirement 1. Match the graphs to the total monthly costs of the three plans for different levels of monthly long-distance calling. Before we match the graphs to the plans, complete the following table, calculating the total costs for each plan at each of the different minute levels. (Round to the nearest cent.) Plan A BC 100 minutes 340 minutes 540 minutes