Ali is a student at the University. He recently purchased a car for OMRS,000 to use it for going to the University. Ali also expects that other friends might ask fortransportation from him. He expects a total monthly revenue of OMR60. He expects fuel cost to be OMR30 per month. One of Ali's friends is a taxi driver. He offered Alato take him to University for a monthly fee of OMR10. Because he does not have to drive, Ali believes that he can perform online work that would earn him a monthlyrevenue of OMR10. What is the differential cost in this scenario?Select one:O a. OMR50Ob.OMR1OOCOMR4OO d. OMR2OOe. OMRBO

Ali is a student at the University. He recently purchased a car for OMR5,000 to use it for going to the University. Ali also expects that other friends might ask for transportation from him. He expects a total monthly revenue of OMR60. He expects fuel cost to be OMR30 per month. One of Ali's friends is a taxi driver. He offered Al to take him to University for a monthly fee of OMR10. Because he does not have to drive, Ali believes that he can perform online work that would earn him a monthly revenue of OMR10. What is the differential cost in this scenario? Select one: O a. OMR50 O b. OMR10 O c OMR40 O d. OMR20 Oe. OMRB

Ali is a student at the University. He recently purchased a car for OMR5,000 to use it for going to the University. Ali also expects that other friends might ask for transportation from him. He expects a total monthly revenue of OMR60. He expects fuel cost to be OMR30 per month. One of Ali's friends is a taxi driver. He offered Al to take him to University for a monthly fee of OMR10. Because he does not have to drive, Ali believes that he can perform online work that would earn him a monthly revenue of OMR10. What is the differential cost in this scenario? Select one: O a. OMR50 O b. OMR10 O c OMR40 O d. OMR20 Oe. OMRB

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 23P

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Ali is a student at the University. He recently purchased a car for OMR5,000 to use it for going to the University. Ali also expects that other friends might ask for transportation from him. He expects a total monthly revenue of OMR50. He expects fuel cost to be OMR30 per month. One of Ali's friends is a taxi driver. He offered Ali to take him to University for a monthly fee of OMR20. Because he does not have to drive, Ali believes that he can perform online work that would earn him a monthly revenue of OMR20, What is the differential revenue in this scenario? Select one: O a. OMR50 Ob OMR30 Oc. OMR40 0d. OMR2D e OMR10
Salim is financial advisor and consultant. He wishes to go to Salalah during Al Khareef season. He is considering two alternatives. The first one is to drive to Salalah. This option is expected to cost Salim about $150 in fuel cost. Salim also can invite three of his friends to join the trip. Each one of them is expected to pay Salim $40. The other option for Salim is to use Muwasalat bus service. Under this option Salim will also need to rent a car once he arrives to Salalah. The total cost of this option including the bus ticket and the car rental is $ 400. Because the bus trip takes about 11 hours, Salim can use the time to provide consultation services that are expected to earn him $ 500 in total. If Salim decided to drive to Salalah, what would be the differential cost ($) of the that option? a. 400 b . 500 c. None of the given answers d. 150 e. 120
Salim is financial advisor and consultant. He wishes to go to Salalah during Al Khareef season. He is considering two alternatives. The first one is to drive to Salalah. This option is expected to cost Salim about $150 in fuel cost. Salim also can invite three of his friends to join the trip. Each one of them is expected to pay Salim $40. The other option for Salim is to use Muwasalat bus service. Under this option Salim will also need to rent a car once he arrives to Salalah. The total cost of this option including the bus ticket and the car rental is $400. Because the bus trip takes about 11 hours, Salim can use the time to provide consultation services that are expected to earn him $500 in total. If Salim decided to drive to Salalah, what would be the differential cost ($) of the that option? O a. 150 O b. 400 Oc 500 O d. None of the given answers O e. 120 LEVIOUS PAGE NEXT PAGE P Type here to search 日自 bp 144 ort sc delet %23 %24 & 5 6. 8. backS T. D F pause alt ctri
Salim is financial advisor and consultant. He wishes to go to Salalah during Al Khareef season. He is considering two alternatives. The first one is to drive to Salalah. This option is expected to cost Salim about $150 in fuel cost. Salim also can invite three of his friends to join the trip. Each one of them is expected to pay Salim $40. The other option for Salim is to use Muwasalat bus service. Under this option Salim will also need to rent a car once he arrives to Salalah. The total cost of this option including the bus ticket and the car rental is $400. Because the bus trip takes about 11 hours, Salim can use the time to provide consultation services that are expected to earn him $500 in total. If Salim decided to drive to Salalah, what would be the differential revenue ($) of the that option? a. None of the given answers O b. 500 C. 40 O d. 150 O e. 120
Salim is financial advisor and consultant. He wishes to go to Salalah during Al Khareef season. He is considering two alternatives. The first one is to drive to Salalah. This option is expected to cost Salim about $150 in fuel cost. Salim also can invite three of his friends to join the trip. Each one of them is expected to pay Salim $40. The other option for Salim is to use Muwasalat bus service. Under this option Salim will also need to rent a car once he arrives to Salalah. The total cost of this option including the bus ticket and the car rental is $400. Because the bus trip takes about 11 hours, Salim can use the time to provide consultation services that are expected to earn him $500 in total. If Salim ?decided to use the bus to Salalah, what would be the differential cost ($) of the that option None of the given answers .a O 500 .b O 120 .c O 400 .d O 150 .e O
Elizabeth is a young woman living in Barbados. She approaches a bank for a loan to purchase a used car that she found online from Japan Motors. The car costs US$5000 and US$2500 for shipping. Once the car arrives the duty required is 100% of the total including shipping. Elizabeth will require a total loan of US$15,000 to pay for the car, shipping and duties. The bank approves the loan and releases the funds to Elizabeth. Elizabeth is a budding entrepreneur and devises a plan to earn some extra money. Rather than wire the US$7500 to Japan Motors and retain the remaining US$7500 to pay the duty, Elizabeth decides to wire the entire amount of US$15,000 to Japan Motors to pay for two cars. Elizabeth plans on selling the second car at a markup and using the profits towards her own car purchase. Eventually, the shipment arrives at the port with both of the cars Elizabeth purchased. However, Elizabeth has a problem because no one has purchased the second car from her yet. This is because…
After visiting several automobile dealerships, Richard selects the car he wants. He likes its $15,000 price, but financing through the dealer is no bargain. He has $3,000 cash for a down payment, so he needs a loan of $12,000. In shopping at several banks for an installment loan, he learns that interest on most automobile loans is quoted at add-on rates. That is, during the life of the loan, interest is paid on the full amount borrowed even though a portion of the principal has been paid back. Richard borrows $12,000 for a period of four years at an add-on interest rate of 14 percent. a. What is the total interest on Richard's loan? Total interest b. What is the total cost of the car? Total cost c. What is the monthly payment? Monthly payment d. What is the annual percentage rate (APR)? (Enter your answer as a percent rounded to 2 decimal places.) APR %
After visiting several automobile dealerships, Richard selects the used car he wants. He likes its $12,900 price, but financing through the dealer is no bargain. He has $2,500 cash for a down payment, so he needs an $10,400 loan. In shopping at several banks for an installment loan, he learns that interest on most automobile loans is quoted at add-on rates. That is, during the life of the loan, interest is paid on the full amount borrowed even though a portion of the principal has been paid back. Richard borrows $10,400 for a period of four years at an add-on interest rate of 10 percent. What is the total interest on Richard’s loan? Note: Do not round intermediate calculations. Round your answer to the nearest whole number. What is the total cost of the car? Note: Do not round intermediate calculations. Round your answer to the nearest whole number. What is the monthly payment? Note: Do not round intermediate calculations. Round your answer to the nearest whole number.…
After visiting several automobile dealerships, Richard selects the used car he wants. He likes its $10,000 price, but financing through the dealer is no bargain. He has $1,500 cash for a down payment, so he needs an $8,500 loan. In shopping at several banks for an installment loan, he learns that interest on most automobile loans is quoted at add-on rates. That is, during the life of the loan, interest is paid on the full amount borrowed even though a portion of the principal has been paid back. Richard borrows $8,500 for a period of four years at an add-on interest rate of 10 percent. (a) What is the total interest on Richard's loan? (Do not round intermediate calculations. Round your answer to the nearest whole number.) Total interest (b) What is the total cost of the car? (Do not round intermediate calculations. Round your answer to the nearest whole number.) Total cost (c) What is the monthly payment? (Do not round intermediate calculations. Round your answer to the nearest whole…
For his birthday, Michael choose to have a brand new car instead of debut party. His father brought her brand new car worth $980,000.00 in cash. The car dealer gave a discount of $40,000.00. How much commission will the sales agent receive if he has given a commission rate of 2%?
John is considering purchasing a new car from Slimy's Sports Car Emporium. The car costs $25,000, and John has a down payment of $5,000. Slimy is offering John a 5-year loan with an interest rate of 5.5% / yr compounded monthly. To encourage John to make the purchase, Slimy offers to throw in free floor mats, a lifetime car wax, and "VIN number" (vehicle identification number) window etching. The monthly loan payment is $412.02. Based on the purchase price, down payment, and interest rate, what should the loan payment be?
Joe sends a check for $218 to the University by July 1 of every year to cover the cost of two tickets for each of the 7 home games plus $50 for a parking permit. Joe has difficulty finding friends to accompany him to the games. However, he is adamant that he must go to the games because he has paid for the tickets. Friends insist that the cost of the tickets is a sunk cost and that the decision should be based on future costs that would be different between alternatives – going to the game and not going to the game. Friends have calculated the fuel for the 6-hour round trip costs $15 and two meals while away from home for the game can easily cost $30 or more. Required Write a list to Joe outlining the relevant costs associated with a trip to the game.