Consider the following situation, which involves two options. Determine which option is less expensive. Are there unstated factors that might affect your decision? You currently drive 400 miles per week in a car that gets 14 miles per gallon of gas. You are considering buying a new fuel-efficient car for $16,000 (after trade-in on your current car) that gets 42 miles per gallon. Insurance premiums for the new and old car are $900 and $500 per year, respectively. You anticipate spending $1700 per year on repairs for the old car and having no repairs on the new car. Assume gas costs $3.50 per gallon. Over a five-year period, is it less expensive to keep your old car or buy the new car? Over a five-year period, the cost of the old car is $ (Round to the nearest dollar as needed.) and the cost of the new car is $ Thus, over a five-year period, it is less expensive to

Mason Industries purchased a drilling rig for $75,900. Delivery costs totaled $2,817. The useful life is 7 years and the salvage value is $12,952. Prepare a depreciation schedule using the straight-line method. Mason IndustriesDepreciation Schedule—Drilling End of Year Annual Depreciation ($) Accumulated Depreciation ($) Book Value ($)   $78,717 (new) 1 $  $  $  2 $  $  $  3 $  $  $  4 $  $  $  5 $  $  $  6 $  $  $  7 $  $  $

A discount store purchased some special product at a list price of $1,200. If the broker gives a 10.25% trade discount, what is the amount of the trade discount? O $123.00 O $720.00 O $1,077.00 O $1,272.00 9. DETAILS BRECMBC9 7.1II.TB.005. ASK YOUR TEACHER Flora's Flowers buys some pots and vases with a list price of $22,700. If the supplier offers a trade discount that ylelds a net price of $18,955, what is the trade discount rate to the nearest tenth of a percent? O 13.5% O 16.5% O 83.5% O 86.5% 10. DETAILS BRECMBC9 7.1I.TB.013. ASK YOUR TEACHER Hard Blues Music buys CDs with a list price of $37,000. If the wholesaler offers trade discounts of 4/3/2, find the net price factor. O 0.08742 O 0.45629 O 0.74998 O 0.91258 MacBook Air 24 410 & 2 4 6 7\ 8 delete %3D RI T Y U fab P S F G ter caps lock K retur chift C V B N alt alt control option command command option

Red, Inc provides group term life insurance to all of its employees. Susan, a vice-president, received $200,000 of coverage for the year. The Uniform Premiums (based on Susan's age) are $ 15 per month for $1,000 o f protection How much of this must Susan include in gross income this year? O SO O $360.00 O $270.00 O $280.00

Rose Garza's regular hourly wage rate is $12.00, and she receives a wage of 1½ times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Rose worked 42 hours. Her gross earnings prior to the current week were $5,000. Rose is married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $20 per week.

For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Value Percentage of Percentage Appraised Value (in $) Potential Credit (in $) Lender's Balance of First Mortgage $125,500 60% $53,300 %24

1. You are the wage earner in a "typical family" with a $58,000 gross annual income. Use the easy method to determine how much insurance you should carry. (LO10.1)