How many miles must he drive to break even? (Do not round intermediate calculations. Roundup your answer to the next whole number.)

Q: 4. Evan and Chase are driving from Miami, Florida to New York City, a distance of 1,292 miles. How…

A: Time and distance problems entails assessment of total distance traveled at average speed in…

Q: u paid $10,000 for a car whose value is depreciating by 15% per year, compounded annually.  Assuming…

A: Depreciation : Depreciation is the reduction in the cost of the assets due its day to day use and…

Q: Can I have an asnwer and solution for this one, please?

A: The effective rate compounded quarterly can be calculated as follows : Effective rate = 1 + 4%44 - 1…

Q: pre go up or down?

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What are delayed revenues, and how do they work? Give three specific instances.

A: Delayed revenues, and three specific instances will be explained:

Q: Sam is buying a used car. Payments will be $326.25 every month for 4 years, with the first payment…

A: Payment per month is $326.25 The time period is 4 years The interest rate is 5.150% Compounded…

Q: I now have $23,000 in the bank earning interest of 0.50% per month. I need $33,000 to make a down…

A: Future value of the amount is the amount being deposited and amount of interest accumulated on…

Q: Suppose you want to buy some new furniture for your family room. ● You currently have $500, and the…

A: The number of periods can be computed using the NPER Function in excel.

Q: how do i find the missing angle if there is three angles inside of a triangle and one side is 56…

A: To find the missing angle in a triangle when you already know two of the angles, you can use the…

Q: Dante has 45 miles to his destination after 40 minutes of driving, and he has 36 miles to his…

A: The given details are:Distance remaining after 40 minutes of driving: 45 milesDistance remaining…

Q: The diagram below is an example of negative or positive feedback? Account balance grows More…

A: The graph shows the Cyclical Nature of Growth due to the concept of compound interest:As the account…

Q: Do you mind writing the formula for the monthly payment in another way?

A: Here, The loan amount is P. The periodic payment is PMT. The annual rate of interest is r. The…

Q: Please help! Thank you Assume you have just accepted a job t Because your current car is on its…

A: Depreciation is recorded as an expense on the income statement and as accumulated depreciation on…

Q: Question 2 You want to buy a new ski boat 6 years from now, and you plan to save $1,000 every year.…

A: Compounding is a technique to find out the equivalent future value of the present amount.

Q: In order to buy a new car, you finance $18000 with no down payment for a term of five years at an…

A: The given details are:The initial loan of the car: $18,000APR: 5%Term: 5 years with monthly…

Q: 2. Draw the cash flow for a who is person buying a car for 12 months with an initial cost of $15,000…

A: Cash flow diagram shows the cash inflows and the cash outflows with the associated time periods.

Q: Would you rather receive $500 today or $500 after one month? (In terms of TVM)

A: According to Time Value of Money, the value of money reduces with time. The amount we receive after…

Q: You are a real estate agent thinking of placing a sign advertising your services at a local bus…

A: Payback period is the period of time in which the initial investment is recovered by the project's…

Q: Do time lines deal only with years, or can other time periods be used?

A: The term time line refers to list of events which take place in chronological order. Timelines are…

Q: Jerry believes that “dual effect” indicates that, for all transactions, one account will increase…

A: Given case is:  Jerry believes that “dual effect” indicates that, for all transactions, one account…

Q: Larry wants to start a business. He'll need money available in 7 months to pay for the down payment…

A: The future value of money refers to the value that money is projected to have in the future. It…

Q: Justin bought a Scion car for a price of $8,200, putting down $800 and financing the remainder with…

A: Car Cost = $8,200 Down Payment = $800 Time Period = 60 Months Monthly Payment = $179.99

Q: Under which circumstances would the time value of money become a factor that affects the transaction…

A: Answer:   Option 3.

Q: You are a real estate agent thinking of placing a sign advertising your services at a local bus…

A: Payback period refers to the time period in which the total investment in permanent assets pays back…

Q: w do I g

A: Journal entries serve as the foundation for developing financial statements, monitoring financial…

Q: only. (2) Use four decimal places for your calculations. Show your answers by rounding the…

A: The Time Value of Money (TVM) is a fundamental financial concept that illustrates the idea that…

Q: Scenario 1: you want to purchase a new vehicle and you have your heart set on a brand-new SUV. you…

A: Introduction : A credit score can be understood as the numerical expression that represents an…

Q: First three are answered. I only need last question answered. i will rate posiitve. thank yo

A: Maintainance margin, is an important term in the world of trading and investing. It refers to the…

Q: a machine is bought at a price of P92,821.00 that would have an economic ife of 12 years, at what…

A: Depreciation is the amount of non cash expense that is usually charged on the asset because of wear…

Q: You go to an auto dealer and buy a new car. you drive the car home immediately after making the…

A: When trading of tangible products is done then it is a physical asset market. So, an individual is…

Q: Jack places an amount of 560 in an account at the end of each year for 12 consecutive years…

A: Annual depoist (C) = $560Interest rate (r) = 0.08Number of deposits (n) = 12Value at the end of 12th…

Q: You forgot to give me the second part of the question. When should you purchase the equipment?

A: since The NPV is positive in 3rd year = $66.32.

Q: If you buy a car for $49,000 use it for 9 years and then sell it for $9,000, what is the capital…

A: The idea of the minimum appealing rate of return (MARR) in conjunction with the capital recovery…

Q: On number 5 I don't know what to use as the starting and ending periods for the formula.

A: Part 5) Calculation of Variable Balance Depreciation –

Q: You are a real estate agent thinking of placing a sign advertising your services at a local bus…

A: Payback Period is the duration of time within which the initial cost of the project will be…

Q: es Kristen Lu purchased a used automobile for $28,600 at the beginning of last year and incurred the…

A: Variable Expenses are those expenses which varies with the change in the volume of the activity.…

Q: Compute a final numerical answer for each of the following problems. You should work out your…

A: Payback period refers to the period required to cover initial investment from the cash flows.

Q: Use the present value and future value formulas to solve the following problems. Confirm your…

A: Please refer to the image below

Q: David Arredondo was paying for a car in monthly payments of $ 2,000 for ten years. He had already…

A: Present value of annuity is the current value of the future payments that are calculated using the…

Q: can you help me to adjust the trial balance?

A: The Trial Balance as on 31st December 2020  given. Adjustments are given  Required  Prepare Trial…

Q: What is the purpose of the adjusting journal entries?

A: “Since you have asked multiple questions, we will solve the first question for you.  If you want a…

Q: Isn't the final payment going to be $144.78? How did you get final payment of $138.51

A: Table showing the final payment: Snapshot:

Q: You are a real estate agent thinking of placing a sign advertising your services at a local bus…

A: Payback period: Payback period is the length of time in which an investment reaches its break-even…

Q: Answer questions 3 to 4 based on the following information. Edwin faces two risks. They are car…

A: Q1 :Correct answer is (a)

Q: You are a real estate agent thinking of placing a sign advertising your services at a local bus…

A: Payback period is reflective of the period within which the total cost and investment incurred by…

Q: QUESTION: 1. Work Related Car Expenes (3800 Km + 500 Km) * $0.72 per Km? May know which method are…

A: Use the cents per KM method if you are claiming less than 5000km. Use the logbook method if you are…