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Question - John is the sole owner of Green River Company. During the year, he bought a car for his personal and business use. In total, he drove it 14,210 miles for business and 18,450 overall. During the year, he spent the following total expenses on the car:
a. Fuel $2,956
b. Oil changes $230
c. New tires $460
d. Repairs $410
e. Insurance $975
f. Car washes $125
He paid $25,000 for the car when he bought it in February. The total depreciation allowable, assuming 100% business use, was $4,100. In addition to the above expenses, John paid $455 for parking, ferry, and toll charges. Determine the largest deduction that John is entitled to. Again, be sure to show ALL your work for credit.
Suppose a risk-free asset has an expected return of 5%. By definition, its standard deviation is zero, and its correlation with any other assets is also zero. Using only Asset A and the risk-free asset, plot the attainable portfolios.
Hector's Delivery Service uses four small vans and six pickup trucks to deliver small packages in the Char- lotte, North Carolina, metropolitan area. Hector spends a considerable amount of money on the gas, oil, and regular maintenance of his vehi..
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