The wear-and-tear cost of operating your car

Assignment Help Financial Management

Reference no: EM13805038

You need to get gasoline for your car. You can drive ten miles (round trip) to a gas station on the outskirts of town and save 12 cents per gallon on the price of gasoline. If gasoline costs $3.4 per gallon and your car gets 31 miles per gallon for in-town driving, how many gallons of gasoline must you buy at the edge-of-town station to save enough on your fill up to pay for the cost to going to the station and back? Ignore the wear-and-tear cost of operating your car in this example. (Enter your answer as a number without the units of gallons.)

Reference no: EM13805038

Questions Cloud

Workstations to provide the features and performance : There have been problems with sluggish performance on the warehouse computers when they attempt to access server files. Which edition(s) of Windows 7 would you select for the workstations to provide the features and performance they require most e..

Our firm is considering investing in the following two indep : Your firm is considering investing in the following two independent projects: Project A Project B Initial Investment End-of Year Cash Flow Initial Investment End-of Year Cash Flow $60,000 $35,000 $80,000 $25,000 $25,000 $25,000 $30,000 $40,000 $40,00..

Purchase cost-maintenance-plus electric power consumption : A motor capable of delivering 200 hp to steel rolling mill drive is being evaluated in a present economy study. The selected motor will only be utilized for one year, and it will have no market value at the end of the year. Pertinent data are summari..

Implementation of contingency plan : What types of economic evaluations should Shadyville use to rationalize the decision between the implementation of Contingency Plan 1 and Contingency Plan 2? Why?

The wear-and-tear cost of operating your car : You need to get gasoline for your car. You can drive ten miles (round trip) to a gas station on the outskirts of town and save 12 cents per gallon on the price of gasoline. If gasoline costs $3.4 per gallon and your car gets 31 miles per gallon for i..

Calculate the price of the following semi annual coupon bon : 1. Calculate the price of the following semi-annual coupon bond (issued on 1/1/2015) AS OF 1/1/2018. Coupon payments occur on 6/30 and 12/31 of each year so the first coupon payment took place on 6/30/2015, and the last coupon payment will occur on 1..

Rent per month must you charge in order to break even : You have decided to buy a small apartment building for $100,000 near a local college. You used $10,000 as a down payment and obtained a mortgage from a local bank for the remaining $90,000. The annual mortgage payment to the bank is $11,500. how much..

Minimum of five paragraphs : Research a university men or women's chorus. it needs to be a minimum of five paragraphs with one being the intro, two being the history of the choir, three being the style of the choir, four being the current conductor and previous conductor

What is the relationship between health care cost and qualit : What is the relationship between health care cost and quality. Select one public agency and one private agency and differentiate their roles and major activities in addressing cost and quality in health care.

User Account

All Pages