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Problem - Cost-volume-profit analysis can also be used in making personal financial decisions. For example, the purchase of a new car is one of your biggest personal expenditures. It is important that you carefully analyze your options.
Suppose that you are considering the purchase of a hybrid vehicle. Let's assume the following facts. The hybrid will initially cost an additional $6,500 above the cost of a traditional vehicle. The hybrid will get 30 miles per gallon of gas, and the traditional car will get 18 miles per gallon. Also, assume that the cost of gas is $1.80 per gallon.
Required - Using the facts above, answer the following questions -
1. What is the variable gasoline cost of going one mile in the hybrid car? What is the variable cost of going one mile in the traditional car?
2. Using the information in part (a), if "miles" is your unit of measure, what is the "contribution margin" of the hybrid vehicle relative to the traditional vehicle? That is, express the variable cost savings on a per-mile basis.
Ali Inc returned 1500 sewing machines that cost $90 on Sept 25. Find Cost of goods sold and Ending inventory using FIFO
Explain how and why some changes in accounting principle are reported prospectively. why changes in estimates are reported prospectively.
Truro Excavating Co., owned by Raul Truro, began operations in July and completed these transactions during that first month of operations.
The tax rates are as shown. Your firm currently has taxable income of $83,200. What are the average and marginal tax rates
Lomax Enterprises purchased a depreciable asset for $27,500 on March 1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset's salvage value is $3,100,
the following data relate to a 200000000 5 bond issued for a selected semiannual interest period bond carrying amount
With reference to FRS 115, identify the performance obligation(s) in the contract between ABC and EA. Explain your answer
Company reports a loss in 2014 of $590,000. The company reported a taxable income of $123,000 in 2012 &. $232,000 in 2013.
Intrepid Adventures Pty, At what price would you advise the owners of the firm to issue the shares, assuming a required rate of return of 8% p.a?
Calculate the difference between current assets and current liabilities for Garys TV at December 31, 2009. Calculate the total assets at December 31, 2009.
For this one-problem, define capital asset and discuss the purpose of depreciation of assets, why depreciation directly affects valuation of asset at disposal
In 2012, the first year of operations, Cutting Edge produced 25,000 units and sold 20,000 units. Compute the net income under variable costing for each year
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