Kathy purchased a new car for $37,800. From her research she has determined that it straight line
Question:
Kathy purchased a new car for $37,800. From her research she has determined that it straight line depreciates over 14 years. She made a $7,000 down payment and pays $710 per month for her car loan.
a. Create an expense and depreciation function where x represents the number of months.
b. Graph these functions on the same axes.
c. Interpret the region before, at, and after the intersection point in the context of this situation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (5 reviews)
a Lets call the number of months x The expense function can be expressed as Expensex 37800 7000 14 y...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
Question Posted:
Students also viewed these Mathematics questions
-
Kathy purchased a new car for $37,800. From her research she has determined that it straight-line depreciates over 14 years. She made a $7,000 down payment and pays $710 per month for her car loan....
-
Winnie purchased a new car for $54,000. She has determined that it straight line depreciates to zero over 10 years. When she purchased the car, she made an $8,000 down payment and financed the rest...
-
Kathy Stonewall bought a new car for $15,458. A dealer's financing was available through a local bank at an interest rate of 11.5% compounded monthly. Dealer financing required a 10% down payment and...
-
Tatum is a consultant at R.G. & Company (R.G.), a global consulting firm. She has enjoyed the past few years working at the company. As an ambitious person, she has been focusing on her long-term...
-
Consider the following set of data: a. Obtain the estimated regression equation. b. Examine the coefficient of determination and the adjusted coefficient of determination. Does it seem that either of...
-
Write the composite function in the form f ( g(x)). [Identify the inner function u = t(x) and the outer function y = f (u).] Then find the derivative dy/dx. y = 2 - e x
-
2. Prepare the adjusting entry on December 31, 2016. 468 CHAPTER 13 p R O B L E M S P 13-1
-
Presented below is the 2018 income statement and comparative balance sheet information for Tiger Enterprises. Required: Prepare Tiger's statement of cash flows, using the indirect method to present...
-
Which types of billable expenses can you add to invoices? (pick all that apply) A.Mileage B.Items C.Time D.Expenses
-
You are the manager of a credit department. The sales team has presented a large order from a new purchaser, Wizard Industries. For approximately 12 years, Wizard has been installing security and...
-
Mitzi looked up prices of 13 used Chevrolet HHR retro trucks in the classified ads and found these prices: $8,500, $8,500, $8,500, $9,900, $10,800, $10,800, $11,000, $12,500, $12,500, $13,000,...
-
Mindy is driving 32 mi/h as she nears an elementary school. A first-grade student runs into the street after a soccer ball, and Mindy reacts in about three-quarters of a second. What is her...
-
Jarem Company showed $189,000 in prepaid rent on December 31, 20X1. On December 31, 20X2, the balance in the prepaid rent account was $226,800. Rent expense for 20X2 was $472,500. Required: 1. What...
-
Melannie Inc. sold $8,200 worth of merchandise on June 1, 2015 on credit. After inspecting the inventory, the customer determined that 10% of the items were defective and returned them to Melannie...
-
2. (20 marks) A firm wishes to produce a single product at one or more locations so that the total monthly cost is minimized subject to demand being satisfied. At each location there is a fixed...
-
Evaluate your own negotiation way. Do you have one? how you consider having an excellent negotiaiton skill could help any business person to achieve its goals.
-
j. Interest was accrued on the note receivable received on October 17 ($100,000, 90-day, 9% note). Assume 360 days per year. Date Description Dec. 31 Interest Receivable Interest Revenue Debit Credit
-
A Chief Risk Officer (CRO) is interested in understanding how employees can benefit from AI assistants in a way that reduces risk. How do you respond
-
Minden Company is a wholesale distributor of premium European chocolates. The company's balance sheet as of April 30 is given below: The company is in the process of preparing a budget for May and...
-
One of the significant and relevant accounts for this cycle is equipment. For this account, what would typically be the most relevant assertions for the auditor to consider? Why is it important for...
-
Suppose 27 cases of Downs syndrome are found and only 19 are expected based on Birth Defects Monitoring Program prevalence estimates in the states of Washington, Idaho, and Oregon. Are there...
-
What is the probability of observing exactly 12 cases of cleft palate if there is no excess risk of cleft palate in the study area? Suppose 12 cases of cleft palate are observed, whereas only 7 are...
-
Do you feel there is a meaningful excess number of cases of cleft palate in the area surrounding the nuclear power plant? Explain. Suppose 12 cases of cleft palate are observed, whereas only 7 are...
-
Los siguientes datos corresponden a las operaciones de Turk Company el ao pasado: Ventas $ 900 000 Utilidad operativa neta $ 36 000 Margen de contribucin $ 150 000 Activos operativos promedio $ 180...
-
Problem 16-16 Tax Shields (LO2) River Cruises is all-equity-financed with 53,000 shares. It now proposes to issue $280,000 of debt at an interest rate of 12% and to use the proceeds to repurchase...
-
In a process costing system, companies use predetermined overhead rates to apply overhead
Study smarter with the SolutionInn App