3.75% per year, which was in-line with the yecls foel paice informacion besed on geographic loeoation But arca roqairing refermolated or cosrensional fuel Becaune the lackedenough wealth co pay cash for the purchse of h | Prime Rate. Because of his thriftiness, Jim had%. I abean-ue ofwheher the area where Jim drives wn n an without offeceting his or Rebecca's mom's lifestyles speuic decalh ind acedled to get to s revicw session for intermedhate clan, Rebecca decided no use the US avernges DRIVING HABITS Rebecca did sot need an e-mail to sell her shout Jim's driving CONCLUSION A car horm startled Rebecca out of her automotive She motioned to her roommate that she will be out in a for their well deserved, end of semester dinner. Rebecca knew she would need to put her thoughts into a more usable formar habits He had recently commented that his current Scion 0 had eopped 100,000 miles afer five and a half years of ownership He boughe that car as a reaction to the spike in fuel before heading home over break. So diesel got better prices in 2012 and regreted his decision ever since but it costs more per gallon and was a large additional cost at the time of purchase. This would require more than an a approach. Did she have all the information she needed to perform her analysis? What approach should she use to gi dad the best information to make a decision? Rebeccs smpectrd that the miles he drowe per year had dechined some since she and her siblings had gone off to college more than choee years agn even though they usually refiuned to ride in his ca brane, frankly, ? was entanassing As Rebera gradated and went off o college and with ber siblings in the Peace Corps overseas ve her i would not have to drive them around anymone, thereby reducing have to drive them around his mileage Rebecca also knew that Jim and her mother would take diving vacaoioes as they became empty nesters. She decided that i would continue to drive approximately 18,000 miles per year for the celle future. Her best guess was that 60% ofhis driving What data does Rebecca need to help perform the analysis for her dad? 1. 2 What assumptions should she use in her calculations 3. What technique should Rebecca use to solve this problem was highway miles, while 40% were driven in theory Jim had been very chrifty chroughout his life. He was a very4 cautious investor even more so now that he was getting older Duing Rebecca's last trip home, he had said that he thought he could continue to earn a return on all of his investments of What might Rebecca's solution look like? 5. What recommendation should Rebecca make? How should it be presented to Jim? Gasoline and Diesel Prices per Gallon, September 2016 to February 2017 Sep-16 0ct 16 Nov 18 Dec-18 2.366 Jan-17 2458 258 Feb-17 Average U. Gasolne Pices, All Grades 2 359 2 454 2 295 verage US Ciesel Highwayl Prices All Types 2 394 ABOUT IMA (INSTITUTE OF MANAGEMENT ACCOUNTANTS) MA, the association of accountants and financial professionals a buainess, is one of the largest and most respected ssociations focused exclusively on advancing the management acounting prufession. Globally, IMA supports the profession through rtsearch, the CMA (Certified Management Accountant) program, continaing education, networking and advocacy of the highest ethical business pracices. IMA has a global network of more than 100,000 members in 140 countries and 300 professional and tudent chapters. Headquartered in Montvale, N.J.USA, IMA provides localized services through its four global regions: The Americas, Asia/Pacific, Europe, and Middle Eas/lndia For moreVO nbmation about IMA, plesse visit www.imanet.org IMA EDUCATIONAL CASE JOURNALvoL 11, NO. 1, ART. 3, MARCH 2018 3.75% per year, which was in-line with the yecls foel paice informacion besed on geographic loeoation But arca roqairing refermolated or cosrensional fuel Becaune the lackedenough wealth co pay cash for the purchse of h | Prime Rate. Because of his thriftiness, Jim had%. I abean-ue ofwheher the area where Jim drives wn n an without offeceting his or Rebecca's mom's lifestyles speuic decalh ind acedled to get to s revicw session for intermedhate clan, Rebecca decided no use the US avernges DRIVING HABITS Rebecca did sot need an e-mail to sell her shout Jim's driving CONCLUSION A car horm startled Rebecca out of her automotive She motioned to her roommate that she will be out in a for their well deserved, end of semester dinner. Rebecca knew she would need to put her thoughts into a more usable formar habits He had recently commented that his current Scion 0 had eopped 100,000 miles afer five and a half years of ownership He boughe that car as a reaction to the spike in fuel before heading home over break. So diesel got better prices in 2012 and regreted his decision ever since but it costs more per gallon and was a large additional cost at the time of purchase. This would require more than an a approach. Did she have all the information she needed to perform her analysis? What approach should she use to gi dad the best information to make a decision? Rebeccs smpectrd that the miles he drowe per year had dechined some since she and her siblings had gone off to college more than choee years agn even though they usually refiuned to ride in his ca brane, frankly, ? was entanassing As Rebera gradated and went off o college and with ber siblings in the Peace Corps overseas ve her i would not have to drive them around anymone, thereby reducing have to drive them around his mileage Rebecca also knew that Jim and her mother would take diving vacaoioes as they became empty nesters. She decided that i would continue to drive approximately 18,000 miles per year for the celle future. Her best guess was that 60% ofhis driving What data does Rebecca need to help perform the analysis for her dad? 1. 2 What assumptions should she use in her calculations 3. What technique should Rebecca use to solve this problem was highway miles, while 40% were driven in theory Jim had been very chrifty chroughout his life. He was a very4 cautious investor even more so now that he was getting older Duing Rebecca's last trip home, he had said that he thought he could continue to earn a return on all of his investments of What might Rebecca's solution look like? 5. What recommendation should Rebecca make? How should it be presented to Jim? Gasoline and Diesel Prices per Gallon, September 2016 to February 2017 Sep-16 0ct 16 Nov 18 Dec-18 2.366 Jan-17 2458 258 Feb-17 Average U. Gasolne Pices, All Grades 2 359 2 454 2 295 verage US Ciesel Highwayl Prices All Types 2 394 ABOUT IMA (INSTITUTE OF MANAGEMENT ACCOUNTANTS) MA, the association of accountants and financial professionals a buainess, is one of the largest and most respected ssociations focused exclusively on advancing the management acounting prufession. Globally, IMA supports the profession through rtsearch, the CMA (Certified Management Accountant) program, continaing education, networking and advocacy of the highest ethical business pracices. IMA has a global network of more than 100,000 members in 140 countries and 300 professional and tudent chapters. Headquartered in Montvale, N.J.USA, IMA provides localized services through its four global regions: The Americas, Asia/Pacific, Europe, and Middle Eas/lndia For moreVO nbmation about IMA, plesse visit www.imanet.org IMA EDUCATIONAL CASE JOURNALvoL 11, NO. 1, ART. 3, MARCH 2018