Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Economic Aldo Redondo drives Aldo Redondo drives his own car on company business. His employer reimburses him for such travel at the rate of 47

Economic

Aldo Redondo drives

image text in transcribed
Aldo Redondo drives his own car on company business. His employer reimburses him for such travel at the rate of 47 cents per mile. Aldo estimates that his fixed costs per year--such as taxes, insurance, and depreciation-are $2,000. The direct or variable costs-such as gas, oil, and maintenance-average about 20.0 cents per mile. How many miles must he drive to break even? (Do not round intermediate calculations. Roundup your answer to the next whole number.) Break even point miles

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economic Change In Asia Implications For Corporate Strategy And Social Responsibility

Authors: M Bruna Zolin, Bernadette Andreosso O'Callaghan, Jacques Jaussaud

1st Edition

1317286650, 9781317286653

More Books

Students also viewed these Economics questions

Question

What, if any, generalizations can you draw from the interview?

Answered: 1 week ago

Question

What would you do if the bullies and victim were girls?

Answered: 1 week ago