Hair Dryer Case\ Read the Hair Dryer Case along with the accompanying information and submit your answer as instructed.\ The Problem\ This morning, the hair dryer of one of the students in this class broke. The student, Jane, discussed the problem with her older brother Dick.\ Dick: Hi, Jane. What happened to your hair dryer?\ peopleimages.com /\ stock.adobe.com\ Jane: It broke this morning in the shower. I was multitasking.\ Dick: I really don't think you should use it in the shower. Walmart has some on sale for

$10.00

.\ Jane: Plus, another

$0.60

for sales tax. And I will have to use my credit card and pay for it one year from now.\ Dick: You will have to pay

19%

interest; that is

$2.00

for 1 year. You should sign up for a personal finance course.\ Jane: Well, I will have some extra driving too. According to Google Maps, Walmart is 10 miles from here and the school is 18 miles. But since Walmart is sort of on\ the way, it only adds two miles to the round trip.Dick: That is also about 15 minutes that you cannot talk to your friends. Are you going to drive or will you have our neighbor Mr. Spot drive you? Mr. Spot is cheap\ and he will charge you

$3.00

.\ Jane: I prefer to drive.\ Dick: You sure have gotten a lot of use out of the Ford Escort I sold you 4 years ago.\ Jane: Yes, that was a good

$7,500

investment. In another year, I will have gotten five years use and put 100,000 miles on it, and it will still have a

$500

resale\ value. Since I am graduating then, I can use that

$500

as a down payment for a new car. With gas at

$3.30

per gallon, l'll need to make sure my new car gets 30\ miles to the gallon, like this one.\ Dick: What are you doing after school?\ Jane: I am going to work at Joe's Bistro. I now get

$12.00

per hour, and I am up to 20 hours per week. This little problem with the hair dryer will not affect my work\ hours.\ Dick: By the way, I will give you a dollar for the old hair dryer. I might be able to fix it up and use it to dry the new puppy when it rains.\ Jane: Sure. Well, I better get going or I will be late for school.Additional Information\ Three notes to avoid confusion, based on student emails received in the past:\ The credit card interest is exactly

$2.00

.\ I realize you are not driving to this online class, but Jane is. The round trip to school is

18+18=36

miles. Including Walmart in the trip is

18+2+18=38

miles. Driving\ to Walmart roundtrip without going to school is

10+10=20

miles. Treat 36,38 , and 20 as given information.\ Mr. Spot will take Jane to school, stopping at Walmart on the way, and will bring her back home for his fee-the entire 38 miles.\ stock.adobe.com\ Questions\ assignments you submit during the semester.\ knowledge is aligned with what they will learn, which makes the learning process less intimidating.\ What did the hair dryer cost? Can you come up with at least three different possible costs that you feel can be logically defended? Label this Part 1 in the Excel solution file.\ words. Label this Part 2 in the Excel solution file.\ Upload your Excel solution to the Hair Dryer Case Solution Submission Page assignment in this module.\ .

Additional Information Three notes to avoid confusion, based on student emails received in the past: - The credit card interest is exactly $2.00. to Walmart roundtrip without going to school is 10+10=20 miles. Treat 36,38 , and 20 as given information. phasarnwong2b1 / / - Mr. Spot will take Jane to school, stopping at Walmart on the way, and will bring her back home for his fee-the entire 38 miles. stock.adobe.com Questions assignments you submit during the semester. knowledge is aligned with what they will learn, which makes the learning process less intimidating. words. Label this Part 2 in the Excel solution file. Upload your Excel solution to the Hair Dryer Case Solution Submission Page assignment in this module