Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello, could you solve this problem in an excel spreadsheet? See attached file. Which car to buy? Mr. Fox is a taxi company owner. He

Hello, could you solve this problem in an excel spreadsheet? See attached file.

image text in transcribed
Which car to buy? Mr. Fox is a taxi company owner. He is going to buy a new car. Cars M, C, R suite his needs and the prices are 25000, 22000, 23000 euros accordingly. His decision will be based on total costs per kilometer criterion. All the necessary data is given in the table below. Table Costs oflhe m Costs Car Fixed costs per year M C R Salaryr 13200 13200 1 3200 Depreciation, 15% Car insurance, 3% Variable costs per 1'00 km Fuel 11.50 13.10 12.60 Oil 1.1? 1.31 1.26 Maintenance and Repair 190 3.00 \"(.79 Tire wear 1.85 2.10 2.25 Calculate xed, variable and tutai costs per kilometer for each car. Find a recommended price per kilometer, if 80% of it equals to the total costs per kilometer. Use the Data/Table tool to calculate an average criterion value and deviatlon from the average for each vehicle when the distance travelled per year changes from 10000 up to 40000 km in steps of 2000 km. Build a chart ofdevlations to facilitate Mr. Fox decision. Write down your recommendations

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

Agile Project Management With Kanban

Authors: Eric Brechner

1st Edition

0735698953, 978-0735698956

More Books

Students also viewed these General Management questions

Question

How does your message use nonverbal communication?

Answered: 1 week ago

Question

What reactive strategies might you develop?

Answered: 1 week ago