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Ms. Misty Dorsey is the vice-president in charge of design. She is provided with an Infiniti Q60 IPL, which the company leases for $620 per
Ms. Misty Dorsey is the vice-president in charge of design. She is provided with an Infiniti Q60 IPL, which the company leases for $620 per month. This amount includes a $100 per month payment for insurance. The car is available to Misty throughout the current year, during which she drives a total of 51,000 kilometres. Of this total, 14,000 kilometres was for employment purposes and 37,000 for personal use. Operating costs, all of which were paid by the company, totaled $11,300. Because of her extensive personal use of the vehicle, Misty pays the company $200 per month.
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