You will be comparing the following 3 scenarios: You will buy a new or used car to
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Question:
You will be comparing the following 3 scenarios:
- You will buy a new or used car to make your deliveries. You may consider any type of car; including any type of "tiny" car: https://cars.usnews.com/cars-trucks/smallest-cars-on-the-market(Links to an external site.)
- You will buy a moped to make your deliveries.
- You will buy a bicycle to make your deliveries.
Assumptions you may want to consider:
- Revenue: (here is how you will make money):https://rideshareapps.com/doordash-driver-promo-code/.How will you make money in each scenario? How many hours/day/weeks will you work per month or year?
- Initial Startup Costs of Operations (First Year Costs): https://www.doordashstore.com/category.aspx?ID=11742 What are some of the initial start up costs of each scenario?
- Operating Costs: How will you determine your monthly/yearly expenses? Gas Expense, Insurance Expense, Phone Expense, Maintenance Expenses
For each scenario, provide the Return on Investment (Profit/Investment Cost) and the Payback Period (Initial Cost/Annual Net Cash Inflow)
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