Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Zipcar (umw zipcarcom) is a car-sharing club founded in Cambridge. Massachusetts, in 1999. The club members pay an annual fee and then have the opportunity

image text in transcribed
image text in transcribed
image text in transcribed
Zipcar (umw zipcarcom) is a car-sharing club founded in Cambridge. Massachusetts, in 1999. The club members pay an annual fee and then have the opportunity to rent from a pool of available cars for a fixed hourly or daily rate Zipcar is located largely in select metropolitan areas such as Boston, San Francisco, and Washington, D. C. Members, called "Zipsters," make reservations for a car on the Zipcar website and then use an access card to open the vehicle. The vehicle has a "home base- parking spot where the driver picks up and returns the vehicle: The club-which operates in more than 500 cities and towns, at more than 600 college campuses, and at 50 airports - has grown to more than 1 million members since its initial public offering in April 2011. The Zipcar website provides details on membership and mentions a $9.00 monthly membership fee. A car can be rented for an hourly or daily rate. While the actual rate can vary, a car can be rented for about $700 per hour, which includes 20 free miles, or for a $78 daily rate, which includes 185 free miles per day, and a charge of $0.50 per mile for each mile over 185 . Required: 1. Assume you will take a two-day trip to visit some friends over the weekend and you will drive 410 miles. What is the total cost of this trip? 2. You are trying to estimate your monthly spending on your Zipcar membership. You plan to make four weekly trips to run errands like grocery shopping, going to the pharmacy, etc. Each trip will take about two hours and be about 15 miles. You will aiso take a trip over a three-day weekend to visit your family and expect the trip will cover a total of 460 miles. How much do you expect your Zipcar costs to be for the coming month? Complete this question by entering your answers in the tabs below. Assume you will take a two-day trip to visit some friends over the weekend and you will drive 410 miles, What is the total cost of this trip? You are trying to estimate your monthly spending on your Zipcar membership. You plan to make four weekly trips to run errands like grocery shopping, going to the pharmacy, etc. Each trip will take about two hours and be about 15 miles, You will also take a trip over a three-day weekend to visit your family and expect the trip will cover a total of 460 miles. How much do you expect your Zipcar costs to be for the coming month

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_2

Step: 3

blur-text-image_3

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

Conservation Easement Audit Techniques Guide

Authors: U.S. Internal Revenue Service

1st Edition

0359516998, 978-0359516995

More Books

Students also viewed these Accounting questions

Question

Describe how language reflects, builds on, and determines context?

Answered: 1 week ago