Solution-Abc taxis has an average fixed cost of pound9000 a

Abc taxis has an average fixed cost of pound9000 a year for

Reference no: EM13567754

ABC Taxis has an average fixed cost of £9,000 a year for each car. Each kilometre driven has variable costs of 40 pence and collects fares of 60 pence. How many kilometres a year does each car have to travel before making a profit? Last year each car drove 160,000 kilometres. What does this tell you? How would the distance travelled have to change to reduce the average cost per kilometre by 5%?

Reference no: EM13567754

Questions Cloud

Managerial accounting emphasizes short-term profit analysis : managerial accounting emphasizes short-term profit analysis so the income statement is very important. consequently

During one surgery the doctor was called away for an : a family doctor sees patients for an average of 10 minutes each. there is an additional 5 minutes of paperwork for each

The fiscal year ends december 31 for lake hamilton : the fiscal year ends december 31 for lake hamilton development. to provide funding for its moonlight bay project lhd

You borrow 1000 from me today and promise to repay a lump : you borrow 1000 from me today and promise to repay a lump sum of 1000 to me at the end of 3 years and pay interest on

Abc taxis has an average fixed cost of pound9000 a year for : abc taxis has an average fixed cost of pound9000 a year for each car. each kilometre driven has variable costs of 40

Haas comp opened a new store oct 1 2015 preparing the cash : haas comp. opened a new store oct. 1 2015. preparing the cash budget the company has a shortage of 178072. they have to

Prepare a cash budget for each month of the fourth quarter : chester amp wayne is a regional food distribution company. mr. chester ceo has asked your assistance in preparing

The process of determining present value the interest : this exercise will quiz you about terminology used in this appendix.at list of accounting terms with which you should

The may 1 work in process inventory consisted of 105000 : the may 1 work in process inventory consisted of 105000 pounds with 219450 in materials cost and 134400 in conversion

User Account

All Pages

Abc taxis has an average fixed cost of pound9000 a year for

Reference no: EM13567754

Reference no: EM13567754

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

What is the difference between speculation and hedging

What share price will you receive a margin call?

Assuming that a one-year call option with an exercise price

Suggest the financial ratio that most financial analysts

Given the fair prices at the various yields to maturity can

Evaluate whether they are exhibiting any sign

What is the difference between a 401-k and an ira

Calculated all manually with no excel formulation

What are examples of unusual or dysfunctional costing

Determine payback period and net present value

After extensive research you believe the probability

The operations management team evaluated ranked and

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT