1. A vehicle had a beginning odometer reading of 110,500 on 10/1/2019 and an ending...
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Accounting
1. A vehicle had a beginning odometer reading of 110,500 on 10/1/2019 and an ending odometer reading of 137,300 on 12/31/2019. What were the total elapsed miles for this vehicle during the 4th quarter 2019?
(15 pts)
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2. The vehicle from question #1 purchased 5,000 gallons of fuel during the 4th quarter 2019. What was the MPG (Miles Per Gallon) factor for this vehicle during the quarter? (15 pts)
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3. A licensee doesnt keep detailed mileage records. However, using maintenance records you are able to determine the following:
1) Oil Change 1/1/2019 at odometer reading 55,000
2) Tire Rotation 9/30/2019 at odometer reading 100,000
Please calculate the average miles driven, per quarter, for this vehicle during this time period. (15 pts)
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4. A licensee provides you the following total miles driven, total fuel purchased and MPG by quarter as follows:
1st qtr Miles 10000 Fuel 2000 MPG 5.00
2nd qtr Miles 20000 Fuel 5000 MPG 4.00
3rd qtr Miles 20000 Fuel 4500 MPG 4.44
Using the above information, please calculate the total miles, total fuel and average MPG for the combined 3 quarters (15 pts)
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