Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assuming that the average cost of gasoline over th

Assuming that the average cost of gasoline over the next 10 years is $3.00 per...

60.1K

Verified Solution

Question

Accounting

Assuming that the average cost of gasoline over the next 10 years is $3.00 per gallon, what would your average fuel cost be each year from owning a hybrid? (To calculate this, you need to divide your miles per year by the mile per gallon rating to calculate the number of gallons of gas you would use in a year. Then multiply this by the cost per gallon.) Please perform the same calculation for a traditional vehicle. Show your work!
Additional Information:
Miles per year:15,000
Miles per gallon rating:Car 1=53 mpg Car 2=29 mpg
Cost per gallon: $3.00

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Question 10 1 point Supposo ing c

Basic Math
Q

A pension fund manager is considering three mutual funds. The first is a stock fund, the...

Finance
Q

Let A = 0 2 0 1 0 2 0 1 0 . (a) Find the eigenvalues of...

Advance Math
Q

1.) What is the rate law for the following mechanism in terms of the overall rate constant...

Chemistry
Q

The sun orbits the centre of the galaxy Milky Way in almost circular path of...

Physics
Q

We are standing on the top of a 432 feet tall building and launch a...

Basic Math
Q

Find the missing variable for each direct variation 1 r

Algebra
Q

As more firms entertain the option of developing reverse logistics supply chains, explain...

Accounting
Q

Brief Exercise 14-9 Presented below are incomplete manufacturing cost data. Determine the missing amounts for...

Accounting
Q

Crane Corporation uses the perpetual inventory system and began business on April 1. During the...

Accounting
Q

When a buyer purchases inventory, the buyer never pays the freight when the shipping...

Accounting
Q

Exercise 7-11A (Algo) Preparing a schedule of cash payments for selling and administrative expenses LO...

Accounting