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BE SURE YOU FULLY UNDERSTAND ALL CHECKPOINT PROBLEMS FROM THIS UNIT BEFORE YOU COMPLETE THIS...

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Accounting

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BE SURE YOU FULLY UNDERSTAND ALL CHECKPOINT PROBLEMS FROM THIS UNIT BEFORE YOU COMPLETE THIS EXAM. SHOW AS MUCH WORK AS POSSIBLE AND ROUND YOUR ANSWERS TO THE NEAREST HUNDREDTH OR CENT. 1. Desmond and Molly Jones are interested in purchasing a minivan. The base price is $24,417. pp.341-346 Molly wants the power rear liftgate option for $310 and a reverse sensing system option for $445. Desmond would like the fold-flat third-row seat option for $148 and the in-floor storage option for $144. They calculate the dealer's costs (86% of the base price, 70% of the options price, and a $795 destination charge). How much is the dealer's cost? 2. Rocky bought a used car four years ago for $4,590.00 cash (Rocky did not take out a car pp.354-356 loan). Currently the car is valued at $2,227.00. This year Rocky drove his car 9999 miles. He paid $97.12 for his annual insurance and $I01.00 for the car's registration. Annual variable costs this year included $1,449.13 for gas, $38.19 for oil and filters, and $440.64 for a brake repair. Calculate the car's annual depreciation and this year's cost per mile. This Year's Cost per Milcz Annual Depreciation = (over) 17 2328A

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