Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 5 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 17 Aug 2017 My Price 6.00

Snap Rentals, Inc.

Planning Future sales

e13A. Business appliCation ▶ Short-term automobile rentals are Snap Rentals, Inc.’s specialty. Average variable operating costs have been $20 per day per automobile. The company owns 50 automobiles. Fixed operating costs for the next year are expected to be $150,000. Average daily rental revenue per automobile is expected to be $40. Management would like to earn a profit of $50,000 during the year.

1.    Calculate the total number of daily rentals the company must have during the year to earn the targeted profit.

2.    On the basis of your answer to 1, determine the average number of days each auto- mobile must be rented.

3.    Determine the total revenue needed to achieve the targeted profit of $50,000.

4.    What would the total rental revenue be if fixed operating costs could be lowered by

$5,000 and the targeted profit increased to $70,000?

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 12:08 AM My Price 6.00

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