The gas station on the edge of town has gas that is 30c/gallon cheaper than my local station. I buy 10 gallons of gas a week. Assume that I value my time at $10 per hour and it takes me 1/2 hour to drive to and from the faraway station. For simplicity, assume the travel cost to the local station is zero miles and damage/depreciation of my car is trivial on the trip to the faraway station. Should I buy my gas at the faraway station
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The gas station on the edge of town has gas that is 30c/gallon cheaper than my local station. I buy 10 gallons of gas a week. Assume that I ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A new generation of lunch trucks in cities such as New York, San Francisco, and Los Angeles is serving high-end fare such as hamburgers made from grass-fed cattle, escargot, and crème brulee, at less expensive prices than sit-down restaurants.
Answers (2)
John recently launched a marketing program to increase revenues for his dog grooming business. it has been 3 months since the program was initiated.
Answers (1)
Janet lives in Centralville, where the tax rate is 3.2%. Her property is assessed at $42,000. What is her tax?
Answers (1)
Ayayai Corp. had the following transactions during 2017: 1. Issued $235000 of par value common stock for cash. 2. Recorded and paid wages expense of $112800. 3. Acquired land by issuing common stock of par value $94000. 4.
Answers (1)
The Supplies account balance on February 1, 2016 was $2,000. During the month of February Bravo purchased $12,000 of supplies for use in its operations.
Answers (1)
New Questions in Business
Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 20,000 shares authorized, 9,000 shares issued, and 8,000 shares of common stock outstanding. The journal entry to record the dividend payment is:
Answers (1)
The New Zealand dollar to U. S. dollar exchange rate is 1.35 , and the British pound to U. S. dollar exchange rate is 0.61. If you find that the British pound to New Zealand dollar were trading at 0.54 , what would be the riskless profit per U. S.
Answers (1)
The primary factor that influences the dividend policies of companies around the world is the level of protection that exists for the rights of minority stockholders. a. True b. False
Answers (1)
Which of the following is NOT one of the main six factors to consider when evaluating how much your firm should spend on IT infrastructure?
Answers (1)
Smart Services performed $6,000 of services. Their customer paid $1,000 of the amount right away but charged the remaining amount. To record this transaction, the business would: A.
Answers (1)