Your team is planning an eight day 1200 km road trip in Canadaand trying to decide which
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Question:
Your team is planning an eight day 1200 km road trip in Canadaand
trying to decide which car to rent. You have two options:
Option 1: A Prius that costs 40 USD per day, averages 48 mpg, andhas
an 11.9 gallon tank.
Option 2: A Ford Explorer that costs 32 USD per day, averages 21mpg,
and has an 18.6 gallon tank.
The average cost of gas in the parts of Canada you intend totravel
through is $1.16 (Canadian dollars) per liter. The current exchangerate
is 1 CAD = 0.754 USD.
b) Which car will cost less to rent for this trip? How muchmoney (in
US Dollars) will you save by making this choice?
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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