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A Sales Representative of a Company Using a Personal Car

question 479

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A sales representative of a company using a personal car receives $160 per day for lodging and meals plus $0.53 per mile driven.Select a linear equation giving the daily cost C to the company in terms of x, the number of miles driven. ​


Definitions:

Depreciated Straight-line

A method of calculating depreciation by equally spreading the cost of an asset over its useful life.

Book Value

The net asset value of a company, calculated by total assets minus intangible assets (patents, goodwill) and liabilities.

Profitability Index

A financial metric that measures the profitability of an investment, calculated as the present value of future cash flows divided by the initial investment cost.

Net Present Value

Net Present Value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows over a period of time, used to evaluate the profitability of an investment.

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