Reliable Movers Inc In Order to Budget Total Vehicle Costs for the Upcoming

question 5

Essay

Reliable Movers Inc.documented the miles driven and total moving van costs for the past five months as follows:
$$\begin{array} { l c c } & \text { Number af miles } & \text { Total vehicle costs } \\\hline \text { January } & 3000 & \$ 4800 \\\text { February } & 3500 & 5200 \\\text { March } & 5000 & 6100 \\\text { April } & 4000 & 5000 \\\text { May } & 6000 & 6000\end{array}$$
In order to budget total vehicle costs for the upcoming summer months,Reliable wishes to estimate total vehicle costs using the high/low method.
Required:
A. What is the equation to predict estimated total vehicle costs?
B. If the company expects to drive 9000 miles in June, what will be the estimated total vehicle costs?

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Definitions:

Common Law

An accumulation of legal principles formed by historical decisions made in courts rather than documented statutes.

Livable Condition

Livable condition refers to a state of housing or accommodation that meets basic living standards and conditions for safety, health, and comfort.

State Statutes

Laws established by a state's legislative body that govern matters within the state's jurisdiction.

Nonpayment of Rent

The failure to fulfill the obligation of paying rent as stipulated in a rental agreement or lease.