Author Question: John's 8-year-old Chevrolet Trail Blazer requires repairs estimated at $10,000 to make it road ... (Read 75 times)

jessicacav · **on:** Mar 6, 2021

Question 1

In evaluating different alternatives, it is useful to concentrate on ________.
◦ variable costs
◦ fixed costs
◦ total costs
◦ relevant costs

Question 2

John's 8-year-old Chevrolet Trail Blazer requires repairs estimated at $10,000 to make it road worthy again. His wife, Sherry, suggested that he should buy a 5-year-old used Jeep Grand Cherokee instead for $10,000 cash. Sherry estimated the following costs for the two cars:

Trail Blazer

Grand Cherokee

Acquisition cost

$25,000

$10,000

Repairs

$10,000

-

Annual operating costs

(Gas, maintenance, insurance)

$2,780

$1,800

The cost NOT relevant for this decision is the ________.
◦ acquisition cost of the Trail Blazer
◦ acquisition cost of the Grand Cherokee
◦ repairs to the Trail Blazer
◦ annual operating costs of the Grand Cherokee

Jbrasil · **Reply #1 on:** Mar 6, 2021

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