Toyota will bring hybrid electric automobiles to market next year priced at $31,000 (this include...
1 6-24. Are you thinking of bypassing a gasoline fueled car in favor of a hybrid (gasoline and electric) automobile? Let's take a look at the relative economics of your possible choice. The gasoline-fueled car sells for $20,000 and gets 25 miles per gallon (mpglof fuel. The alternative hybrid vehicle sells for $25,000and averages 46 mpg. The resale value of the hybrid car is $2,000 more than that of the gasoline-only car after five years of anticipated ownership. If you...
Develop a marketing strategy that can enable Toyota to grow in future over the next ten years and avoid quality problems. In 1936, Toyota admitted following Chrysler’s landmark Airflow and patterning its engine after a 1933 Chevrolet engine. But by 2000, when it introduced the first hybrid electric-gasoline car, the Prius, Toyota was the leader. In 2002, when the second-generation Prius hit showrooms, dealers received 10,000 orders before the car was even available. GM followed with an announcement that it...
1. Valley Rendering, Inc. is considering purchasing a new flotation system for recovering more grease. The company can finance a $150,000 system at 5% per year compound interest or 5.5% per year simple interest. If the total amount owed is due in a single payment at the end of 3 years, (a) which interest rate should the company select, and (b) how much is the difference in interest between the two schemes? (ANSWER: (b) $1106.) 2. A mechanical consulting company...