How much liability coverage does the average small business need? a)$100,000 to $200,000

b) $500,000 to $1 million

c) $2 million to $3 million

d) $3 million to $4 million

$0.405

Explanation:

The average cost per  mile:

Cost per year:

Insurance  : $1200

Gas At $3 per gallon:  car performance is 25 miles per gallon. In one year, the car is driven for 10,000 miles.

Consumption per year = 10,000/25 x 3= $1200

maintenance $400

Cost for fours years

Car cost:  =$5000

Insurance :  $1,200 x 4 =$4,800

Gas costs:$1200 x 4 =$4800

Maintenance :$400 x 4 = $1600

Total costs for four years= $5000+ $4800+ $4800+$1600

=$16,200

Average cost per mile

=$16,200/ 40,000

=

The average cost per :

Cost per year:

Insurance  : $1200

Gas At $3 per gallon:  car performance is 25 miles per gallon. In one year, the car is driven for 10,000 miles.

Consumption per year = 10,000/25 x 3= $1200

maintenance $400

Cost for fours years

Car cost:  =$5000

Insurance :  $1,200 x 4 =$4,800

Gas costs:$1200 x 4 =$4800

Maintenance :$400 x 4 = $1600

Total costs for four years= $5000+ $4800+ $4800+$1600

=$16,200

Average cost per mile

=$16,200/ 40,000

=$0.405