User Account

All Pages

Complete the company flexible budget for august

Assignment Help Accounting Basics
Reference no: EM131569638

Question - Flexible Budget

Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the company's costs:

 

Fixed Cost per month

Cost per Car Washed

Cleaning supplies

 

$0.80

Electricity

$1,200

$0.15

Maintenance

 

$0.20

Wages and salaries

$5,000

$0.30

Depreciation

$6,000

 

Rent

$8,000

 

Administrative expenses

$4,000

$0.10

For example, electricity costs are $1,200 per month plus $0.15 per car washed. The company actually washed 8,800 cars in August and expects to collect an average of $4.90 per car washed.

Required: Complete the company's flexible budget for August.

Reference no: EM131569638

Questions Cloud

Explain how the amount of debris might be estimated : Explain How amount of debris might be estimated. Explain any safety concern that will need to be addressed. How this process will be executed in your community.
Explain the benefits of poison pill provision : Explain the benefits of a Poison Pill provision. Explain why Poison Pills provisions often result in reduced Stockholder wealth.
According to expectations theory of term structure : compute the 2-year bond yield according to the expectations theory of the term structure.
Aviation safety-discussion-environment : Post your answers to the following question to this forum. Again, the rationale supporting your answers may be more important than the actual answers.
Complete the company flexible budget for august : Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. Complete the company's flexible budget for August
Observation made by mulvey and richard resonate with you : Go to YouTube.com and view Sam Richards and Laurie Mulvey: World in Conversation - Conversations from Penn State. The 27 minute video features an interview.
Average tax rate and marginal tax rate : Average tax rate and Marginal tax rate
Simplified acquisition procedure : What is the purpose of the Simplified Acquisition Procedure, Small Purchase and Micro Purchases?
Post a explanation of three challenges that officials face : Post a brief explanation of two or three challenges that officials might face in deciding whether to rebuild or reconstruct historic and cultural structures.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd