μονικές καιa concerning unie culpantys και Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost per Month Cost per Car Washed $ 0.80 $ 1,300 $ 0.09 $ 0.20 $ 4,400 $ 0.20 $ 8,500 $ 2,000 $ 1,500 $ 0.01 For example, electricity costs are $1,300 per month plus $0.09 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.80 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 0 $ 0

μονικές καιa concerning unie culpantys και Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Fixed Cost per Month Cost per Car Washed $ 0.80 $ 1,300 $ 0.09 $ 0.20 $ 4,400 $ 0.20 $ 8,500 $ 2,000 $ 1,500 $ 0.01 For example, electricity costs are $1,300 per month plus $0.09 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.80 per car washed. Required: Prepare the company's planning budget for August. Lavage Rapide Planning Budget For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 0 $ 0

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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am. 123.
5 3) Given the info below, calculate the loaded hourly labor rate 6 7 Project Mgr $80,000/yr 38 2080 hours per year 39 Proj Manager worked 40 hours/week for 50 weeks Social security 6,2 % on first $106,800 Medicare 1.45% of all wages FUTA 8 % on first $7000 40 41 42 43 SUTA 4.5% of first $18,000 44 Workers Comp $7.25 per $100 of wages General Liability 75% of wages 45 Health insurance $300/mo Retirement $.75 per $1 contributed by emploee on 6% of all wages-company gives 4.5% 46 47 48 49 +
Cameron Corporation sells two types of beach towels, Standard and Deluxe. Total sales Total variable expenses Standard Deluxe $ 450,000 $ 50,000 $ 360,000 $ 20,000 Total fixed expenses are $57,600. Given the current sales mix, what is the break-even point in dollar sales for Deluxe? O $36,000 O $24,000 O $30,000 O $27,000 O $33,000
Total income
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10. A furniture company allows customers to purchase household furnishings with an in-store loan, pay with cash or a credit card, or Rent-To-Own with a lease agreement. A customer chooses furniture worth $3,225.00 including tax and chooses to Rent-To-Own. Rent to Own Furniture Warehouse ● ● No down payment is required. The monthly lease payment is $156.99 for 2 years. a. Calculate the total cost to own the furniture using the Rent-To-Own option. b. What the amount of the finance charge on this purchase? Caza O OM3:TMB
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