Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. lavage rapide is a canadian company that owns and

Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility...

50.1K

Verified Solution

Question

Accounting

image

image

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 Cost per Car Washed 0.80 0.15 0.20 $0.30 Fixed Cost per Month leaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $1,200 5,000 6,000 $8,000 $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. The company expected to collect an average of $4.90 per car washed Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed Revenue 8,800 $ 43,080 Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent 7,560 2,670 2,260 8,500 6,000 8,000 4,950 Administrative expenses Total expense 39,940 Net operating income $ 3,140

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

describe the physiological functions of somatic motor neurons

Biology
1.2K views

RNA polymerase adds an RNA nucleotide complementary to strand s of the DNA molecule during...

Physics
1.2K views

6 A circular loop of wire radius R rotates about z axis with angular velocity...

Physics
1.2K views

Why Rundur About Us Blog UZ W resistance between point A and B for network...

Geometry
1.2K views

Find the length of the arc 6 cm 847T 24 8 cm 12 cm 196...

Basic Math
1.2K views

4 State the equation of the line y 8x after it undergoes reflection in the...

Basic Math
1.2K views

Water Pollution in a January 2017 Washington Post ABC News poll online respondents were asked...

Accounting
1.2K views

Financial Situation: a) The project requires $10 million in capital. b) STV Corporation has $3...

Accounting
1.2K views

Digby's balance sheet has $102,708,000 in equity. If next year, assets decrease by $4,000,000 and...

Accounting
1.2K views

Accounting cycle Buildings P4-4B Carroll Management Services, Ltd. began business on January 1, 2017,...

Accounting
1.2K views

The Net Cash Flows from Financing Activities section will include a line item for: Select...

Finance
1.2K views

Dax borrows $300,000 and the loan is governed by compound interest at an annual effective...