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Lavage Rapide is a Canadian company that owns and operates a large automatic car wash...

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Accounting

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Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: For example, electricity costs are $1,300 per month plus $0.07 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $5.90 per car washed. Lavage Rapide Planning Budget For the Month Ended August 31 \begin{tabular}{|l|l|} \hline Revenue \\ \hline Expenses: \\ \hline Cleaning supplies \\ \hline Electricity \\ \hline Maintenance \\ \hline Wages and salaries & \\ \hline Depreciation & \\ \hline Rent & \\ \hline Administrative expenses & \\ \hline Total expense & 0 \\ \hline Net operating income & 0 \\ \hline \end{tabular}

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