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: fixed cost per month cost per car washed cleaning supplies $ 0.80 electricity $ 1,200 $ 0.08 maintenance $ 0.25 wages and salaries $ 4,700 $ 0.20 depreciation $ 8,000 rent $ 2,100 administrative expenses $ 1,400 $ 0.03 for example, electricity costs are $1,200 per month plus $0.08 per car washed. the company expects to wash 8,100 cars in august and to collect an average of $6.80 per car washed. the actual operating results for august appear below. lavage rapide income statement for the month ended august 31 actual cars washed 8,200 revenue $ 57,180 expenses: cleaning supplies 6,980 electricity 1,818 maintenance 2,265 wages and salaries 6,680 depreciation 8,000 rent 2,300 administrative expenses 1,543 total expense 29,586 net operating income $ 27,594 required: calculate the company's revenue and spending variances for august.

Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar’s equipment (10-year life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year life) with a book value of $272,000 but a fair value of $400,000. paar uses the equity method to record its investment in kimmel. on december 31, 2014, paar has equipment with a book value of $294,000 but a fair value of $445,200. kimmel has equipment with a book value of $190,400 but a fair value of $357,000. the consolidated balance for the equipment account as of december 31, 2014 is $574,000. what would be the impact on consolidated balance for the equipment account as of december 31, 2014 if the parent had applied the initial value method rather than the equity method? the balance in the consolidated equipment account cannot be determined for the initial value method using the information given. the consolidated equipment account would have a higher reported balance. the consolidated equipment account would have a lower reported balance. no effect: the method the parent uses is for internal reporting purposes only and has no impact on consolidated totals.

If the findings and the results are not presented properly, the research completed was a waste of time and money. true false

Assume the total cost of a college education will be $250,000 when your child enters college in 17 years. you presently have $69,000 to invest. what annual rate of interest must you earn on your investment to cover the cost of your child’s college education? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)