In: Computer Science
In the town of Hooterville, all the downtown stores are identical and all the people who shop downtown are identical. The town can earn revenue in three ways: • It can charge each store a montly license fee. • It can charge an excise tax on the store’s merchandise. • It can charge shoppers to park on the streets (the only way to get downtown is to drive, so every shopper pays the parking fee). The town’s goal is to maximize its total revenue from all three sources. a) How big should the excise tax be? b) Suppose a court ruling requires the town to provide free parking. Now how big should the excise tax be? If necessary, you can answer in terms of labeled portions of graphs. If you do this, please be sure to say why these portions of your graph are relevant to the problem.
In: Economics
Disney's Hannah Montana: The Movie opened in April 2009. The ticket sales revenue ($) for a sample of theaters is below. Use it to answer/do the following. 20,200 8,350 10,750 13,900 13,185 10,150 7,300 6,240 4,200 21,400
(a) Estimate the average ticket sales revenue.
(b) Develop a 90% confidence interval for the mean in (a).
(c) Develop a 95% confidence interval for the mean in (a).
(d) Develop a 99% confidence interval for the mean in (a).
(e) If ticket prices were $7.16 on average, estimate the mean number of customers per theater.
(f) The movie was shown in 3,118 theaters. Estimate the number of people who saw the movie
In: Statistics and Probability
what exactly does Levitt mean by "Marketing myopia"? Does it strike certain industries only? To quote Levitt, "in truth there is no such thing as a growth industry." CHALLENGE THIS ASSERTION. Levitt builds his case of a myopic view taken by the railroad, movie theater and oil industries reviewing four conditions that are the centerpiece of his work... What are they? c. Levitt argues that......."the historic fate of one growth industry after another has been its suicidal product provincialism" What does this mean? d. Finally, do you feel that today in the 21st century, Marketing Myopia is a thing of the past? Yes or No? Explain with examples
In: Operations Management
Exercise 9-14 Prepare a Flexible Budget Performance Report [LO9-4]
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 | $ | 0.09 | |||
| Maintenance | $ | 0.15 | |||||
| Wages and salaries | $ | 4,500 | $ | 0.40 | |||
| Depreciation | $ | 8,200 | |||||
| Rent | $ | 1,800 | |||||
| Administrative expenses | $ | 1,600 | $ | 0.02 | |||
For example, electricity costs are $1,200 per month plus $0.09 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.30 per car washed.
The actual operating results for August appear below.
| Lavage Rapide | ||
| Income Statement | ||
| For the Month Ended August 31 | ||
| Actual cars washed | 8,500 | |
| Revenue | $ | 55,020 |
| Expenses: | ||
| Cleaning supplies | 7,220 | |
| Electricity | 1,926 | |
| Maintenance | 1,500 | |
| Wages and salaries | 8,220 | |
| Depreciation | 8,200 | |
| Rent | 2,000 | |
| Administrative expenses | 1,668 | |
| Total expense | 30,734 | |
| Net operating income | $ | 24,286 |
Required:
Prepare a flexible budget performance report that shows the company’s revenue and spending variances and activity variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
In: Accounting
Exercise 9-14 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] 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 $ 0.60 Electricity $ 1,100 $ 0.10 Maintenance $ 0.15 Wages and salaries $ 4,900 $ 0.30 Depreciation $ 8,100 Rent $ 2,200 Administrative expenses $ 1,800 $ 0.03 For example, electricity costs are $1,100 per month plus $0.10 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.00 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,300 Revenue $ 51,300 Expenses: Cleaning supplies 5,420 Electricity 1,890 Maintenance 1,470 Wages and salaries 7,720 Depreciation 8,100 Rent 2,400 Administrative expenses 1,946 Total expense 28,946 Net operating income $ 22,354 Required: Prepare a flexible budget performance report that shows the company’s revenue and spending variances and activity variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
In: Accounting
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 | $ | 0.50 | |||||
| Electricity | $ | 1,000 | $ | 0.06 | |||
| Maintenance | $ | 0.30 | |||||
| Wages and salaries | $ | 4,900 | $ | 0.40 | |||
| Depreciation | $ | 8,400 | |||||
| Rent | $ | 1,900 | |||||
| Administrative expenses | $ | 1,700 | $ | 0.03 | |||
For example, electricity costs are $1,000 per month plus $0.06 per car washed. The company expects to wash 8,300 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 | 8,400 | |
| Revenue | $ | 58,540 |
| Expenses: | ||
| Cleaning supplies | 4,650 | |
| Electricity | 1,468 | |
| Maintenance | 2,730 | |
| Wages and salaries | 8,580 | |
| Depreciation | 8,400 | |
| Rent | 2,100 | |
| Administrative expenses | 1,849 | |
| Total expense | 29,777 | |
| Net operating income | $ | 28,763 |
Required:
Prepare a flexible budget performance report that shows the company’s revenue and spending variances and activity variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
ounts as positive values.)
In: Accounting
Exercise 9-9 Prepare a Report Showing Revenue and Spending Variances [LO9-2]
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 | $ | 0.15 | |||
| 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 expects to wash 9,000 cars in August and to collect an average of $4.90 per car washed.
The actual operating results for August are as follows:
| Lavage Rapide | ||
| Income Statement | ||
| For the Month Ended August 31 | ||
| Actual cars washed | 8,800 | |
| Revenue | $ | 43,080 |
| Expenses: | ||
| Cleaning supplies | 7,560 | |
| Electricity | 2,670 | |
| Maintenance | 2,260 | |
| Wages and salaries | 8,500 | |
| Depreciation | 6,000 | |
| Rent | 8,000 | |
| Administrative expenses | 4,950 | |
| Total expense | 39,940 | |
| Net operating income | $ | 3,140 |
Required:
Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.)
In: Accounting
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 | $ | 1,300 | $ | 0.06 | |||
| Maintenance | $ | 0.25 | |||||
| Wages and salaries | $ | 4,400 | $ | 0.30 | |||
| Depreciation | $ | 8,000 | |||||
| Rent | $ | 2,100 | |||||
| Administrative expenses | $ | 1,600 | $ | 0.03 | |||
For example, electricity costs are $1,300 per month plus $0.06 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.70 per car washed.
The actual operating results for August appear below.
| Lavage Rapide | ||
| Income Statement | ||
| For the Month Ended August 31 | ||
| Actual cars washed | 8,500 | |
| Revenue | $ | 58,380 |
| Expenses: | ||
| Cleaning supplies | 7,220 | |
| Electricity | 1,774 | |
| Maintenance | 2,340 | |
| Wages and salaries | 7,280 | |
| Depreciation | 8,000 | |
| Rent | 2,300 | |
| Administrative expenses | 1,752 | |
| Total expense | 30,666 | |
| Net operating income | $ | 27,714 |
Required:
Prepare a flexible budget performance report including the master or planning budget that shows the company’s revenue and spending variances and activity variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
In: Accounting
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 $ 0.40 Electricity $ 1,300 $ 0.07 Maintenance $ 0.15 Wages and salaries $ 4,300 $ 0.20 Depreciation $ 8,100 Rent $ 1,800 Administrative expenses $ 1,600 $ 0.03 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 $6.20 per car washed. The actual operating results for August appear below.
he actual operating results for August appear below.
| Lavage Rapide | ||
| Income Statement | ||
| For the Month Ended August 31 | ||
| Actual cars washed | 8,300 | |
| Revenue | $ | 52,940 |
| Expenses: | ||
| Cleaning supplies | 3,780 | |
| Electricity | 1,844 | |
| Maintenance | 1,470 | |
| Wages and salaries | 6,300 | |
| Depreciation | 8,100 | |
| Rent | 2,000 | |
| Administrative expenses | 1,746 | |
| Total expense | 25,240 | |
| Net operating income | $ | 27,700 |
Required:
Prepare a flexible budget performance report that shows the company’s revenue and spending variances and activity variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
In: Accounting