Questions
Explain the concept of high-performance green building. Include the following: Your reasoning to justify the appropriateness...

Explain the concept of high-performance green building. Include the following:

  • Your reasoning to justify the appropriateness of sustainable construction practices (a minimum of three reasons)
  • A minimum of three trends in high-performance building
  • A trend you foresee in high-performance building in the near and distant future

In: Civil Engineering

Given the following information: Prior Year (Budget and Actual) Current Year (Budget and Actual) Beginning Inventory...

Given the following information:

Prior Year (Budget and Actual)

Current Year (Budget and Actual)

Beginning Inventory (Units)

0

?

Sales (Units)

600,000

575,000

Manufactured (Units)

600,000

640,000

Selling Price ($/unit)

9.90

10.00

Variable Manufacturing Cost ($/unit)

4.80

5.00

Total Fixed Manufacturing Costs ($)

1,560,000

1,600,000

Variable Selling Cost ($/unit)

1.00

1.00

Total Fixed SG&A Costs ($)

351,000

358,000

Other information:

  • The manufacturer uses FIFO.
  • All Variable costs are direct costs

Required:

  1. Prepare an income statement for the Current Year based on Variable Costing.
  1. Prepare an income statement for the Current Year based on Absorption Costing.
  1. Reconcile the difference in Net Income between Variable Costing and Absorption Costing for the current year.
  1. Near the very end of the fiscal year, the production manager noted that if Net Income increases by $200 they will get a big bonus. How can the production manager increase Net income using Absorption costing even though no additional units will be produced?

In: Accounting

Given the following information: Prior Year (Budget and Actual) Current Year (Budget and Actual) Beginning Inventory...

Given the following information:

Prior Year (Budget and Actual)

Current Year (Budget and Actual)

Beginning Inventory (Units)

0

?

Sales (Units)

600,000

575,000

Manufactured (Units)

600,000

640,000

Selling Price ($/unit)

9.90

10.00

Variable Manufacturing Cost ($/unit)

4.80

5.00

Total Fixed Manufacturing Costs ($)

1,560,000

1,600,000

Variable Selling Cost ($/unit)

1.00

1.00

Total Fixed SG&A Costs ($)

351,000

358,000

Other information:

  • The manufacturer uses FIFO.
  • All Variable costs are direct costs

Required:

  1. Prepare an income statement for the Current Year based on Variable Costing.
  1. Prepare an income statement for the Current Year based on Absorption Costing.
  1. Reconcile the difference in Net Income between Variable Costing and Absorption Costing for the current year.
  1. Near the very end of the fiscal year, the production manager noted that if Net Income increases by $200 they will get a big bonus. How can the production manager increase Net income using Absorption costing even though no additional units will be produced?

In: Accounting

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

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 $ 0.05
Maintenance $ 0.15
Wages and salaries $ 4,700 $ 0.20
Depreciation $ 8,300
Rent $ 2,000
Administrative expenses $ 1,500 $ 0.03

For example, electricity costs are $1,100 per month plus $0.05 per car washed. The company expects to wash 8,100 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 8,200
Revenue $ 50,700
Expenses:
Cleaning supplies 5,360
Electricity 1,475
Maintenance 1,455
Wages and salaries 6,680
Depreciation 8,300
Rent 2,200
Administrative expenses 1,643
Total expense 27,113
Net operating income $ 23,587

Required:

Calculate the company's revenue and spending variances for August.

In: Accounting

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

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 $ 1,100 $ 0.07
Maintenance $ 0.30
Wages and salaries $ 4,600 $ 0.20
Depreciation $ 8,300
Rent $ 1,900
Administrative expenses $ 1,400 $ 0.02

For example, electricity costs are $1,100 per month plus $0.07 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.90 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 8,500
Revenue $ 60,060
Expenses:
Cleaning supplies 4,700
Electricity 1,658
Maintenance 2,760
Wages and salaries 6,640
Depreciation 8,300
Rent 2,100
Administrative expenses 1,468
Total expense 27,626
Net operating income $ 32,434

Required:

Calculate the company's revenue and spending variances for August.

In: Accounting

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

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 $ 1,300 $ 0.05
Maintenance $ 0.30
Wages and salaries $ 4,300 $ 0.30
Depreciation $ 8,400
Rent $ 1,900
Administrative expenses $ 1,400 $ 0.04

For example, electricity costs are $1,300 per month plus $0.05 per car washed. The company expects to wash 8,100 cars in August and to collect an average of $6.50 per car washed. The company actually washed 8,200 cars in August.

Required:

Calculate the company's 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.)

Lavage Rapide
Activity Variances
For the Month Ended August 31
Revenue
Expenses:
Cleaning supplies
Electricity
Maintenance
Wages and salaries
Depreciation
Rent
Administrative expenses
Total expense
Net operating income

In: Accounting

Please Answer 1-3 for me 1. Solve the system of linear equations using the Gauss-Jordan elimination...

Please Answer 1-3 for me

1. Solve the system of linear equations using the Gauss-Jordan elimination method.

2x1 x2 + 3x3 = −16
x1 2x2 + x3 = −5
x1 5x2 + 2x3 = −11

(x1, x2, x3) = ( )

2. Formulate a system of equations for the situation below and solve.

For the opening night at the Opera House, a total of 1000 tickets were sold. Front orchestra seats cost $90 apiece, rear orchestra seats cost $70 apiece, and front balcony seats cost $50 apiece. The combined number of tickets sold for the front orchestra and rear orchestra exceeded twice the number of front balcony tickets sold by 400. The total receipts for the performance were $70,800. Determine how many tickets of each type were sold.

front orchestra     
rear orchestra     
front balcony     


  

3.

Formulate a system of equations for the situation below and solve.

Joan and Rick spent 3 weeks (21 nights) touring four cities on the East Coast—Boston, New York, Philadelphia, and Washington. They paid $220, $440, $180, and $200 per day for lodging in each city, respectively, and their total hotel bill came to $6,360. The number of days they spent in New York was the same as the total number of days they spent in Boston and Washington, and the couple spent 3 times as many days in New York as they did in Philadelphia. How many days did Joan and Rick stay in each city?

Boston     days
New York     days
Philadelphia     days
Washington     days

In: Advanced Math

Hyundai Automobile U.S.A. is sponsoring a charity golf tournament to raise monies for a​ children's hospital...

Hyundai Automobile U.S.A. is sponsoring a charity golf tournament to raise monies for a​ children's hospital in Birmingham. Hyundai budgets​ $5,400 in costs for administration and marketing for the event. The band will cost a fixed amount of​ $2,100. Tickets to this local community event will be​ $350 per person. All proceeds from the event will be donated to the​ children's hospital. There are two possible​ venues:

RTJ Golf Resort at​ Prattville, which has a fixed rental cost of​ $10,220. The hotel provides for meals and waiters and waitresses to serve drinks and finger foods at​ $65 per person. The green fees and cart for each person will be​ $40.

Wynlakes Golf​ & Country​ Club, which has a fixed rental cost of​ $2,300 plus a charge of​ $110 per person for its own catering of meals and serving of drinks and finger foods. The green fees and cart for each person will be​ $50.

​(a) Compute the​ break-even point for each venue in terms of tickets sold.

The​ break-even point for tickets sold from RTJ Golf Resort at Prattville​ is:

A.

68

B.

70

C.

85

D.

73

The​ break-even point for tickets sold from Wynlakes Golf​ & Country Club​ is:

A.

52

B.

45

C.

61

D.

50

​(b) At what level of tickets sold will the two venues have the same operating​ income?

The two venues will have the same operating income with ticket sales​ at:

A.

146

B.

134

C.

123

D.

144

In: Economics

The catering manager of LaVista​ Hotel, Lisa​ Ferguson, is disturbed by the amount of silverware she...

The catering manager of LaVista​ Hotel, Lisa​ Ferguson, is disturbed by the amount of silverware she is losing every week. Last Friday​ night, when her crew tried to set up for a banquet for 500​ people, they did not have enough knives. She decides she needs to order some more​silverware, but wants to take advantage of any quantity discounts her vendor will offer.

follows≻For

a small order

​(2 comma 0002,000

pieces or​ less) her vendor quotes a price of

​$1.801.80​/piece.

follows≻If

she orders

2 comma 0012,001

to

5 comma 0005,000

​pieces, the price drops to

​$1.601.60​/piece.

follows≻5 comma 0015,001

to

10 comma 00010,000

pieces brings the price to

​$1.401.40​/piece,

and

follows≻10 comma 00110,001

and above reduces the price to

​$1.251.25​/piece.

​Lisa's order costs are

​$200200

per​ order, her annual holding costs are

55​%,

and the annual demand is

44 comma 90044,900

pieces. For the best option​ (the best option is the price level that results in an EOQ within the acceptable​ range):

a. what is the optimum ordering quantity? (round to the nearest whole number)

b.what is the annual holding cost? (round to two decimal places)

c. what is the annual ordering cost? ( round to two decimal places)

d. what are the annual costs of the silverware itself with an optimal order quantity? (round to the nearest whole number)

e. what is the total annual cost, including ordering, holding, and purchasing the silverware? (round to two decimal places)

In: Operations Management

Near the end of 2019, the management of Dimsdale Sports Co., a merchandising company, prepared the...

Near the end of 2019, the management of Dimsdale Sports Co., a merchandising company, prepared the following estimated balance sheet for December 31, 2019.

DIMSDALE SPORTS COMPANY
Estimated Balance Sheet
December 31, 2019
Assets
Cash $ 35,500
Accounts receivable 520,000
Inventory 110,000
Total current assets $ 665,500
Equipment 648,000
Less: Accumulated depreciation 81,000
Equipment, net 567,000
Total assets $ 1,232,500
Liabilities and Equity
Accounts payable $ 370,000
Bank loan payable 13,000
Taxes payable (due 3/15/2020) 91,000
Total liabilities $ 474,000
Common stock 474,000
Retained earnings 284,500
Total stockholders’ equity 758,500
Total liabilities and equity $ 1,232,500


To prepare a master budget for January, February, and March of 2020, management gathers the following information.

  1. The company’s single product is purchased for $20 per unit and resold for $57 per unit. The expected inventory level of 5,500 units on December 31, 2019, is more than management’s desired level, which is 20% of the next month’s expected sales (in units). Expected sales are January, 6,750 units; February, 9,500 units; March, 11,250 units; and April, 9,000 units.
  2. Cash sales and credit sales represent 25% and 75%, respectively, of total sales. Of the credit sales, 59% is collected in the first month after the month of sale and 41% in the second month after the month of sale. For the December 31, 2019, accounts receivable balance, $125,000 is collected in January 2020 and the remaining $395,000 is collected in February 2020.
  3. Merchandise purchases are paid for as follows: 20% in the first month after the month of purchase and 80% in the second month after the month of purchase. For the December 31, 2019, accounts payable balance, $70,000 is paid in January 2020 and the remaining $300,000 is paid in February 2020.
  4. Sales commissions equal to 20% of sales are paid each month. Sales salaries (excluding commissions) are $54,000 per year.
  5. General and administrative salaries are $144,000 per year. Maintenance expense equals $1,900 per month and is paid in cash.
  6. Equipment reported in the December 31, 2019, balance sheet was purchased in January 2019. It is being depreciated over eight years under the straight-line method with no salvage value. The following amounts for new equipment purchases are planned in the coming quarter: January, $38,400; February, $96,000; and March, $28,800. This equipment will be depreciated under the straight-line method over eight years with no salvage value. A full month’s depreciation is taken for the month in which equipment is purchased.
  7. The company plans to buy land at the end of March at a cost of $180,000, which will be paid with cash on the last day of the month.
  8. The company has a working arrangement with its bank to obtain additional loans as needed. The interest rate is 12% per year, and interest is paid at each month-end based on the beginning balance. Partial or full payments on these loans can be made on the last day of the month. The company has agreed to maintain a minimum ending cash balance of $35,000 at the end of each month.
  9. The income tax rate for the company is 41%. Income taxes on the first quarter’s income will not be paid until April 15.


Required:
Prepare a master budget for each of the first three months of 2020; include the following component budgets.

1. Monthly sales budgets.
2. Monthly merchandise purchases budgets.
3. Monthly selling expense budgets.
4. Monthly general and administrative expense budgets.
5. Monthly capital expenditures budgets.
6. Monthly cash budgets.
7. Budgeted income statement for the entire first quarter (not for each month).
8. Budgeted balance sheet as of March 31, 2020.

In: Accounting