Auto Lavage is a Canadian company that owns and operates a large automatic carwash facility near Quebec. The following table provides data concerning the company’s expected costs:

Jonathan considers booking a flight to see the temple at Chichen Itza, which is near Cancun Mexico. Expedica.ca offers both business class (non-stop/direct) as well as first class flights (with a 1-stop layover). Jonathan wants to know if the prices for his options are approximately the same, or if flying first class will generally cost more. Can you help him find this out? Use α=0.042α=0.042 for all calculations. The specifics can be found in the file below.

(a) Check to see if the distribution of the flight classes appear to be normal. Hint: use a p-value to decide with α=0.042α=0.042.
A. neither direct flights nor layover flights appear to be normal
B. Both direct flights and layover flights appear to be normal
C. layover flights appear to be normal but direct flights do not appear to be normal
D. direct flights appear to be normal but layover flights do not appear to be normal


(b) Report the p-value of the test you ran in (a) concerning the normality of first class flights, use at least two decimals in your answer.

(c) Does there appear to be a negative difference in the general price between business and first class flights?
A. I have too much information to answer this question
B. I don't have enough information to answer this question
C. Yes
D. No


(d) At what level of significance would you come to a different conclusion? Please use at least four digits in your answer. Give a decimal not a percentage.
Significance Level =

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:

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 $6.20 per car washed.

The actual operating results for August appear below.

Required:

Complete the flexible budget performance report that shows the company’s activity variances and 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.)

Complete the flexible budget performance report that shows the company’s activity variances and 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.)

Complete the flexible budget performance report that shows the company’s activity variances and 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.)

Complete the flexible budget performance report that shows the company’s activity variances and 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.)

Complete the flexible budget performance report that shows the company’s activity variances and 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.)

Trevor’s furniture company accounts’ information for 2019 is as follows:

near-cash is $500, the amount of money that customers currently owe to the com-
pany for goods that were purchased on credit is $10,000, the amount of accounts

payable is $9,000. Products in inventory are worth $40,000, accumulated deprecia-
tion is 15% of total gross fixed assets. Lands, buildings and equipment were valued

$126,000. 5-Year Debt is $22,950, common stock is $26,000 and retained earnings
at the end of the year is $31,058. Gross profit is $64,000. Fixed cash operating
expenses, variable operating expenses and depreciation are $21,000, $16,000 and

$15,000 respectively. Interest expenses are $6,000 and the tax rate is 21%. Addi-
tionally, regarding stock, the paid in capital in excess of par is $0.75 per common

stock. The number of common stock is 74,000. On the other hand, the cost of
goods sold is half as much as sales. The preferred stock dividend rate is 2% for a
face-value stock value of $9,000. A short-term bank loan of $3,000 is going to be
paid o↵ next month. Finally, promised bonuses for employees (to be paid o↵ soon)
accrue $1,092.

(a) Construct the income statement for this company.
(b) Construct the balance-sheet statement for this company.
(c) Calculate the current ratio and ROE.

Trevor’s furniture company accounts’ information for 2019 is as follows:

near-cash is $500, the amount of money that customers currently owe to the com-
pany for goods that were purchased on credit is $10,000, the amount of accounts

payable is $9,000. Products in inventory are worth $40,000, accumulated deprecia-
tion is 15% of total gross fixed assets. Lands, buildings and equipment were valued

$126,000. 5-Year Debt is $22,950, common stock is $26,000 and retained earnings
at the end of the year is $31,058. Gross profit is $64,000. Fixed cash operating
expenses, variable operating expenses and depreciation are $21,000, $16,000 and

$15,000 respectively. Interest expenses are $6,000 and the tax rate is 21%. Addi-
tionally, regarding stock, the paid in capital in excess of par is $0.75 per common

stock. The number of common stock is 74,000. On the other hand, the cost of
goods sold is half as much as sales. The preferred stock dividend rate is 2% for a
face-value stock value of $9,000. A short-term bank loan of $3,000 is going to be
paid o↵ next month. Finally, promised bonuses for employees (to be paid o↵ soon)
accrue $1,092.
(a) Construct the income statement for this company.
(b) Construct the balance-sheet statement for this company.
(c) Calculate the current ratio and ROE.

In a high-energy collision between a cosmic-ray particle and a particle near the top of Earth's atmosphere, 104 km above sea level, a pion is created.The pion has a total energy E of 1.92 × 10⁵ MeV and is traveling vertically downward. In the pion's rest frame, the pion decays 35.0 ns after its creation. At what altitude above sea level, as measured from Earth's reference frame, does the decay occur? The rest energy of a pion is 139.6 MeV.

THIS ENTIRE THING IS ONE EXERCISE, PLEASE ANSWER ALL PARTS:

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

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 $30 per unit and resold for $59 per unit. The expected inventory level of 4,750 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, 7,500 units; February, 8,500 units; March, 10,750 units; and April, 10,000 units.
2. Cash sales and credit sales represent 20% and 80%, 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 $290,000 is paid in February 2020.
4. Sales commissions equal to 20% of sales are paid each month. Sales salaries (excluding commissions) are $48,000 per year.
5. General and administrative salaries are $132,000 per year. Maintenance expense equals $2,200 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, $98,400; and March, $21,600. 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 $165,000, 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 $17,000 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.

One Trick Pony (OTP) incorporated and began operations near the end of the year, resulting in the following post-closing balances at December 31: Cash $ 18,620 Accounts Receivable 9,650 Allowance for Doubtful Accounts 900* Inventory 2,800 Unearned Revenue (30 units) 4,350 Accounts Payable 1,300 Notes Payable (long-term) 15,000 Common Stock 5,000 Retained Earnings 4,520 * credit balance. The following information is relevant to the first month of operations in the following year: OTP will sell inventory at $145 per unit. OTP’s January 1 inventory balance consists of 35 units at a total cost of $2,800. OTP’s policy is to use the FIFO method, recorded using a perpetual inventory system. In December, OTP received a $4,350 payment for 30 units to be delivered in January; this obligation was recorded in Unearned Revenue. Rent of $1,300 was unpaid and recorded in Accounts Payable at December 31. OTP’s note payable matures in three years, and accrues interest at a 10% annual rate. January Transactions 1. Included in OTP’s January 1 Accounts Receivable balance is a $1,500 balance due from Jeff Letrotski. Jeff is having cash flow problems and cannot pay the $1,500 balance at this time. On 01/01, OTP arranges with Jeff to convert the $1,500 balance to a 6-month note, at 12% annual interest. Jeff signs the promissory note, which indicates the principal and all interest will be due and payable to OTP on July 1 of this year. 2. OTP paid a $500 insurance premium on 01/02, covering the month of January; the payment is recorded directly as an expense. 3. OTP purchased an additional 150 units of inventory from a supplier on account on 01/05 at a total cost of $9,000, with terms 2/15, n/30. 4. OTP paid a courier $300 cash on 01/05 for same-day delivery of the 150 units of inventory. 5. The 30 units that OTP’s customer paid for in advance in December are delivered to the customer on 01/06. 6. On 01/07, OTP paid the amount necessary to settle the balance owed to the supplier for the 1/05 purchase of inventory (in 3). 7. Sales of 40 units of inventory occuring during the period of 01/07 – 01/10 are recorded on 01/10. The sales terms are 2/10, n/30. 8. Collected payments on 01/14 from sales to customers recorded on 01/10. The discount was properly taken by customers on $5,800 of these credit sales; consequently, OTP received less than $5,800. 9. OTP paid the first 2 weeks wages to the employees on 01/16. The total paid is $2,200. 10. Wrote off a $1,000 customer’s account balance on 01/18. OTP uses the allowance method, not the direct write-off method. 11. Paid $2,600 on 01/19 for December and January rent. See the earlier bullets regarding the December portion. The January portion will expire soon, so it is charged directly to expense. 12. OTP recovered $400 cash on 01/26 from the customer whose account had previously been written off on 01/18. 13. An unrecorded $400 utility bill for January arrived on 01/27. It is due on 02/15 and will be paid then. 14. Sales of 65 units of inventory during the period of 01/10 – 01/28, with terms 2/10, n/30, are recorded on 01/28. 15. Of the sales recorded on 1/28, 15 units are returned to OTP on 01/30. The inventory is not damaged and can be resold. 16. On 01/31, OTP records the $2,200 employee salary that is owed but will be paid February 1. 17. OTP uses the aging method to estimate and adjust for uncollectible accounts on 01/31. All of OTP’s accounts receivable fall into a single aging category, for which 8% is estimated to be uncollectible. (Update the balances of both relevant accounts prior to determining the appropriate adjustment, and round your calculation to the nearest dollar.) 18. Accrue interest for January on the note payable on 01/31. 19. Accrue interest for January on Jeff Letrotski’s note on 01/31 (see 1).

Can someone help me with the income statement and the balance sheet for this question?

Ana Carillo and Associates is a medium-sized company located near a large metropolitan area in the Midwest. The company manufactures cabinets of mahogany, oak, and other fine woods for use in expensive homes, restaurants, and hotels. Although some of the work is custom, many of the cabinets are a standard size. One such non-custom model is called Luxury Base Frame. Normal production is 1,000 units. Each unit has a direct labor hour standard of 5 hours. Overhead is applied to production based on standard direct labor hours. During the most recent month, only 900 units were produced; 4,500 direct labor hours were allowed for standard production, but only 4,000 hours were used. Standard and actual overhead costs were as follows.

Standard (1,000 units) Actual (900 units)

Indirect materials $ 12,000 $ 12,300

Indirect labor   43,000   51,000

(Fixed) Manufacturing supervisors salaries   22,500   22,000

(Fixed) Manufacturing office employees salaries   13,000   12,500

(Fixed) Engineering costs   27,000   25,000

Computer costs   10,000   10,000 Electricity    2,500    2,500

(Fixed) Manufacturing building depreciation    8,000    8,000

(Fixed) Machinery depreciation    3,000    3,000

(Fixed) Trucks and forklift depreciation    1,500    1,500 Small tools      700    1,400

(Fixed) Insurance      500      500

(Fixed) Property taxes      300      300

Total $144,000 $150,000

Instructions

a. Determine the overhead application rate.

b. Determine how much overhead was applied to production.

c. Calculate the total overhead variance, controllable variance, and volume variance.

d. Decide which overhead variances should be investigated.

e. Discuss causes of the overhead variances. What can management do to improve its performance next month?

1. What effect does the forest canopy have on temperatures at or near the ground /water’s surface? What is the reason for these effects?

                2. What effect does a forest have on humidity ? What is the reason?

3. Since climatic factors vary spatially and temporarily, what variations could you expect in the following factos:

                                a. Temperature

                                                i. on the surface of a still pool of water in a forest opening at noon

                                                ii. within the crevice of a rock cave 1m high at night

                                b. Humidity

                                                i. on the surface of the ground in a treefall gap during the dry season

                                                ii. within a tank bromeliad 3m above the ground in the rainy season