As a restaurant owner, why would it be important to pay attention to Labor, and cost of goods sold?

Im creating a Master Budget from a business owner's perspective and Im needing help with this part of my Master Budget

Cost Data:

Cleaning supplies                $1.80q

Electricity           $1,200 +   $.15q

Rent        $8,000

Larry expects to wash 9,000 cars at an average price of $4 per wash in August.

1. what is Larry planned budget?

2. Larry actually washes 8,800 cars in August. What’s Larry’s flexible budget?

Actual Results (8,800 washes)

Revenue $34,900

Cleaning supplies             17,300

Electricity     2,670

Rent     8,000

Total Expense

Operating income         $ 6,930

Prepare a flexible budget performance report that shows the activity variances and the revenue and spending variances for August.

Is Phyton

is Phyton

Turner Video will invest $96,500 in a project. The firm cost of capital is 11%. the investment will provide the following inflows.
year.                  inflows
1.                        $34000
2.                          36000
3.                          31000
4.                          39000
5.                          4300
The Internal rate of return is 12%
A. if the reinvestment assumption of net present value is use. What will be the total value of inflows in the next five year.
B. What will be the reinvestment assumption if the Internal Rate Return method is used?

Goods available for sale in 2017 by the Eleanor Co. have a cost of $150,000 and a retail price of $250,000. Sales for 2017 amounted to $227,500 and a physical inventory at year-end showed goods actually on hand with a retail price of $22,500. The dollar amount of the inventory to be reported in the balance sheet as of December 31, 2017, is:

A) $13,500

B)$22,500

C)$15,000

D)$25,000

A patent was acquired by Renfro Corporationon January1,2014 ,at a cost of $80,000.The useful life of the patent was estimated to be 10 years. At the beginning of 2017, Renfro spent $14,000 in successfully defending an infringement of the patent. At the beginning of 2018, Renfro purchased a patent for $21,000 that was expected to prolong the life of its original patent for 5 additional years.

Instructions

Calculate the following amounts for Renfro Corporation.

(a) Amortization expense for 2014.

(b) The balance in the Patent account at the beginning of 2017, immediately after the infringement suit.

(c) Amortization expense for 2017.

(d) The balance in the Patent account at the beginning of 2018, after purchase of the additional patent.

(e) Amortization expense for 2018.

You are evaluating a capital project for equipment with a total installed cost of $750,000. The equipment has an estimated life of 30 years, with an expected salvage value at the end of the project of $50,000. The project will be depreciated via simplified straight-line depreciation method. In addition, a working capital investment of $5,000 is required. The project replaces an old piece of equipment which is currently in service and is fully depreciated, but has an expected after-tax salvage value of $12,000. After replacing the old equipment, cash savings from decreased operating expenses are expected to amount of $200,000 per year. The firm;s marginal tax rate is 40 percent and the project cost of capital is 10%. What is the net present value of this project? Round to the nearest penny. Do not include a dollar sign in your answer.

I would really appreciate your help.

A project with an initial cost of $30,700 is expected to provide cash flows of $10,950, $11,800, $14,900, and $9,400 over the next four years, respectively. If the required return is 9.2 percent, what is the project's profitability index?

• 1.392

• 1.031

• 1.134

• 1.237

• .808

1. You have the following cost and revenue information on a project that invests in the conversion of a coal-fired electricity generating plan into a gas-fired unit.

Cost of new equipment: $200 million.

The equipment will be depreciated over 8 years on a straight-line basis to zero book value.

Proceeds from the sale of old equipment which has a book value of $15 m is 40 million,

Expensible installation cost: 0.50 million.

Estimated Revenue from the sale of electricity in the first year: $65 million and it remains the same for all 5 years;

Cost of gas: $25 million;

Operating and other expenses: $4 million;

Initial working capital expenses: $1 million;

Project’s assets estimated resale value: $65 million.

The project is subject to a tax rate of 30%,

Anticipated clean-up expense: $1.0 million.

The investment is eligible for $1.0 million investment tax credit.

The weighted average cost of capital (WACC) of the project is 5%.

Using these data,

1. calculate the following cash flows associated with the project: (i) Net initial investment outlay; (ii) Net operating cash flows (NOCF) also known as CFAT and (iii) net salvage value, and

assuming that the net operating cash flows will remain the same for all five years, calculate the NPV and the IRR of the project.

Please show all work

In a random sample of six microwave​ ovens, the mean repair cost was ​$75.00 and the standard deviation was ​$11.00. Assume the population is normally distributed and use a​ t-distribution to construct a 99​% confidence interval for the population mean μ. What is the margin of error of μ​? Interpret the results.