Lantto air uses two measures of activity flights and

Assignment Help Accounting Basics
Reference no: EM13572911

Lantto Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $34,810 per month plus $2,850 per flight plus $12 per passenger. The company expected its activity in June to be 70 flights and 292 passengers, but the actual activity was 69 flights and 291 passengers. The actual cost for plane operating costs in June was $236,550.

Reference no: EM13572911

Questions Cloud

Determine the amount of actual bad debt write-offs made : aldos financial statements for the 2010 and 2009 fiscal years contained the following informationbalance sheets in
Portland companys ironton plant produces precast ingots : portland companys ironton plant produces precast ingots for industrial use. carlos santiago who was recently appointed
The rapid proliferation of the world wide web web has seen : assignment technology driven marketingthe rapid proliferation of the world wide web web has seen the emergence of a
Boisjoly watch imports has agreed to purchase 15000 swiss : boisjoly watch imports has agreed to purchase 15000 swiss watches for 1 million francs at todays spot rate. the firms
Lantto air uses two measures of activity flights and : lantto air uses two measures of activity flights and passengers in the cost formulas in its budgets and performance
In 2013 tommys construction corp began construction work : in 2013 tommys construction corp began construction work under a three- year contract. the contract price is 1600000.
The companys beta is 125 the market risk premium is 500 and : the isberg company just paid a dividend of 0.80 per share and that dividend is expected to grow at a constant rate of
On february 1 2013 can do it trucks sold a diesel rig to ma : on february 1 2013 can do it trucks sold a diesel rig to ma transports for 250000 receiving a 50000 down payment and a
The bailey machine tool company thinks it can increase : the bailey machine tool company thinks it can increase sales by 10 million by loosening its credit standards somewhat.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd