Spohn Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 3,400 client-visits, but its actual level of activity was 3,370 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting for February: Fixed element per month Variable element per client-visitRevenue - $28.10 Personnel expenses$26,100 $7.70Medical supplies 900 5.10Occupancy expenses 5,600 0.80Administrative expenses 4,300 0.40Total expenses$ 36,900 $ 14.00The net operating income in the planning budget for February would be closest to: (Round your intermediate calculations to 2 decimal places.)
A. $11,653
B. $10,617
C. $11,862
D. $11,040
Answer: D
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Anole Company was incorporated as a new business on January 1, 2016 . The company is authorized to issue 20,000 shares of $5 par value common stock and 10,000 shares of 6%, $10 par value, cumulative, participating preferred stock. On January 1, 2016, the company issued 8,000 shares of common stock for $15 per share and 2,000 shares of preferred stock for $30 per share. Net income for the year
ended December 31, 2016, was $375,000. Refer to the information about Anole Company. The number of Anole's unissued shares of common stock at December 31, 2016, is a. 6,000. b. 8,000. c. 10,000. d. 12,000.
What is a report?
A. A collection of large complex data sets, including structured and unstructured, that cannot be analyzed using traditional database methods and tools. B. A document containing data organized in a table, matrix, or graphical format allowing users to easily comprehend and understand information. C. A view of data at a particular moment in time. D. A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.
Lou Greenidge made an offer to buy a house from Tony Umberto conditional on his
being able to arrange financing. Shortly after making the offer, Lou began to regret his decision and so made no attempts to seek the financing. On the day that the conditional offer expired, Lou advised Tony that he had been unable to obtain the financing and so there was no longer a valid agreement. Which of the following is correct? A) Lou did not take reasonable steps to arrange the financing B) The agreement will be enforceable against Lou C) Lou had an obligation to act in good faith in seeking to arrange the financing D) B and C E) All of the above
The initial interest rate is the part of a purchase price that is paid up front in cash.
Answer the following statement true (T) or false (F)