Leven Clinic uses client-visits as its measure of activity. During September, the clinic budgeted for 3,000 client-visits, but its actual level of activity was 3,050 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting for September: Fixed element per month Variable element per client-visitRevenue - $31.00 Personnel expenses$23,900 $10.70Medical supplies 1,400 3.90Occupancy expenses 5,700 1.10Administrative expenses 5,100 0.10Total expenses$ 36,100 $ 15.80The net operating income in the planning budget for September would be closest to: (Round your intermediate calculations to 2 decimal places.)
A. $9,500
B. $10,260
C. $7,259
D. $7,503
Answer: A
You might also like to view...
BMW StreetCarver was a $495 skateboard that featured BMW's technology in its wheel suspension, which stabilizes the board's sleek design and allows for greater control around sharp curves. BMW wanted its skateboard to be within the consideration set of potential skateboard buyers. In this case, it most likely focused on
A. making appeals directed towards motivational ego needs. B. making sure its representatives attend sporting events such as ESPN's X-Games to get new product ideas. C. explaining the stability and control aspects of the StreetCarver in its advertising messages. D. reducing the postpurchase dissatisfaction that may result from purchasing its product. E. creating personality profiles for skateboarders.
Which of the following was not a goal of ASOBAT?
a. To identify the field of accounting so that useful generalizations about it could be made and a theory developed b. To establish standards by which accounting information might be judged c. To point out possible improvements in accounting practice d. To emphasize the creative skill and ability of the accountant, whose presentation should be accepted by those who do not have his or her qualifications and credentials
Total lifetime depreciation amounts on equipment for both financial reporting and tax reporting are the same, only the timing may differ
Indicate whether the statement is true or false
What are American Express Latin America's rules for successful teams?
What will be an ideal response?