The key factors section of a financial statement analysis report includes both quantitative and qualitative indicators of company performance.
Answer the following statement true (T) or false (F)
True
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Contrast power and authority. How do power and authority differ between military organizations and typical business organizations?
What will be an ideal response?
Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 4000 client-visits, but its actual level of activity was 3990 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for November:Data used in budgeting: Fixed element per monthVariable element per client-visitRevenue - $36.80? Personnel expenses$30,900? $11.80?Medical supplies 1900? 7.20?Occupancy expenses 9000? 3.30?Administrative expenses 7300? 0.20?Total expenses$49,100? $22.50??Actual results for November: ?Revenue$147,032? Personnel expenses$77,944??Medical supplies$31,460??Occupancy expenses$21,673??Administrative
expenses$7859????The spending variance for medical supplies in November would be closest to: A. $760 F B. $760 U C. $832 F D. $832 U
A total asset turnover ratio of 3.5 indicates that:
A. For every $1 in assets, the firm paid $3.50 in expenses during the period. B. For every $1 in assets, the firm earned gross profit of $3.50 during the period. C. For every $1 in sales, the firm acquired $3.50 in assets during the period. D. For every $1 in assets, the firm produced $3.50 in net sales during the period. E. For every $1 in assets, the firm earned $3.50 in net income.
Which of the following is true regarding the contracts of intoxicated persons?
a. The effect of intoxication is generally the same as that given to contracts that are voidable because of adjudicated incompetency. b. Slight intoxication will destroy one's contractual capacity. c. If an intoxicated person is unable to understand the nature and consequences of his act, then the contract is voidable. d. Courts are strict with respect to the requirement of restitution upon disaffirmance.