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SpyIntel [72]
2 years ago
7

Bracken Clinic uses client-visits as its measure of activity. During September, the clinic budgeted for 2,100 client-visits, but

its actual level of activity was 2,140 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for September: Fixed element per Variable element per month client-visitRevenue $44.50Personnel expenses $26,100 $12.60Medical supplies 600 7.20Occupancy expenses 6,500 2.40Administrative expenses 3,100 0.10Total expenses $36,300 $22.30Actual results for September:Revenue $93,240 Personnel expenses $50,754 Medical supplies $15,328 Occupancy expenses $11,646 Administrative expenses $3,394 The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for September would be closest to ______.
Business
1 answer:
Gnesinka [82]2 years ago
6 0

The variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for September would be closest to $910.

Explanation:

Following are the cost which are listed as follows,

  • Variable element per month client-visit Revenue = $44.50
  • Personnel expenses= $26,100 $12.60
  • Medical supplies= 6007.20
  • Occupancy expenses= 6,500
  • Administrative expenses= 3,100
  • Total expenses= $36,300 $22.30
  • Actual results achieved in the month of September is as under:
  • Revenue= $93,240
  • Personnel expenses= $50,754
  • Medical supplies= $15,328
  • Occupancy expenses =$11,646
  • Administrative expenses= $3,394
  • The formula for net operating income is calculated by subtracting the operating expenses from the total revenues.
  • A flexible budget variance is known as the difference between the results incurred by a flexible budget model and the actual results.
  • For the month of  September, the cost would be closest to $910.

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3 years ago
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If markets are efficient, what should be the correlation coefficient between stock returns for two nonoverlapping time periods?
S_A_V [24]

Answer: Zero

Explanation:

The Correlation Coefficient measures the relationship between 2 variables under study and ranges from -1 to +1 which -1 meaning that the two are perfectly negatively correlated and +1 meaning they are perfectly positively correlation. A Correlation Coefficient of 0 means that there is no relationship.

An efficient market is one where all information is available to every market participant. This means that one cannot use information from one period to make abnormal profits in another period because all information is available. The Correlation Coefficient will therefore show 0 because information from the previous period is not being used in another period meaning there is no relationship between stock returns.

7 0
3 years ago
Consider the following simple economy that produces only three​ goods: 2009​ (Base Year) 2017 Product Quantity Price Quantity Pr
Oxana [17]

Answer:

The answer is $6680

Explanation:

To calculate the Real GDP we use prices from the base year.

GDP =  100x40 + 80x11 + 20x90 = $6680

8 0
3 years ago
Winston Clinic is evaluating a project that costs $61,500 and has expected net cash inflows of $15,000 per year for eight years.
iragen [17]

Answer:

Payback Period = 4 Years

Net Present value = $15692

Internal Rate of Return = 17.82%

Modified Internal Rate of Return = 14.20%

Explanation:

Payback Period = (Initial Investment / Net Cash inflows)

Payback Period = $61500/15000 = 4 Years

Net Present value using PVIF table value at 11% over the period and discount them given cash flows gives us discounted cash flows.

Year  CF       PVIF 11%,n   Discounted CF

0 -61500  1.000   (61,500)

1 15000  0.901   13,514  

2 15000  0.812   12,174  

3 15000  0.731   10,968  

4 15000  0.659   9,881  

5 15000  0.593   8,902  

6 15000  0.535   8,020  

7 15000  0.482   7,225  

8 15000  0.434   6,509  

Summing up the discounted Cash flows gives us the Net Present value of $15692

Internal Rate of Return:

Using Excel Function IRR @ 17.82% applying it on cash flows gives the rate where Present value of Cash flows is Zero.

Modified Internal Rate of Return:

Modified internal rate of return is at the level of 14.20% as it lower than IRR because it assume positive cash flows invested at cost of capital.  

4 0
3 years ago
A department had 600 units which were 40% complete in beginning Goods in Process Inventory. During the current period, 7,000 uni
STALIN [3.7K]

Answer:

The equivalent units produced is 7320

Explanation:

To get the units produced in this period we ignore the beginning inventory, we just add new transferred out  +ending inventory

  • 7,000 units were transferred out  
  • Al the end , we have 800 at  40%= 320

Adding the 3 items

UP=7000+320=7320

4 0
3 years ago
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