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Andrei [34K]
3 years ago
15

Duprey Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 2,200 client-visits, but it

s actual level of activity was 2,150 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for January: Data used in budgeting: Fixed Element per Month Variable element per client-visit Revenue - $ 58.40 Personnel expenses $ 33,500 $ 18.00 Medical supplies 1,000 9.90 Occupancy expenses 9,300 2.20 Administrative expenses 5,300 0.40 Total expenses $ 49,100 $ 30.50 Actual results for January: Revenue $ 127,950 Personnel expenses $ 69,720 Medical supplies $ 23,125 Occupancy expenses $ 14,290 Administrative expenses $ 5,930 The administrative expenses in the planning budget for January would be closest to:
Multiple Choice
A. $6,160
B. $6,068
C. $5,930
D. $6,180
Business
1 answer:
djyliett [7]3 years ago
3 0

Answer:

None of above. Net Income is 12.280

Explanation:

Particulars

Revenue                                 128480

Personnel Expenses         73100

Medical Supplies                 22780

Occupancy Expenses         14140

Administrative Expenses 6180

Net Income 12.280

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What is a major function of both retail and business banks?
IRISSAK [1]

Answer:

C.

Explanation:

Retail banking is a banking system that deals directly with retail consumers. Retail banking is responsible for providing financial aid to the general population. The major function of retail banking includes providing financial aid, checking and savings accounts.

Business banks, on the other hand, are also a part of the banking industry. It specifically deals with corporates and businesses, ranging from small-sized businesses to large-sized corporates. The major function of corporate banking or business banking is also to provide financial aid, checking and savings accounts.

Therefore, option C is the correct answer.

5 0
2 years ago
If the coupon rate on a bond is higher than the yield to maturity, Multiple Choice the bond sells at a discount. the coupon rate
Law Incorporation [45]

Answer:

the current yield on the bond is lower now than when the bond was originally issued.

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.

A yield to maturity can be defined as the bond's total rate of return required by the secondary market while the coupon rate is defined as the annual interest of a bond divided by its face value.

Hence, if the coupon rate on a bond is higher than the yield to maturity, the current yield on the bond is lower now than when the bond was originally issued.

7 0
2 years ago
Given the annual rate of economic growth, the "rule of 70" allows one toA) determine the accompanying rate of inflation.B) calcu
erik [133]

Answer:

B) calculate the number of years required for real GDP to double

Explanation:

The rule of 70 calculates the amount of time it takes for an investment to double.

Given the annual rate of economic growth, the rule of 70 calculates the number of years required for real GDP to double.

It is calculated as 70 / annual rate of economic growth.

I hope my answer helps you.

7 0
3 years ago
Astin Company has current assets of $82,530, total assets of $242,050, total net income of $58,240, current liabilities of $72,1
Firdavs [7]

Answer:

a. 1.14

Explanation:

The current ratio is a financial measure that shows how many times the current assets of an entity may be used (covers) the current obligations (liabilities) of the entity.

It is given as current assets divided by current liabilities.

Astin Company’s current ratio

= $82530/$72120

= 1.14

This means that the current assets will settle the current liabilities 1.14 times.

6 0
3 years ago
Prince​ electronics, a manufacturer of consumer electronic​ goods, has five distribution centers in different regions of the cou
marin [14]

Answer:

$378,000

Explanation:

average weekly demand 70 per distribution center

average shipment size to each distribution center is 450

average lead time 3 weeks

each distribution center has a 3 week safety stock

pipeline inventory: average lead time x average demand per distribution center x average price of each modem x number of distribution centers = 3 weeks x 70 units x $360 x 5 = $378,000

pipeline inventory in transit = $378,000

The pipeline inventory represents the minimum average that the company needs to have to at least meet the weekly demand for its product.

7 0
2 years ago
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