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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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Answer:

Correct option is (D)

Explanation:

Given:

Purchase price of copyright = $50,000

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Annual depreciation expense as per straight line method:

= Purchase price ÷ useful life

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Only useful life is considered and not legal life.

Carrying value of asset at the end of year = Book value of asset - annual depreciation

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Suppose there are 1000 firms in a market and all are identical. Firm A will hire 20 workers when the wage rate is $10, 25 worker
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Answer:

d. the quantity demanded for the market will increase to less than 30,000 workers.

Explanation:

Missing options:

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maximum total demand for labor = 30 (at $8) x 1,000 firms = 30,000 workers, but since the equilibrium rate had been $9 for many years, some workers have already been hired at $9, and it is usually very difficult to lower someone's wage once they have been working. Even thought the quantity demanded will increase, it will probably not be able to reach 30,000 workers.

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Answer:

John takes $100 of currency from his wallet and deposits it into his checking account. If the bank adds the entire $100 to reserves, the money supply <u>WILL NOT CHANGE</u>, but if the bank lends out some of the $100, the money supply <u>WILL INCREASE</u>.

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