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Vernon Clinic uses patient-visits as its measure of activity. During February, the clinic budgeted for 3,110 patient-visits, but its actual level of activity was 2,860 patient-visits. The clinic bases its budgets on the following information: Revenue should be $30.40 per patient-visit. Personnel expenses should be $21,200 per month plus $10.30 per patient-visit. Medical supplies should be $2,000 per month plus $5.00 per patient-visit. Occupancy expenses should be $5,800 per month plus $1.60 per patient-visit. Administrative expenses should be $2,900 per month plus $0.35 per patient-visit. The clinic reported the following actual results for February:
Prepare the clinic%u2019s flexible budget performance report for February. (Input all amounts as positive values. Do not round intermediate calculations and round your final answers to the nearest dollar amount. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.
Evaluate the amount of goodwill or others intangible assets derived from the transaction and explain whether you support that this value was created as a result of the business combination.
Under the terms of his salary agreement, president Juan Rivera has an option of receiving either an immediate bonus of $40,000, or a deferred bonus of $75,000 payable in 10 years.
It was inherited by an individual who did not use the machine in business and was sold on November 22, 2009, for $53,000. Discuss the amount and nature of the gain or loss from disposition of the machine?
Prepare a written memo to Baku and Hanson describing the advantages and disadvantages of each organizational form. Also, from the limited information provided, recommend the organizational form you think they should use.
delta safty system manufactures a componont used in aircraft radar system the firms fixed cost are 3000000 per year
Greenville Corporation is considering the addition of a new product to its current product lines. The expected cost and revenue data for the new product are as follows:
What are reversing entries? Why would an accountant need to make a reversing entry? What are the pros and cons of using reversing entries?
Calculate the employer's payroll taxes, using the following rates: state unemployment, 4.3% federal unemployment, 0.8%. Illustrate the effects on the accounts and financial statements of recording the accrual of payroll taxes.
A savings account was opened for a baby on 1985 with a $100 deposit. No withdrawls or deposits occurred since the account was opened. The current balance of the account is $246.47.
horton enterprises issued 100000 10-year 6 bonds payable on 11. interest is payable each 6 months 11 and 71. the
Employee theft is a major problem in the U.S. retail industry
Prepare anamortization table of the loan. What will bethe amount of interest expense reported by Brookstone Farm for theloan in 2007 and in 2008?
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