Calculate and interpret the following variances

Assignment Help Financial Management
Reference no: EM13493185

Here are the 2011 revenues for the Wendover Group Practice Association for four different budgets (in thousands of dollars):
FlexibleFlexible
StaticEnrollment/Utilization)(Enrollment)Actual
BudgetBudgetBudgetResults
$425$200$180$300

a. What does the budget data tell you about the nature of Wendover'spatients: Are they capitated or fee-for-service? (Hint: See the note to Exhibit 8.7.)

b. Calculate and interpret the following variances:
•Revenue variance
•Volume variance
•Price variance
•Enrollment variance

 

Reference no: EM13493185

Questions Cloud

What is the rotational acceleration of the disk : The rotational velocity of a spinning disk decreases from 8 rev/s to 3 rev/s in 12 sec. What is the rotational acceleration of the disk
Explain the average concentration of hcl : The student determined that the average concentration of HCl was 0.188 M. What volume of 0.0875 M NaOH would be needed to comletely react with 15.0 mL of this acid
Estimate the magnitude of the pushing force : A 45 g golf ball is pushed up a 30° ramp. The ball starts from rest and the length of the surface of the ramp is 5 m. What was the magnitude of the pushing force
Determine the relationship of each bud­ get line to volume : Explain how each amount in the flexible budget was calculated. (Hint Examine the static budget to determine the relationship of each bud­ get line to volume.)
Calculate and interpret the following variances : What does the budget data tell you about the nature of Wendover'spatients: Are they capitated or fee-for-service? (Hint: See the note to Exhibit 8.7.)
Determine the speed at which protons exit the cyclotron : A cyclotron (see figure below) designed to accelerate protons has an outer radius of 0.348 m. Find the speed at which protons exit the cyclotron
Explain the vapor pressure of a solution with a benzene : What is the vapor pressure of a solution with a benzene to octane molar ratio of 2:1. (benzene= 280 mmHg ; octane= 400 mmHg)
Explain what will be the concentration of hso4 : Suppose that a fully charged lead-acid battery contains 1.16 L of 5.00 M H2SO4. What will be the concentration of HSO4- in the battery after 2.83 A of current is drawn from the battery for 6.3 h
How are the variances calculated above related : Calculate and interpret the volume and management variances on the cost side.

Reviews

Write a Review

Financial Management Questions & Answers

  The paradise shoes company has estimated its weekly tvc

the paradise shoes company has estimated its weekly tvc function from data collected over the past several months as

  Explain expected average percentage return on savings

A couple has just given birth to a baby and named him Jimmy. They want to start a college savings account for Jimmy and start saving for his college education. The following facts will help you work this problem

  Complete the financial reporting for each period and

complete the financial reporting for each period and develop recommendations using the templates provided. procedure1.

  Based on your reading of the book what money cant buy the

based on your reading of the book what money cant buy the moral limits of the markets by michael j. sandel write an

  Explain what is the financial break-even point

The machine costs $575,000. The sales price per pair of shoes is $60, while the variable cost is $14. $165,000 of fixed costs per year are attributed to the machine. Assume that the corporate tax rate is 34 percent and the appropriate discount rat..

  The final project for this module is a consultancy report

the final project for this module is a consultancy report to anthonys orchard an expanding apple orchard and

  Financial decision-making techniques

Complete a project that helps you apply theoretical knowledge of financial planning to practical applications. It is a proven fact that learning by doing is more effective than reading theory.

  Consider the recent performance of the closed fund a

consider the recent performance of the closed fund a closed-end fund devoted to finding undervalued thinly traded

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  How does a current account deficit benefit u.s. citizens

What is a current account deficit? Specifically, what does it mean that the U.S. isrunning a current account deficit? How does a current account deficit benefit U.S. citizens? Howdoes a current account deficit hurt U.S. citizens?

  An exchange rate is currently 08000 the volatility of the

an exchange rate is currently 0.8000. the volatility of the exchange rate is quoted as 12 and interest rates in the two

  In working out your responses to the discussion question

in working out your responses to the discussion question you should choose examples from your own experience or find

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd