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Consider the following 2011 data for Newark General Hospital (in millions of dollars):
a). Calculate and interpret the profit variance
b). Calculate and interpret the revenue variance
c). Calculate and interpret the cost variance
d). Calculate and interpret the volume and price variances on the revenue side.
e). Calculate and interpret the volume and management variances on the cost side.
f). How are the variances calculated above related?
What other sources can I use to learn more about finance?
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It had $8,000 of bonds outstanding that carry a 14% interest rate. How much was the firm's taxable income, or earnings before taxes (EBT)?
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