Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem - Hoosier Hospital built a Primary Care Clinic in 2016 and wants to review its revenue variance at the end of 2016 and compare it to budget. Per the givens below, answer the following questions:
Planned
Actual
Visits
10,000
9,400
Clinic Revenues
$210,000
$169,200
Required -
a) Determine the variances between the visits and the clinic revenues for planned and actual budgets. Label each as favorable or unfavorable.
b) Create a flexible budget for revenue based on ACTUAL visits:
1. For the planned budget how much is revenue per visit?
2. How much revenue should we expect for the ACTUAL number of visits for our flexible budget?
3. How much was the ACTUAL revenue per visit rate VARIANCE? Was this favorable or unfavorable? Show the difference.
In 2016, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2018. Calculate the amount of revenue and gross profit to be recognized in each of the three year..
Preparing a standard cost summary and making journal entires. The normal capacity of Albany Adhesives Inc. is 40,000 direct labor hours and 20,000 units per month. A finished unit requires 6lbs of materials at an estimated cost of $2 per pound. Prepa..
You have two clients whose interest's conflict. Do you believe you should continue to serve both of these clients? Explain. You own your own accounting firm
What is the first day that an individual could sell a capital asset purchased on July 31, 2014 and have a holding period of more than one year?
The first piece of equipment and $360,000 for the second piece of equipment. What amount should be recorded for the SECOND piece of equipment?
Determine the contribution margin per machine hour for each type of vase. Determine the number of units of each style of vase that Rose Incorporated should produce to maximize operating income.
Terry, Nick, and Frank are forming The Doctor Partnership. Terry is transferring $29,531 of personal cash and equipment worth $24,857 to the partnership. Nick owns land worth $17,646 and a small building worth $75,981, which he transfers to the partn..
Could you please research and explain if account balances in the general ledger are adjusted or not when an accounting change is reported under the retrospective approach?
Equipment financed by a finance-company loan requiring 20 payments starting in one month of $750 per month. Which is the better deal for JBE?
A growing number of organizations are using cloud computing as a viable alternative for their IT resource needs. Cloud computing allows organizations to increase their ability to meet computing resource demands while avoiding significant investments ..
On January 2, 2019, Lindsay Corporation issued $800,000 of 8% convertible. Prepare the journal entry to record the issuance of the bonds.
The face value is $1,000 and the current market price is $1,062.50 per bond. The bonds mature in 16 years. What is the yield to maturity?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd