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Consider the following 2008 data for Newark General Hospitals (in millions of dollars
Simple Budget_______Flexible Budget_ Actual Budget__
Revenue______$4.7$____4.8_____$4.5____...
Cost___________4.1___4.1 ___4.2_______
Profit__________0.6____0.7____ 0.3______
a Calculate and interpret the two revenue variances
b-Calculate and interpret the two revenue variances
c-Calculate and interpret the two cost variances
d-How are the variances related?
Sales= 4,500,000 Min required return= 15% Avg Operating assets= 1,800,00 Residual Income= 90,000 !) Whats the company's return on investments? Please show work so I can see how
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