Fager Clinic Uses Client-Visits as Its Measure of Activity

question 122

Multiple Choice

Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,250 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February:Data used in budgeting: Actual results for February:
The personnel expenses in the planning budget for February would be closest to:

• A) $80,675
• B) $80,445
• C) $79,600
• D) $78,657

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Definitions:

Dealer

A person or firm in the business of buying and selling securities for their own account, rather than for customers.

Commodity

Basic goods used in commerce that are interchangeable with other goods of the same type.

Original Issuer

The entity that first creates and offers securities or financial instruments to the public, such as bonds or stocks.

Secondary Market

A market where investors purchase securities or assets from other investors, rather than from issuing companies themselves.