Kevin Company Prepared the Following Static Budget for the Year

question 151

Multiple Choice

Kevin Company prepared the following static budget for the year 2015: $$\begin{array} { | l | c | r | } \hline \text { Static Budget } & & \\\hline \text { Units/volume } & & 5,000 \\\hline& \text { Per Unit } \\ \hline \text { Sales revenue } & \$ 3.00 & \$ 15,000\\\hline \text { Variable expenses } & \$ 1.50 & 7,500\\\hline \text { Contribution margin } && 7,500 \\\hline \text { Fixed expenses } & & \underline { 4,000 }\\\hline \text { Operating income/(loss) } & &\underline {\$3,500} \\\hline\end{array}$$ If a flexible budget was prepared at a volume of 6,000, calculate the amount of operating income.

• A) $5,000
• B) $3,500
• C) $9,000
• D) $4,000

Understand and identify the indications for the use of anticoagulants in surgical and nonsurgical patients.

Recognize the signs and symptoms of excessive anticoagulation.

Assess for complications related to anticoagulation therapy and implement appropriate interventions.

Understand proper patient education for home management of anticoagulation therapy.

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Definitions:

Small-Firm Stocks

Equity shares of smaller companies that are often characterized by higher growth potential and higher risk compared to large-cap stocks.

Real Growth

Economic growth adjusted for inflation, reflecting the true increase in value of goods and services produced by an economy.

Nominal Return

The amount of profit or loss generated by an investment without adjusting for inflation or other factors.

Inflation

The pace at which the overall price level of goods and services increases, leading to a decrease in buying power.