Buonocore Clinic Uses Client-Visits as Its Measure of Activity

question 252

Multiple Choice

Buonocore Clinic uses client-visits as its measure of activity. During August, the clinic budgeted for 2,800 client-visits, but its actual level of activity was 2,770 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for August: Data used in budgeting: Actual results for August: The personnel expenses in the planning budget for August would be closest to:

• A)$74,232
• B)$75,480
• C)$75,036
• D)$75,012

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Definitions:

Levels of Service

Different tiers or standards of service provided to customers, often categorized by speed, quality, or other distinguishing features.

Retail Outlets

Physical stores where products are sold directly to consumers.

Retailing Mix

The combination of factors used by retailers to attract customers and sell goods, including product assortment, pricing strategies, promotional activities, and locations.

Diverse Portfolio

An investment strategy that spreads assets among various types of investments, industries, and geographic locations to manage risk.