Diiorio Clinic Uses Client-Visits as Its Measure of Activity

question 142

Multiple Choice

Diiorio Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,700 client-visits, but its actual level of activity was 2,750 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 net operating income in the flexible budget for February would be closest to:

• A)$15,889
• B)$15,316
• C)$10,920
• D)$11,750

Explain the purpose and significance of the career objective section in a résumé.

Understand the importance of audience analysis in preparing presentations.

Recognize the effective structuring of presentations using storytelling and other tactics.

Apply strategies for timing and length management in presentations.

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Definitions:

Principle Amount

The principal amount is the initial size of a loan or an investment, not including profits or interest.

Loan Payment

A payment made by a borrower to a lender that may include both the principal and interest.

Effective Annual Rate

The interest rate on a loan or financial product restated from the nominal rate as an annual rate, including any compounding that occurs during the year.

APR

Annual Percentage Rate, a measure that reflects the annualized cost of borrowing including interest and other fees, making it easier to compare different financial products.