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Wesolick Clinic uses client-visits as its measure of activity.During August,the clinic budgeted for 2,900 client-visits,but its actual level of activity was 2,870 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 medical supplies in the flexible budget for August would be closest to:
WACC
Weighted Average Cost of Capital, a calculation used to estimate the average rate of return a company is expected to pay its security holders to finance its assets.
MM Model
Refers to the Modigliani-Miller theorem, which proposes that under certain market conditions and assumptions, the value of a firm is unaffected by its capital structure.
Bankruptcy Risk
The likelihood that a company will be unable to meet its financial obligations and may have to declare bankruptcy.
Debt Financing
Raising funds through borrowing, typically by issuing bonds or taking out loans, which must be repaid at a later date, usually with interest.
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