Askland Clinic Uses Client-Visits as Its Measure of Activity

question 280

Multiple Choice

Askland Clinic uses client-visits as its measure of activity. During October, the clinic budgeted for 3,100 client-visits, but its actual level of activity was 3,130 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for October:

Data used in budgeting:
Actual results for October:
-The personnel expenses in the planning budget for October would be closest to:

• A)$48,760
• B)$46,647
• C)$49,018
• D)$47,098

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Definitions:

Intercept

The value where a line crosses the y-axis in a graph.

Predicted GPA

An estimation of a student's grade point average based on variables or predictors such as study habits, high school GPA, and standardized test scores.

Slope

A measure of the steepness or incline of a line, calculated as the ratio of the vertical change to the horizontal change between two points on the line.

Intercept

In linear regression, it is the expected value of the dependent variable when all independent variables are zero.