Springmeyer 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 2,940 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for August: 
-The net operating income in the planning budget for August would be closest to:
Definitions:
Creative Accounting
The manipulation of financial records and reports to give a more favorable image of a company's financial position than is justified.
Regulation
involves the establishment of rules or laws designed to control or govern conduct, typically enacted by a government body.
Natural Monopoly
A market condition where a single firm can supply a good or service to an entire market at a lower cost than what two or more companies could.
Least Cost
Refers to the most cost-effective method of producing a given level of output without sacrificing quality.
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