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:
Opportunity Cost
The cost of foregoing the next best alternative when making a decision.
Foregone Interest
The potential interest income lost by choosing an alternative investment or spending decision instead of the present option that yields interest.
FDIC Insurance
A federal guarantee of safety for depositor funds in member banks, up to a defined limit.
Bank Panics
Situations in which a large number of bank customers attempt to withdraw their deposits simultaneously due to fears that the bank will become insolvent.
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