Ruetz Clinic uses client visits as its measure of activity. During November, the clinic budgeted for

2,500 client visits, but its actual level of activity was 2,520 client -visits. The clinic has provided the

following data concerning the formulas to be used in its budgeting

Fixed element per month Variable element per client-visit

revenue - $44.00

Personnel expenses 26,200 12.50

Medical expenses 1,200 8.70

occupancy expenses 8,200 1.20

administrative expenses 4,700 .30

total expenses 40,300 22.70

1. The medical supplies in the flexible budget for November would be closest to:

2.The occupancy expenses in the flexible budget for November would be closest to:

3.The net operating income in the flexible budget for November would be closest to

Cardinal company is considering a project that would require a $2,725,000 investment in equipment with a useful life of five years. at the end of five years, the project would terminate and the equipment would be sold for its salvage value of $400,000. the company’s discount rate is 14%. the project would provide net operating income each year as follows: sales $2,867,000 variable expenses 1,125,000 contribution margin 1,742,000 fixed expenses: advertising, salaries, and other fixed out-of-pocket costs $706,000 depreciation 465,000 total fixed expenses 1,171,000 net operating income $571,000 1. which item(s) in the income statement shown above will not affect cash flows? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) (a)sales (b)variable expenses (c) advertising, salaries, and other fixed out-of-pocket costs expenses (d) depreciation expense 2. what are the project’s annual net cash inflows? 3.what is the present value of the project’s annual net cash inflows? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 4.what is the present value of the equipment’s salvage value at the end of five years? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 5.what is the project’s net present value? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.)