Blackjack inc. wants to replace a 9minus−yearminus−old machine with a new machine that is more efficient. the old machine cost $70,000 when new and has a current book value of $15,000. blackjack can sell the machine to a foreign buyer for $14,000. blackjack's tax rate is 35%. the effect of the sale of the old machine on the initial outlay for the new machine is

Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 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-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to: