Here are the budgets of brandon surgery center for the most recent historical quarter (in thousands of dollars):

static flexible actual

number of surgeries 1,200 1,300 1,300

patient revenue $2,400 $2,600 $2,535

salary expense 1,200 1,300 1,365

non-salary expense 600 650 585

profit $600 $650 $585

the center assumes that all revenues and costs are variable and hence tied directly to patient volume.

a. explain how each amount in the flexible budget was calculated. (hint: examine the static budget to determine the relationship of each budget line to volume.)

b. determine the variances for each line of the profit and loss statement, both in dollar terms and in percentage terms. (hint: each line has a total variance, a volume variance, and a price variance for revenues and management variance for expenses.)

c. what do the part b results tell brandon’s managers about the surgery center’s operations for the quarter?

Which of the following is located at the point where the supply and demand curves intersect? a. the equilibrium price. b. the minimum supply. c. the level of efficient production. d. the maximum demand. 2b2t

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a. no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative. b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child. c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative. d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.

Prepare beneish corporation's income statement and statement of stockholders' equity for year-end december 31, and its balance sheet as of december 31. there were no stock issuances or repurchases during the year. (do not use negative signs with your answers unless otherwise noted.)