Mary Jacobs, the controller of the Jenks Company is working on Jenks' cash budget year 2. She has information on each of the following items:I. Wages due to workers accrued as of December 31, year 1.II. Limits on a line of credit that may be used to fund Jenks' operations in year 2.III. The balance in accounts payable as of December 31, year 1, from credit purchases made in year 1.Which of the items above should Jacobs take into account when building the cash budget for year 2?

What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.

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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: