Duprey clinic uses client-visits as its measure of activity. during january, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,150 client-visits. the clinic has provided the following data concerning the formulas used in its budgeting and its actual results for january: data used in budgeting: fixed element per month variable element per client-visit revenue - $ 58.40 personnel expenses $ 33,500 $ 18.00 medical supplies 1,000 9.90 occupancy expenses 9,300 2.20 administrative expenses 5,300 0.40 total expenses $ 49,100 $ 30.50 actual results for january: revenue $ 127,950 personnel expenses $ 69,720 medical supplies $ 23,125 occupancy expenses $ 14,290 administrative expenses $ 5,930 the administrative expenses in the planning budget for january would be closest to:

multiple choice
a. $6,160
b. $6,068
c. $5,930
d. $6,180

In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?

Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.

In a transportation minimization problem, the negative improvement index associated with a cell indicates that reallocating units to that cell would lower costs.truefalse