Calculate and interpret the following variances

Assignment Help Financial Management
Reference no: EM13493185

Here are the 2011 revenues for the Wendover Group Practice Association for four different budgets (in thousands of dollars):
FlexibleFlexible
StaticEnrollment/Utilization)(Enrollment)Actual
BudgetBudgetBudgetResults
$425$200$180$300

a. What does the budget data tell you about the nature of Wendover'spatients: Are they capitated or fee-for-service? (Hint: See the note to Exhibit 8.7.)

b. Calculate and interpret the following variances:
•Revenue variance
•Volume variance
•Price variance
•Enrollment variance

 

Reference no: EM13493185

Questions Cloud

What is the rotational acceleration of the disk : The rotational velocity of a spinning disk decreases from 8 rev/s to 3 rev/s in 12 sec. What is the rotational acceleration of the disk
Explain the average concentration of hcl : The student determined that the average concentration of HCl was 0.188 M. What volume of 0.0875 M NaOH would be needed to comletely react with 15.0 mL of this acid
Estimate the magnitude of the pushing force : A 45 g golf ball is pushed up a 30° ramp. The ball starts from rest and the length of the surface of the ramp is 5 m. What was the magnitude of the pushing force
Determine the relationship of each bud­ get line to volume : Explain how each amount in the flexible budget was calculated. (Hint Examine the static budget to determine the relationship of each bud­ get line to volume.)
Calculate and interpret the following variances : What does the budget data tell you about the nature of Wendover'spatients: Are they capitated or fee-for-service? (Hint: See the note to Exhibit 8.7.)
Determine the speed at which protons exit the cyclotron : A cyclotron (see figure below) designed to accelerate protons has an outer radius of 0.348 m. Find the speed at which protons exit the cyclotron
Explain the vapor pressure of a solution with a benzene : What is the vapor pressure of a solution with a benzene to octane molar ratio of 2:1. (benzene= 280 mmHg ; octane= 400 mmHg)
Explain what will be the concentration of hso4 : Suppose that a fully charged lead-acid battery contains 1.16 L of 5.00 M H2SO4. What will be the concentration of HSO4- in the battery after 2.83 A of current is drawn from the battery for 6.3 h
How are the variances calculated above related : Calculate and interpret the volume and management variances on the cost side.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd