hcf_u4ip
this response must be 2-3 pagesPart IThe budget scenario consists of actual and budgeted figures. Assume that Eastside Urgent Care Clinic anticipated that it would provide 2,500 flu shots in 2010 to noninsured patients at $10 per shot. The revenue and expenses were budgeted for 2,700 flu shots in 2010 to noninsured patients. The budgeted expenses were $5,000. Assume that the clinic provided only 2,455 flu shots to noninsured patients, or 98%. The actual expenses were $4,500.Calculate the following:Static budget varianceRevenueExpensesExcess of expenses over revenuePart IIOf the 4 cash flow reporting methods provided, which method is used in the following scenario?Scenario:Assumptions Item: The proposal is for the purchase of a new MRI machineCost: The machine costs $1,500,000. The cost for preparing the MRI suite is $500,000. The total cost is $2 million.Life: 10 yearsSalvage value: $100,000Cost of capital: Estimated at 5%Cash flow: The MRI machine is expected to generate revenue. The increase in revenue is anticipated to be $2,500,000 over a period of 5 years.Year 0 = ($2,000,000)Year 1 = $500,000Year 2 = $500,000Year 3 = $500,000Year 4 = $500,000Year 5 = $500,000