1. In 1975, Community Hospital purchased a building for its clinic for $100,000. In 2005, the hospital sold the building for $1,250,000. The return on this investment is _____.

Group of answer choices

a. 8%

b. 1,250%

c. 12.5% d. 800%

2. Dr. Phillips, Dr. Patel, and Dr. Blankley are all gynecologists. They work together under the name Community Women's Center. Dr. Phillips owns 50% of the business. Dr. Patel and Dr. Blankley each own 25% of the business. The profits from their business are retained by the business and each physician takes earnings in the form of salary and dividends. The doctors would like to bring another practitioner into the business as an owner. Which of the following actions must take place in order to bring a new owner into the business?

Group of answer choices

a. The existing owners must dissolve the existing partnership and make a new partnership agreement.

b. The existing owners must each sell some of their shares to the new owner.

c. The Board of Trustees must authorize a resolution to accept a new partner.

d. The new practitioner must come in as an employee.

3. The definition of variance is _____.

Group of answer choices

a. requests for changes to the original project scope

b. the process of collecting actual progress and remaining effort from the project team members

c. the difference between the original project plan (in terms of work, cost, and schedule estimates) and the actual progress/revised estimates

d. the scope-limiting statements

4. The natural balance of all of the following accounts is a credit, except:

Group of answer choices

a. revenue

b. accounts payable

c. fund balance

d. expenses