Sue is a small business owner who often gives gifts to clients. she gives a $40 gift to her client, mr. smith, and his wife. sue spent $6 to wrap the gift. she also gave out 400 calendars with her company name on them. each calendar cost $1. sue also gave her secretary a $370 watch for his 10 years of service. how much of the above expenses may she deduct?

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: