Which of the following statements about minimum payments is incorrect? a. minimum payments are typically only 2-4% of your total debt b. if you send in the minimum payment, you will be charged a late fee. c. you will still pay interest on your balance if you submit the minimum payment. d. paying the minimum means you are only paying off a portion of your total debt.

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: