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Bess [88]
2 years ago
12

Paulis Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-d

ay. During February, the kennel budgeted for 4800 tenant-days, but its actual level of activity was 4780 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: Fixed element per month Variable element per tenant-day Revenue - $ 31.30 Wages and salaries $ 3800 $ 7.30 Food and supplies 400 12.10 Facility expenses 8800 4.30 Administrative expenses 8600 0.10 Total expenses $ 21,600 $ 23.80 Actual results for February: Revenue $ 108,580 Wages and salaries $ 23,580 Food and supplies $ 36,798 Facility expenses $ 19,330 Administrative expenses $ 9156 The net operating income in the planning budget for February would be closest to: Group of answer choices
Business
1 answer:
emmainna [20.7K]2 years ago
3 0

Answer:

$14,400

Explanation:

The computation of the net operating income in the planning budget is shown below:

= Total revenue - total fixed cost - total variable cost

= (4,800 × $31.30)  - $21,600 - (4,800 × $23.80)

= $150,240 - $21,600 - $114,240

= $14,400

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Merchandise paid for within the discount period for a Cash refund was returned. This will be recorded with a A. credit to a liab
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The answer would be D: debit to an asset. Hoped this helped:)
5 0
3 years ago
As utility companies tend to serve a whole market exclusively, they are known as ______ because the governments involved believe
kykrilka [37]

Natural monopoly  tends to serve a whole market exclusively.

<h2>What is Natural Monopoly?</h2>

A natural monopoly is a sort of monopoly that frequently arises as a result of the high start-up costs or considerable economies of scale of operating a business in a particular industry, which can result in significant barriers to entry for potential competitors. In a certain sector or region, a corporation with a natural monopoly might be the exclusive supplier of a given good or service. In industries that need specialized technology, raw materials, or other elements to function, natural monopolies may develop.

<h3>Key Features of Natural Monopoly</h3>
  • A natural monopoly is a special kind of monopoly that develops when there is only one company that can effectively provide the service in a particular area due to high start-up costs and considerable economies of scale.
  • A business with a natural monopoly may be the exclusive supplier of a good or service in a given sector or region.
  • Natural monopolies are permitted when one firm can provide a good or service for less money than any potential rival, but they are frequently very tightly controlled to safeguard consumers.

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brainly.com/question/2182872

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7 0
1 year ago
Marine Midland Bank sent market researchers door-to-door in the neighborhoods surrounding its branch banks. Each researcher want
leva [86]

Answer: Individual interviews

Explanation: An individual interview can be seen as an experimental method of acquiring information from an original source to gather non-numerical information with a small number of respondents to discuss in detail their viewpoints on a specific idea, program or circumstance.

Here, the Marine Midland Bank sent out their researchers to discuss with the head of each household in the community the reason for not checking accounts and credit cards with the bank. It can be carried out in 15-60 minutes.

8 0
3 years ago
Recently, U.S. dairies, struggling to increase milk sales, tried to change the way adults thought about chocolate milk. The dair
Blizzard [7]

Answer:

The correct answer is C

Explanation:

Repositioning is states as altering or changing the position of the product in the customer minds as relative to the offerings of the product. It is very difficult as well as subtle procedure as the brand or the product needs or require to change the market understanding of the product.

In this case, the dairies would like to reposition the chocolate milk in the minds of the adult customers as they are trying to change the way adults think of chocolate milk.

7 0
3 years ago
Is gross profit or net profit more important to consider when you're deciding how successful and profitable a company is?
ella [17]
The gross profit is more inportant than the net profit

7 0
3 years ago
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