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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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Types of Economic Data For each of the following e whether the data are cross-section, time series or panel data. (a) Quarterly
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Answer:

A. Time series

B. Cross Sectional

C. Panel

D.  Cross Sectional

Explanation:

(a) Quarterly data on the level of U.S. new housing construction from 2000 to 2018, Time series data, numerical

(b) Data on number of doctor visits in 2018 for a sample of 192 individuals. Cross sectional data, numerical

(c) Data on annual health expenditures for each U.S. state from 2000 to 2018. Panel Data, Numerical

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3 years ago
What does it mean that stocks and bonds are relatively liquid? a. They are easier to buy and sell than other forms of investment
Ksenya-84 [330]

Answer:

The answer is A.

Explanation:

They are easier to buy and sell than other forms of investment. When they say an asset is liquid, it means it can easily be turned or converted to cash. Liquid stocks and bonds are easier to sell and buy because they will be see a buyer and seller to pay in exchange for cash.

Illiquid means they are difficult to sell and buy or they are difficult to be converted to cash

8 0
3 years ago
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Economists have remained skeptical of the argument that the​ short-run Phillips curve is vertical for all of the following reaso
Harlamova29_29 [7]

Answer: A- Workers and Firms May not have rational expectations.

5 0
4 years ago
A leasea) Must be for at least one yearb) Conveys the right of occupancy to anotherc) Must include the landlord paying the taxes
Y_Kistochka [10]

Answer:

b) Conveys the right of occupancy to another

Explanation:

A lease is an agreement made between a lessee and a lessor for using an asset. A lessee is a user who pays to the lessor who is the owner for any asset which can be a building, property or a vehicle. The lessee owns the right to use the asset by paying to the lessor for the fixed duration. Usually, the asset put into a lease are tangible but can be intangible too.

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3 years ago
In the short-run, fixed costs __________ with quantity produced. variable costs _________ with quantity produced.
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In the short-run, fixed costs<u> all</u> with the quantity produced. Variable costs<u> at least some</u> with the quantity produced.

A Variable cost is a corporate price that changes in share to how plenty an employer produces or sells. Variable charges grow or decrease depending on an enterprise's manufacturing or income extent—they rise as manufacturing will increase and fall as production decreases.

Variable costs are charges that trade as the volume changes. Examples of variable costs are raw substances, piece-price labor, manufacturing resources, commissions, transport charges, packaging resources, and credit card expenses. In some accounting statements, the Variable costs of manufacturing are called the “fee of goods offered.”

Variable costs are prices that trade as the quantity of the good or carrier that a commercial enterprise produces modifications. Variable charges are the sum of marginal fees over all devices produced. They also can be taken into consideration in everyday expenses. Fixed charges and variable expenses make up the 2 components of general value.

Learn  more about Variable costs here brainly.com/question/5965421

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3 0
2 years ago
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