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Hubbard Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During January, the kennel budgeted for 2,100 tenant-days, but its actual level of activity was 2,060 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for January:
Data used in budgeting:
Please keep the heads "Data usd in budgeting:" This makes it absolutely clear that the table immediately below the head is for budgeting and the table that follows are actual results.
Actual results for January:
-The wages and salaries in the planning budget for January would be closest to:
Interest Rate
The percentage of a sum of money charged for its use, which can vary based on factors such as inflation, supply and demand of credit, and governmental policy.
Annual
Relating to a period of one calendar year, used to measure or describe events, reports, or statistics that occur or are accumulated yearly.
Bank Account
An account held at a financial institution that allows for the deposit and withdrawal of money.
Annual Withdrawals
The amount of money that an individual withdraws from an investment or savings account each year.
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