Dinham Kennel Uses Tenant-Days as Its Measure of Activity; an Animal

question 144

Multiple Choice

Dinham 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 March, the kennel budgeted for 2,000 tenant-days, but its actual level of activity was 2,040 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March:
Data used in budgeting:
Actual results for March:

-The spending variance for food and supplies in March would be closest to:

• A) $208 F
• B) $280 U
• C) $208 U
• D) $280 F

Evaluate different approaches to determining a promotion budget, highlighting their advantages.

Understand the role and impact of digital marketspace in modern commerce.

Identify how digital technologies enhance customer value through utility creation.

Recognize the operational and strategic differences between digital marketspace and traditional marketplace.

---

Definitions:

Insures Deposits

A guarantee provided by government or private entities that deposits in banks are protected up to a certain limit in the event of a bank failure.

Commercial Banks

Commercial Banks are financial institutions that accept deposits, offer various banking services like loans and mortgages, and play a significant role in the financial system.

Great Depression

The Great Depression was a severe worldwide economic downturn that lasted from 1929 to the late 1930s, marked by massive unemployment, deflation, and widespread poverty, affecting many countries around the world.

Lender of Last Resort

A role usually performed by a central bank, providing funds to financial institutions facing financial difficulty to prevent systemic collapse.