Examlex
Which of the following requires a formal journal entry?
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity, allowing for more accurate budgeting in variable cost scenarios.
Tenant-Days
A metric in the real estate and hospitality industry indicating the total number of days that tenants or guests occupy a space.
Planning Budget
A budget prepared for a specific level of activity used as a tool for planning and control in business.
Net Operating Income
A financial metric representing the amount of profit generated from a company's ordinary operations, excluding expenses from interest and taxes.
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