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

question 224

Multiple Choice

Vanderhyde 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 May, the kennel budgeted for 3,300 tenant-days, but its actual level of activity was 3,340 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Actual results for May: The net operating income in the planning budget for May would be closest to:

• A)$13,020
• B)$19,025
• C)$13,436
• D)$19,489

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Definitions:

Conversion

The act of wrongfully taking or retaining a person’s personal property and placing it in the service of another.

Wrongful Interference

A legal term referring to the act of intentionally interfering with contractual or business relationships.

Business Relationship

A connection between two or more parties engaged in commercial transactions or activities, based on contractual, statutory, or recognized ethical obligations.

Intentionally Interfered

Deliberate actions taken to obstruct or meddle with someone's rights, activities, or legal interests.