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

question 422

Multiple Choice

Gandrud 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 June, the kennel budgeted for 2,600 tenant-days, but its actual level of activity was 2,580 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: The food and supplies in the flexible budget for June would be closest to:

• A)$36,993
• B)$37,569
• C)$37,600
• D)$37,320

---

Definitions:

Figure Chart

Figure chart, often referred to as a point and figure chart, is a charting tool used in technical analysis that plots price movements without regard to time, focusing solely on price actions.

Put/call Ratio

This is a technical indicator that measures the relative trading volume of put options to call options, often used to gauge market sentiment and potential market direction.

Market Contrarians

Market Contrarians are investors who deliberately adopt investment strategies that are opposite to the prevailing wisdom or market trends.

Buy Signal

An indication or signal generated by a technical analysis or trading strategy that suggests it might be a favorable time to purchase a particular security or asset.