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

question 154

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Goodfriend 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 2,800 tenant-days, but its actual level of activity was 2,840 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for June:

Data used in budgeting:Goodfriend 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 2,800 tenant-days, but its actual level of activity was 2,840 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting  and its actual results for June:  Data used in budgeting:  Actual results for June:   -The expendables in the flexible budget for June would be closest to: A) $41,109 B) $39,140 C) $39,959 D) $38,600 Actual results for June: Goodfriend 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 2,800 tenant-days, but its actual level of activity was 2,840 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting  and its actual results for June:  Data used in budgeting:  Actual results for June:   -The expendables in the flexible budget for June would be closest to: A) $41,109 B) $39,140 C) $39,959 D) $38,600
-The expendables in the flexible budget for June would be closest to:


Definitions:

Novation

A legal process by which an old contract is replaced by a new agreement, transferring rights and obligations to a different party.

Partnership Obligations

Partnership obligations are duties and responsibilities that partners in a business partnership are required to fulfill, including financial contributions, management duties, and adherence to partnership agreements.

Statement of Dissociation

A formal declaration made by a partner indicating their intention to leave a partnership.

Liable

Obligated by law.

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