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

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Smithj 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 February, the kennel budgeted for 3, 500 tenant-days, but its actual level of activity was 3, 490 tenant-days.The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: Smithj 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 February, the kennel budgeted for 3, 500 tenant-days, but its actual level of activity was 3, 490 tenant-days.The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting:   Actual results for February:   The revenue variance for February would be closest to: A) $640 F B) $918 F C) $640 U D) $918 U Actual results for February: Smithj 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 February, the kennel budgeted for 3, 500 tenant-days, but its actual level of activity was 3, 490 tenant-days.The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting:   Actual results for February:   The revenue variance for February would be closest to: A) $640 F B) $918 F C) $640 U D) $918 U The revenue variance for February would be closest to:


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Insured

A person or entity covered by an insurance policy.

Insurance Agency

A business that sells, solicits, or negotiates insurance policies on behalf of insurers.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.

Insurance Coverage

A contractual agreement in which one party receives financial protection or reimbursement against losses from an insurance company.

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