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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: Actual results for February:
The revenue variance for February would be closest to:
Market Economics
An economic system based on supply and demand with little or no government control, where prices are determined freely by the market.
Disadvantaged Groups
refers to segments of the population that face systemic barriers in society, including economic, educational, and social obstacles, often based on race, ethnicity, gender, disability, or economic status.
Economic Interests
The financial benefits or motivations influencing individuals or groups, often driving policy preferences or business decisions.
Popular Democrats
Members or supporters of the Democratic Party who are widely favored or well-liked by the public or within the party itself.
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