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

question 154

Multiple Choice

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

Understand appropriate phone etiquette and communication strategies in a medical office setting.

Learn how to address and manage patient concerns over the phone, including triage and emergencies.

Grasp the importance of clear, concise, and respectful communication with patients, colleagues, and other healthcare providers.

Recognize and implement procedures for handling multiple calls and prioritizing calls based on urgency.

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Definitions:

Charitable Deduction

A tax deduction given for donations made to qualifying charitable organizations.

Estimated Payment

Payments made to cover taxes on income not subject to withholding, like earnings from self-employment, often paid quarterly to avoid underpayment penalties.

Subchapter S Corporation

A Subchapter S Corporation is a form of corporation that meets specific Internal Revenue Code requirements, allowing it to pass income directly to shareholders and avoid double taxation.

Corporate Net Income

The amount of profit a company has earned during a specific period after all expenses, taxes, and costs have been subtracted from total revenue.