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Clore 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 March, the kennel budgeted for 2,900 tenant-days, but its actual level of activity was 2,920 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March:
Data used in budgeting: Actual results for March:
-The facility expenses in the flexible budget for March would be closest to:
Prepaid Insurance
An asset account that represents insurance payments made in advance of the period in which the insurance coverage applies.
Cash Amount
The total value of cash on hand, including currency, coins, and balances in demand deposit accounts.
Accounts Receivable
Money owed to a business by its clients for goods or services that have been delivered or sold but not yet paid for.
Cash Amount
The total value of cash on hand or in bank accounts, easily accessible for immediate use by the business.
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