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Maliszewski 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 3,400 tenant-days, but its actual level of activity was 3,410 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting:
-The net operating income in the flexible budget for March would be closest to:
Equality
A condition of parity, particularly in matters of status, rights, and chances.
Economic Pie
A metaphorical term indicating the total amount of wealth or resources available for distribution within an economy.
Efficiency
Refers to the ability to achieve a desired result without wasting materials, time, or energy.
Equality
The circumstance in which all individuals possess identical opportunities, rights, and standing.
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