Whetstine 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 September, the kennel budgeted for 3,200 tenant-days, but its actual level of activity was 3,180 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 September would be closest to:
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The cost of purchasing a share of a company's stock, determined by supply and demand in the market.
Call Option
A financial contract that gives the buyer the right, but not the obligation, to purchase an asset at a specified price within a certain time frame.
Market Price
The market value at which a service or asset is currently traded.
Call Option
A financial contract that gives the buyer the right, but not the obligation, to buy a specified quantity of an asset at a set price within a specified time.
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