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Stent 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 3,000 tenant-days, but its actual level of activity was 2,950 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February:
-The wages and salaries in the planning budget for February would be closest to:
Net Income
Net income is the total earnings of a company after all expenses and taxes have been subtracted from total revenue, indicating the company's profitability.
Common Size Analysis
A financial analysis technique that expresses each line item on a financial statement as a percentage of a base figure to allow for comparison.
Financial Statement
A written record detailing the financial activities and condition of a business, including balance sheet, income statement, and cash flow statement.
Base Amount
A reference value or level in financial calculations, often serving as a benchmark for comparing financial performance or changes.
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