Hubbard 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 january, the kennel budgeted for 2,100 tenant-days, but its actual level of activity was 2,060 tenant-days. the kennel has provided the following data concerning the formulas used in its budgeting and its actual results for january: data used in budgeting: fixed element per month variable element per tenant-day revenue - $ 31.10 wages and salaries $ 2,300 $ 7.20 food and supplies 1,000 8.10 facility expenses 9,500 2.70 administrative expenses 7,000 0.30 total expenses $ 19,800 $ 18.30 actual results for january: revenue $ 63,606 wages and salaries $ 17,282 food and supplies $ 18,346 facility expenses $ 14,432 administrative expenses $ 7,408 the wages and salaries in the planning budget for january would be closest to:

multiple choice
a. $17,282
b. $17,618
c. $17,420
d. $17,132

An annuity that goes on indefinitely is called a perpetuity. the payments of a perpetuity constitute a/an series. the equation is: a stock with no maturity is an example of a perpetuity. quantitative problem: you own a security that provides an annual dividend of $170 forever. the security’s annual return is 9%. what is the present value of this security? round your answer to the nearest cent. $

San ruiz interiors provides design services to residential and commercial clients. the residential services produce a contribution margin of $450,000 and have traceable fixed operating costs of $480,000. management is studying whether to drop the residential operation. if closed, the fixed operating costs will fall by $370,000 and san ruiz’ income will

Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above