Paulis 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 5,200 tenant-days, but its actual level of activity was 5,220 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February:. Data used in budgeting:. Fixed element per month Variable element per tenant-day Revenue - $ 31.70 Wages and salaries $ 4,200 $ 7.70 Food and supplies 800 12.50 Facility expenses 8,600 4.70 Administrative expenses 7,600 0.50 Total expenses $ 21,200 $ 25.40 Actual results for February:. Revenue $ 108,980 Wages and salaries $ 23,620 Food and supplies $ 36,802 Facility expenses $ 19,370 Administrative expenses $ 9,164 The net operating income in the flexible budget for February would be closest to:. A. $20,024 B. $19,930 C. $11,686 D. $11,560

Prepare the operating activities section—indirect method.(lo 4), apthe income statement of paxson company is presented here. paxson companyincome statementfor the year ended november 30, 2014sales revenue $7,600,000cost of goods sold beginning inventory$1,900,000 purchases4,400,000goods available for sale6,300,000 ending inventory1,600,000total cost of goods sold 4,700,000gross profit 2,900,000operating expenses selling expenses450,000 administrative expenses700,0001,150,000net income $1,750,000additional information: prepare the operating activities section—indirect 1. accounts receivable decreased $380,000 during the year, and inventory decreased $300,000.2. prepaid expenses increased $150,000 during the year.3. accounts payable to suppliers of merchandise decreased $350,000 during the year.4. accrued expenses payable decreased $100,000 during the year.5. administrative expenses include depreciation expense of $110,000.instructionsprepare the operating activities section of the statement of cash flows for the year ended november 30, 2014, for paxson company, using the indirect method. net cash provided $1,940,000