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Tolentino 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 November, the kennel budgeted for 3,400 tenant-days, but its actual level of activity was 3,440 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for November:

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Data used in budgeting: Actual results for November: The net operating income in the flexible budget for November would be closest to $31,280 $31,648 $14,480 $14,848 Young Enterprises has budgeted sales in units for the next five months as follows: Past experience has shown that the ending inventory for each month should be equal to 10% of the next month's sales in units. The inventory on May 31 fell short of this goal since it contained only 600 units. The company needs to prepare a Production Budget for the next five months. The total number of units to be produced in July is: 8,620 units 8,800 units 8,980 units 9,500 units Carpon Lumber sells lumber and general building supplies to building contractors in a medium-sized town in Montana. Data regarding the store's operations follow: Sales are budgeted at $420,000 for November, $430,000 for December, and S450.000 for January. Collections are expected to be 67% in the month of sale. 30% in the month following the sale, and 3% uncollectible. The cost of goods sold is 75% of sales. The company desires to have an ending merchandise inventory equal to 60% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $25,100. Monthly depreciation is $17,500. Ignore taxes. The accounts receivable balance, net of uncollectible accounts, at the end of December would be: $288,100 $141,900 $107,500 $129,000