Dog 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 March, the kennel budgeted for 4,000 tenant-days, but its actual level of activity was 4,040 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting: Fixed element per month Variable element per tenant-day Revenue - $ 34.90 Wages and salaries $ 2,900 $ 7.90 Food and supplies 1,900 14.40 Facility expenses 8,400 3.40 Administrative expenses 6,900 0.40 Total expenses $ 20,100 $ 26.10 Actual results for March: Revenue $ 131,231 Wages and salaries $ 28,590 Food and supplies $ 60,575 Facility expenses $ 21,800 Administrative expenses $ 7,099 The revenue variance for March would be closest to:

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business.true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.