A private not-for-profit entity is working to create a cure for a disease. The charity starts the year with one asset, cash of $700,000. Net assets without donor restrictions are $400,000. Net assets with donor restrictions are $300,000. Of the restricted net assets, $160,000 is to be held and used to buy equipment, $40,000 is to be used for salaries, and the remaining $100,000 must be held permanently. The permanently held amount must be invested with 70 percent of any subsequent income used to cover advertising for fundraising purposes. The rest of the income is unrestricted.
During the current year, this health care entity has the following transactions:
1. Receives unrestricted cash gifts of $210,000.
2. Pays salaries of $80,000, with $20,000 of that amount coming from purpose-restricted donated funds. Of the total salaries, 40 percent is for administrative personnel. The remainder is divided evenly among individuals working on research to cure the disease and individuals employed for fundraising purposes.
3. Buys equipment for $300,000 by signing a long-term note for $250,000 and using restricted funds for the remainder. Of this equipment, 80 percent is used in research. The remainder is split evenly between administrative activities and fundraising. The donor of the restricted funds made no stipulation about the reporting of the equipment purchase.
4. Collects membership dues of $30,000 in cash. Members receive a reasonable amount of value in exchange for these dues including a monthly newsletter that describes research activities. By the end of the year, 112/112 of this money had been earned.
5. Receives $10,000 in cash from a donor. The money must be conveyed to a separate charity doing work on a related disease.
6. Receives investment income of $13,000 from the permanently restricted net assets.
Pays $2,000 for advertising. The money comes from the income earned in (f).
Receives an unrestricted pledge of $100,000 that will be collected in three years. The entity expects to collect the entire amount. The pledge has a present value of $78,000. Related interest (considered contribution revenue) of $5,000 is earned prior to the end of the year.
7. Computes depreciation on the equipment bought in (c) as $20,000.
8. Spends $93,000 on research supplies that are used up during the year.
9. Owes salaries of $5,000 at the end of the year. None of this amount will be paid from restricted net assets. Half of the salaries are for individuals doing fundraising, and half for individuals doing research.
10. Receives a donated painting that qualifies as a museum piece being added to the entity’s collection of art work that is being preserved and displayed to the public. The entity has a policy that the proceeds from any sold piece will be used to buy replacement art. Officials do not want to record this gift if possible..
A. Prepare a statement of financial position for this not-for-profit entity for the end of the current year.
B. Prepare a statement of activities for this not-for-profit entity for this year.
Answers
Answer and Explanation:
Net assets:
Donor without restrictions $488400
Donor with restrictions. $320100
Liabilities:
Notes payable. $250000
Salaries payable. $5000
Deferred revenue $27500
Donated amount in separate entity $10000.
$1101000
Assets:
Cash $738000
Equipment $280000
Receivables $83000
$1101000
Notes:
1. Cash.
Beginning cash $700,000
contributions $210,000
less salaries $80,000
less equipment purchase $50,000
Membership dues $30,000
Add contribution $10,000
Add investment income $13,000
less advertisement pay $2,000
less pay for supplies $93,000
2.Pledges receivable:
$78,000 plus the $5,000 in interest for period
3. Equipment. acquired equipment at $300,000 during the year.
4. Accumulated Depreciation: depreciation amounted to $20,000 for the equipment purchased till date.
5. Deferred Revenue: deferred revenue amounts to 27500 in membership dues since they've only earned 1/12 of the $30000 in exchange transactions.
6. Notes Payable: amount accrued for equipment
7. Salaries Payable: salaries owed employees as at end of the year
9. Donated Amount in Separate Entity. The organization does not hold variance powers for the amount contributed by a donor and so it's a liability
Related Questions
What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answers
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
Explain what activities could possibly contaminate the integrity of data
Answers
Answer:
The integrity of data can be compromised in a variety of ways, including malicious proprietors, human mistakes, and technical errors.
Explanation:
:)
How long should a résumé be
Answers
Answer:
Mark Brainliest
Explanation:
For most candidates, a resume should be only one page. Be brief and concise with anything you write on your resume. Customize your resume for the job you're applying for and include only relevant experience. If you've done everything right, you shouldn't get past one page
Explain the purpose of a general journal in accounting and give at least two examples of transactions that may be recorded in this journal.
Answers
A general journal is a book of raw business transactions recorded in chronological order by date.
General journal typically contain information about things like cash receipt and payment.In addition,they can also contain inventory,balances,purchases and sales.
•Cash receipt: A cash receipt is a proof of purchase issued when the buyer has paid in cash.
p•Payments:
Payment is the transfer of money, goods, or services in exchange for goods and services in acceptable proportions that have been previously agreed upon by all parties involved.
•Inventory:Inventory refers to all the items, goods, merchandise, and materials held by a business for selling in the market to earn a profit.
•Balance:Balance gives insights into a company and its operations. It reveals a company's liabilities, assets, and owners' equity net worth.
•Purchase and sales:Purchase is a process through which a person gets the ownership of some goods or properties transferred in his name from another, on payment of money. Similarly, sale is a process through which the ownership of some goods or properties is transferred from one person (seller) to another person (buyer), for a price.
How can you become more like Fiji Water in life? Chapter 2, Lesson 1
Answers
Answer:
To be pure is to be yourself when it comes to fighting sin, and listening to what you believe is right over the devil instead. And to be pure is to be yourself when it comes to love, to discover the true placement of your heart, and to love the way you want to out loud, shameless.
Explanation:
Fiji water is pure so I said this. Hope this helps.
Which of the following statements is true?
a. If the value added time decreases and the throughput time decreases, then the manufacturing cycle efficiency (MCE) will always increase.
b. If the value added time increases and the throughput time increases, then the manufacturing cycle efficiency (MCE) will always increase.
c. If the value added time decreases and the throughput time increases, then the manufacturing cycle efficiency (MCE) will always increase.
d. If the value added time increases and the throughput time decreases, then the manufacturing cycle efficiency (MCE) will always increase.
Answers
Answer:
C
Explanation:
Classical economists support which amount of
government intervention into the economy?
A. limited
B. negligent
C. large
Answers
explanation: i took the test
Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $8.00 each and sells 350 balloons each month. His largest competitor, Paul, sells 874 balloons each month at a price of $3.00 each. Levon estimates the total balloon market in town to be 2000 per month at an average price of $5.00 per balloon. What is Levon's relative market share based on units
Answers
The market share of Levon is 28%
Market Share of LevonTotal revenue of Levon is calculated:
$8 * 350 balloons = $2,800 per month
Total Revenue of the market:
$5 * 2000 balloons = $10,000 per month
Dividing Total Revenue of Levon with Total Revenue of the market
$2,800 / $ 10,000 = 0.28
Convert into percentage by multiplying with 100
0.28 * 100 = 28%
Conclusion
The market share of Levon is 28%
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What are some period costs related to the manufacture and sale of McDonald's French fries?
Answers
Some period costs that related to the manufacture and sale of McDonald's French fries are: Advertising and promotion cost, Distribution cost , Rent and utilities ,Administrative cost.
What is period cost?Period costs can be defined as those expenses that are not related to the production of a product but are rather incurred during the period in which the product is sold.
Some examples of period costs related to the manufacture and sale of McDonald's French fries may include:
Advertising and promotion costs to market the French fries to consumersDistribution costs to get the French fries from the manufacturer to the restaurantsRent and utilities for the restaurant space where the French fries are soldAdministrative costs such as salaries for non-production employees and office expensesTherefore Advertising and promotion cost, Distribution cost , Rent and utilities ,Administrative cost are period cost.
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Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online
Answers
To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.
In the project initiation phase, which document contains high-level details of the proposed project? A. project plan B. project proposal C. business justification D. proposal summar
Answers
In the project initiation phase, the project proposal is known to contains high-level details of the proposed project.
What is a project proposal?This is a project document that is known to carry all of the details that the project is supposed to have.
The proposal is known to have an outline of all that the stakeholders need to know about the work that is to be done.
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Answer:
The answer is B. project proposal
Explanation:
You just took an Uber from home to campus for the first time and were willing to pay $13 for the trip. It was so much easier than driving yourself that you are willing to pay $21 for the same trip tomorrow. Determine if you have violated the law of demand based on your choices, and why or why not that is the case.
Answers
Answer:
We do not violate the law of demand based on my choices
Explanation:
We do not violate the law of demand because the preference for the product changed after i experienced the good. Law of demand is not violated as the preference / utility derived from Uber changes after one ride. Now the consumer derives more utility from Uber, so the willingness to pay also increases.
29.
An operation was closed because of an extended electricity failure. When can it
begin service again?
Answers
It can begin service again approval is obtained from the regulatory authority.
When can service startThe duration for an organization to recommence its services after enduring a foremost electricity malfunction relies on several elements, such as the character of the operation, the magnitude of destruction caused by the power cut-off, as well as the accessibility of supplies requisite to renew operations.
For instance, if the establishment is a minor retail outlet, it can possibly resume working once the power source is restituted and various necessary safeguards have been established. Conversely, if the business is a major production concern or informatics server, it could take longer to reinstate tasks due to the meticulously intricate facilities and networks entailed.
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What is used to provide a source of motivation for an organization employees
Answers
There are many ways that organizations can motivate their employees, they are:
1. Offering competitive salaries and benefits packages
2. Providing opportunities for advancement and professional development
3. Creating a positive work environment
4. Recognizing and rewarding good performance
5. Setting clear goals and expectations
Offering competitive salaries and benefits packages: Employees are often motivated by financial rewards and a sense of security.
Providing opportunities for advancement and professional development: Employees may be motivated by the opportunity to learn new skills and take on more responsibilities.
Creating a positive work environment: A positive work environment can be a source of motivation for employees, as they are more likely to be happy and engaged in their work when they feel valued and supported.
Recognizing and rewarding good performance: Employees may be motivated by the recognition of their hard work and achievements, such as through promotions, bonuses, or public acknowledgment.
Setting clear goals and expectations: Employees may be motivated by a sense of purpose and direction, and knowing what is expected of them can help them stay focused and motivated.
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Terrence smiles at his customers, helps his coworkers, and stays late when needed. What personal skill does Terrence demonstrate?
A. Attire
B. Collaboration
C. Human resources
D. Positive attitude
Answers
Answer:The answer is D. Positive Attitude
Explanation:
I just took the test :)
Terence demonstrates the skill of a positive attitude. So the correct option is D.
What is a positive attitude?When you are optimistic, you look on the bright side of things, you gain confidence, and you anticipate growth and success. A positive outlook is necessary for pleasure, joy, and life advancement.
It denotes having a happy attitude in life. The person who is in this frame of mind experiences brightness, hope, and excitement in their life. Adopting this mentality does not guarantee that things will always go according to plan or that there won't be any obstacles.
However, this perspective guarantees that any obstacle you may have won't stop you or alter your frame of mind. This way of thinking about life would also give you the perseverance to keep trying, failing, and doing your best.
It is quite simple to develop negative thought patterns, doubts, anxieties, and fears, as well as to develop a pessimistic attitude toward life.
Therefore the correct option is D.
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Which of these is an example of a monopoly? Utility companies Soda companies Airlines Computer companies
Answers
Utilities firms are one example of a monopoly among the possibilities given. When they are the exclusive provider of these necessary services in a certain region, utility firms, such as those that provide electricity, water, or natural gas, frequently act as Monopoly. As a result, customers are virtually forced to adopt the services offered by the local utility company since they have no other alternatives.
The Landlord's Game, which was developed by Lizzie Magie in the United States in 1903 to advance Henry George's economic theories, particularly his views on taxation, and to show that an economy that rewards Utilities individuals is preferable to one in which monopolies hold all the wealth, is the source of Monopoly.
The Landlord's Game originally featured two sets of rules, one that included taxes and another that serves as the foundation for the present regulations.
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Technology can create a whole new set of competitors that can change a company's business model. O True False
Answers
It is TRUE that technology creates a whole new set of competitors to the extent that it leads to changes in a company's business model.
Rightly, technology has been declared a game changer in the business competitiveness landscape New business models have sprouted from technology.
For example, retail businesses that relied on bricks and walls and cash models have either embraced new business models or gone out of business.Technology has demonstrated that a business does not need to own a physical shop and address in order to market and sell products to customers.With technology, a business can even seamlessly sell to customers across national boundaries.Thus, technology has altered business competition. Competition has, in turn, revolutionized business practices and created new business models.
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1. Using the information learned in Unit 2, create a Power Point presentation or a chart showing how supply and demand, scarcity, and economic measurement affect the legal form of business you chose, as well as the costs associated with your business.
(I chose a landscaping business)
2. Now upload your Power Point presentation or chart below.
Can someone help me with this I’m a bit confuse.
Answers
The willingness of consumers and producers to participate in buying and selling is represented by demand and supply.
How do options and scarcity are impacted by supply and demand?The scarcity principle states that when a product has a low supply and a high demand, its price rises to accommodate the anticipated demand. Marketers frequently apply this theory to artificially reduce the supply of a specific commodity or product and make it exclusive in an effort to increase demand for it.
The attention of the audience can be increased by adding multimedia to make your presentation more engaging. To make your show more visually appealing, you can use images, music, as well as video in PowerPoint. These audible and visual clues could also encourage spontaneity and audience participation from the presenter.
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0
Question 1
What is the most important question you should have after seeing this ad about a check cashing business?
Why Choose ACE to Cash Your Check
The approval process is easy Get your funds without the hassle
No credit check necessary
No waiting Get your funds today
Close, convenient parking
Great customer service
O How many locations do you have?
O Can I get a written copy of all of the fees that you charge for your services?
O What are your hours of operation?
O How many tellers do you have?
Answers
The most important question you should have after seeing this ad about a check cashing business is"
Why Choose ACE to Cash Your Check?No credit check necessary?Can I get a written copy of all of the fees that you charge for your services?Is a check cashing business considered a financial institution?A money service business is one that is seen as a kind of a financial institution that is known to be involved with one or a lot of of the following entities such as:
Check casher Foreign currency dealer, etc.So, the most important question you should have after seeing this ad about a check cashing business is"
Why Choose ACE to Cash Your Check?No credit check necessary?Can I get a written copy of all of the fees that you charge for your services?Learn more about check cashing business from
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If your body does not have enough nutrients, it will begin to
a. shut down
b. make its own
C. find others
d.
use energy
Please select the best answer from the choices provided
А
B
Ο Ο Ο Ο
C
Answers
Answer:
Its A i just did the test its not D
Explanation:
Irfan Inc, instituted a new process in October, during which it started 10,000 units in Department H. Out of 10,000 units, 1,000 units, a normal number, were lost during the process: 7,000 were transferred to Department B: and 2,000 remained in work in process inventory at the end of the month, 100% complete as to materials and 50% complete as to conversion cost. Materials and conversion cost of Rs. 27,000 and Rs. 40,000, respectively, were charged to the department in October.
The cost of work in process inventory at the end of month:
Answers
Inventory refers to all the products, services, and supplies that a business keeps on hand with the intention of reselling them for a profit.
What do you mean by inventory?Inventory or stock refers to the goods and materials that a business keeps on hand with the goal to sell, produce, or use them. The location & shape of loaded commodities are the key concerns of inventory management.
Inventory is the term used to describe the goods and materials that a business buys, produces, or makes with the intention of producing, selling,or exchanging. additionally known as stock trading. Businesses may decide which goods to order when and for what amounts by using inventory management.
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Proposals A and B each cost $600,000 and have 5-year lives. Proposal A is expected to provide equal annual net cash flows of $159,000, while the net cash flows for Proposal B are as follows:
Year 1 $150,000
Year 2 140,000
Year 3 110,000
Year 4 150,000
Year 5 50,000
$600,000
Determine the cash payback period for each proposal. Round your answers to two decimal places, if necessary.
Answers
Answer:
1.Payback period for proposal A = 3.77 years (Approx)
2.Payback period for proposal B = 5 years.
Explanation:
Payback period = Initial investment / Net annual cash inflow
Payback period for proposal A = Initial investment / Net annual cash inflow
Payback period for proposal A = $600000 / $159000
Payback period for proposal A = 3.7735 years
Payback period for proposal A = 3.77 years (Approx)
Payback period for Proposal B:
Computation of cumulative cash flow .
Year Cash flow Cumulative cash flow
1 $1,50,000 $1,50,000
2 $1,40,000 $2,90,000
3 $1,10,000 $4,00,000
4 $1,50,000 $5,50,000
5 $50,000 $6,00,000
$600,000 is recovered in 5th year,
So,
Payback period for proposal B = 5 years.
The focus of qualitative research is on producing "numbers" that can be used in statistical tests
Answers
Answer:
False
Explanation:
A consumer products company found that % of successful products also received favorable results from test market research, whereas % had unfavorable results but nevertheless were successful. That is, P(successful product and favorable test market) and P(successful product and unfavorable test market). They also found that % of unsuccessful products had unfavorable research results, whereas % of them had favorable research results, that is P(unsuccessful product and unfavorable test market) and P(unsuccessful product and favorable test market). Find the probabilities of successful and unsuccessful products given known test market results, that is, P(successful product given favorable test market), P(successful product given unfavorable test market), P(unsuccessful product given favorable test market), and P(unsuccessful product given unfavorable test market).
Answers
Answer:
P(successful product given favorable test market) = 77.19%
P(successful product given unfavorable test market) = 22.81%
P(unsuccessful product given favorable test market) = 25.58%
P(unsuccessful product given unfavorable test market) = 74.42%
Explanation:
the information is incomplete since it is missing the numbers:
"A consumer products company found that 44% of successful products also received favorable results from test market research, whereas 13% had unfavorable results but nevertheless were successful. That is, P(successful product and favorable test market) = 0.44 and P(successful product and unfavorable test market) = 0.13. They also found that 32% of unsuccessful products had unfavorable research results, whereas 11% of them had favorable research results, that is P(unsuccessful product and unfavorable test market) = 0.32 and P(unsuccessful product and favorable test market) = 0.11."
probability of being successful and having favorable test market results = 44%
probability of being successful and having unfavorable test market results = 13%
probability of not being successful and having unfavorable test market results = 32%
probability of not being successful and having favorable test market results = 11%
probability of being successful = 44% + 13% = 57%
probability of not being successful = 32% + 11% = 43%
probability of being successful given favorable test market = 44% / 57% = 0.7719 = 77.19%
probability of being successful given unfavorable test market = 13% / 57% = 0.22819 = 22.81%
probability of not being successful given favorable test market = 11% / 43% = 0.2558 = 25.58%
probability of not being successful given unfavorable test market = 32% / 43% = 0.7442 = 74.42%
Supervisors can more easily manage employees' motivation than they can their ability or the environment.
a. true
b. false
Answers
The statement is False.
Cheers!
The given statement is false.
Who are supervisors?A lower-level management position that is primarily centered on power over employees or the workplace is known as a supervisor, or lead. A professor who supervises a Ph.D. dissertation is an example of one of the most senior members of staff who can serve as a supervisor.
The supervisor's overall role exists to communicate organizational needs, oversee employees' interpretation, furnish guidance, and support, determine development needs, and manage the reciprocal relationship between staff and the association so that each exists successfully.
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2.2 List any TWO characteristics of public goods.
Answers
Answer:
non-excludable and Non-rivalrous
An individual who interprets laws related to the environment most likely works in which field?
a.
Environmental law
b.
Environmental journalism
c.
Environmental activism
d.
Ecology
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
A
Explanation:
Answer:
A
Explanation:
I got it right on edg 2021
Who will be the first Trillonare in this world ?
Answers
The person who is expected to become the first Trillionaire is Jeff Bezos, founder, and CEO of Amazon.
According to a study conducted by Comparison, Jeff Bezos could become the world’s first Trillionaire by the year 2026. This prediction was made on the basis of the average percentage of growth of Bezos’ net worth over the last five years. The study also highlighted that Bezos’ wealth has grown by an average of 34% over the last five years. At this rate of growth, his net worth could reach $1 trillion by the year 2026.
However, the current COVID-19 pandemic has had a negative impact on the economy, and Bezos’ net worth has already decreased by over $20 billion since the start of the pandemic. Despite this, it is still possible that Bezos may become the world’s first Trillionaire in the future, but there are also other contenders who could reach this milestone, such as Elon Musk, CEO of Tesla and SpaceX. However, as of now, there is no confirmed Trillionaire in the world.
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Explain the theory of absolute advantage
Answers
Answer:
Explanation: Absolute advantage is when a producer can produce a good or service in greater quantity for the same cost, or the same quantity at a lower cost, than other producers.
Absolute advantage can be the basis for large gains from trade between producers of different goods with different absolute advantages.
By specialization, division of labor, and trade, producers with different absolute advantages can always gain more than producing in isolation.
Absolute advantage is related to comparative advantage, which can open up even more widespread opportunities for the division of labor and gains from trade.
Dribbling in field hockey is when you.
Answers
Answer:
Dribbling is a technique used in field hockey to move the ball forward using small touches with a hockey stick.