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iris [78.8K]
2 years ago
10

An organization of high school seniors performs services for patients at Leer Hospital. These students are volunteers and perfor

m services that the hospital would not otherwise provide, such as wheeling patients in the park and reading to patients. Leer spent $1,500 on a recognition banquet and awards for these volunteers. Leer has no employer-employee relationship with these volunteers, who donated 4,000 hours of service to Leer during the year. At the minimum wage rate, these services would amount to $20,600, while it is estimated that the fair value of these services was $25,000. In Leer's statement of activities, what amount should be reported for donated services
Business
1 answer:
Aloiza [94]2 years ago
5 0

"An organization of high school seniors performs services for patients at Leer Hospital."The amount that should be reported for donated services is 0$. This is further explained below.

<h3>What have donated services?</h3>

Generally, donated services are simply defined as Contributed premises, advantageous financial agreements, or donated services are all ways in which a nonprofit might benefit from the generosity of others.

In conclusion, free labor, A unique collection of abilities is required, and we were going to buy it anyhow.

Read more about donated services

brainly.com/question/13394409

#SPJ1

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Jacoby Company received an offer from an exporter for 25,400 units of product at $18 per unit. The acceptance of the offer will
OlgaM077 [116]

Answer:

Differential income from the special order= $127,000

Explanation:

A company should accept a special order where the order generates additional contribution. i.e where the special order sales exceeds all relevant cost.

The relevant cost for decision to accept the special order are  

I Incremental Revenue from the special order  

2. incremental variable cost

Contribution per unit = 18-13=5

Total contribution from special order = contribution per unit × units

                                                      = 5× 25,400=$127,000

Differential income from the special order= $127,000

Note that whether or not the special order is accepted the fixed manufacturing and fixed operating expenses of would be incurred either way. Therefore , they are not relevant for the decision

6 0
3 years ago
Matthew Granger is a member of the board of directors at Produxicore Inc. Over a period of one year, Matthew failed to attend mo
FrozenT [24]

Answer: Negligence of duties

Explanation:

As a board member it's one of his primary duty to keep abreast of the firm performance. Not been aware for a year on the excuse of not been informed and not seeking to find out personally shows a negligence of duties.

7 0
3 years ago
Taobao has been placed on the U.S. trade representative offices blacklist of “notorious marketplaces” due to the websites sale o
Gemiola [76]

Answer:

The answer is: letter a, To protect national security.

Explanation:

This incident occurred in <em>2016.</em> Taobao is one of the online shopping websites owned by "Alibaba Group." It was placed on the blacklist by the U.S. because of selling<em> "counterfeit goods."</em> However, it was removed from the blacklist in 2012, since it showed efforts in combating piracy.

One reason for putting Taobao in the blacklist is to protect national security. This is the responsibility of the government to the nation when it feels threatened by anything harmful. The pirated goods were considered a threat to the nation. It can also result to financial loss to the owners due to stolen intellectual properties.

Thus, this explains the answer.

3 0
3 years ago
In Ricci v. DeStefano, Ricci, a white firefighter, took and passed the City of New Haven firefighter's test, required of all app
vfiekz [6]

Answer:

The correct answer is A. In Ricci v. DeStefano, the Supreme Court ruled that an employer may not simply disregard a test based on unwanted results unless the test is shown to be biased or deficient.

Explanation:

Ricci v. DeStefano is a Supreme Court ruling of 2009, after a lawsuit by nineteen firefighters who claimed to have been discriminated against in terms of career development.  They denounced that they had been discriminated after having passed the admission tests and still had not been promoted, since no African-American candidate had passed the tests. They also denounced that they had not been promoted because the Fire Department did not want to promote a group of new recruits without including within it any member of racial minorities.

Finally, the Supreme Court established that said procedure violated Title VII of the Civil Rights Act of 1964, since in the case equal access to employment was not guaranteed (in this case, favoring minorities over white firefighters), for set different demands for purely racial reasons.

7 0
3 years ago
Leno Company sells goods to the Fallon Company for​ $10,000. It offers credit terms of​ 2/10, n/30. If Fallon Company pays the i
Zinaida [17]

Answer:

Leno Company will record a debit to Cash in the amount​ of: D. ​$9,800

Explanation:

The terms of 2/10, n/30 means 2% discount for the payment within 10 days and the full amount to be paid within 30 days.

Fallon Company pays the invoice within the discount​ period - early enough to receive a 2% discount. The discount amount is 2% x $10,000 = $200.

On the other hand, Leno Company has to offer a 2% discount to Fallon Company. Cash amount Leno Company receives = $10,000 - 2% x $10,000 = $9,800

Leno Company will record a debit to Cash in the amount​ of $9,800

6 0
3 years ago
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