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Nadya [2.5K]
3 years ago
10

City mission is a not-for-profit organization that provides hot meals, living quarters, and showers for homeless people. based o

n their yearly budget, they expect to spend $450,000 on food expenses, $350,000 on housing expenses, $280,000 on staff salaries, $90,000 on utilities, and $118,000 on other expenses. how much will city mission need to raise in donations?
a.more than $1,562,000

b.less than $1,225,000

c.at least $1,253,000

d.at least $1,288,000
Business
1 answer:
alekssr [168]3 years ago
4 0
Adding all the expenses together ie $450,000+$350,000+$280,000+$90,000+$118,000=$1,288,000 total expenses that they will need to raise (at least) in donations. This is a large sum of money to raise only from donations and by rights a level or various levels of government should help pay for these expenses as no one should go homeless either that or provide low cost homes for the homeless.
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MOSS COMPANY Selected Balance Sheet Information December 31, 2018 and 2017 2018 2017 Current assets Cash $ 90,650 $ 32,800 Accou
Andru [333]

Answer:

 $65,250

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $5,000

Adjustment made:

Add : Depreciation expense $48,000

Add: Decrease in accounts receivable $13,000 ($31,000 - $44,000)

Less: Increase in inventory -$10,700 ($66,000 - $55,300)

Add: Increase in accounts payable $10,700 ($42,400 - $31,700)

Less: Decrease in income tax payable-$750  ($2,650 - $3,400)

Total of Adjustments $60,250

Net Cash flow from Operating activities                       $65,250

8 0
3 years ago
On January 1, 2019, Shay Company issues $400,000 of 10%, 12-year bonds. The bonds sell for $391,000. Six years later, on January
noname [10]

Answer:

$9,000

Explanation:

The computation of the  amount of the discount on the bonds at issuance is shown below:

= Par value of the bond - issued price of the bond

= $400,000 - $391,000

= $9,000

By deducting the issued price of the bond from the par value of the bond we can get the discount amount on issuance of the bond and the same is applied above

4 0
3 years ago
Tactical plans specify how a company will use resources, budgets, and people to accomplish specific goals within its mission
Neporo4naja [7]

Answer:

A. True

Explanation:

Tactical planning outlines the short-term steps and actions that should be taken to achieve the goals described in the strategic plan.

8 0
2 years ago
Your broker requires an initial margin of $878 per futures contract on wheat and a maintenance margin of $650 per contract. Whea
Shkiper50 [21]

Answer:

b. Call for $1,500

Explanation:

According to the scenario, computation of the given data are as follow:-

We can calculate the amount of margin call by using following formula:-

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= 5,000 cents × 6 × (390 cents  - 385 cents)

= 5,000 cents × 6 × 5 cents

= 150,000 cents

And we know that

100 cents = 1 dollar

so,

150,000 cents ÷ 100 =$1,500

Initial margin $878 per future contract and maintenance margin $650 per contract, Margins of both are less than loss .So we have to pay $1,500 in initial margin.

According to the analysis, we will receive $1,500 margin call.

Therefore option (B) call for $1,500 is correct.  

8 0
2 years ago
Having recently found sources of oil on their own land, the newly established nation of Brotherton enacted a tariff on imported
Sunny_sXe [5.5K]

Answer:

revenue tariff

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A revenue tariff is a tax levied on imported goods or services whose main purpose is to increase government revenue. It differs from other types of tariffs whose goal is to protect domestic products. E.g. a flat tariff levied on all types of imported goods.

8 0
2 years ago
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