Answer: Salvation army
Explanation: Non profit organisations are those organisation, which perform their operation with the objective of social welfare or charity.
Salvation army is a charitable organisation having more than 1.7 million members all over the world, whom they refer to as soldiers. This organisation mainly serves to the poor and hungry.
Thus, we can conclude that the right option is D.
Answer:
3.4
Explanation:
Current assets = Cash + Short-term investments + Accounts receivable (net) + Inventory
= $220 + $550 + $800 + $1,150
= $2,720
Current ratio = Current assets / Current liabilities
Current ratio = $2,720 / $800
Current ratio = 3.4
Answer:
SO expected return on Mkt Portfolio Rm = 10.75%
Explanation:
market degree of risk aversion A = 3
Var = 0.0225 = SD^2
Rf = 4%
What is expected return on Mkt Portfolio ie Rm??
According to CAPM, Rm-Rf = A*SD^2
where SD is Std Dev (Recall SD^2 = Variance)
A is market degree of risk aversion
So we have Rm-4% = 3*0.0225
ie Rm = 4% + 3*0.0225 = 10.75%
SO expected return on Mkt Portfolio Rm = 10.75%
Answer:
$2,100
Explanation:
Particulars Fair market value Basis Differences
Inventory $60,000 $30,000 $30,000
Account receivables $40,000 $40,000 $0
Equipment $60,000 $80,000 <u> ($20,000)</u>
Taxable gain $10,000
Tax rate <u> 21% </u>
Built in gains tax <u>$2,100 </u>
So therefore, the built-in-gains tax that Clampett (Incorporated) will pay in 2021 is $2,100.
