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2 years ago

The basis of accounting used by not-for-profit organizations in their external financial reports is

Business

1 answer:

beks73 [17]2 years ago

3 0

Answer:

The correct answer here is A) industry specific basis of accounting.

Explanation:

The term nonprofit accounting means a unique way of recording and reporting the business transactions which are taken up by the nonprofit organizations. There are various basis of accounting, which a non for profit organization can use like cash basis ( where income and expenses are recognized when they occurred , and this type of accounting is more suitable for smaller nonprofits organizations ) , accrual basis ( where income and expenses are recorded when they are earned not received ) , modified cash basis ( is a mixture of both cash and accrual basis of accounting ). But when a not for profit organization is preparing their external financial report, the basis of accounting would be industry specific.

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The company has 7 million shares of common stock outstanding. The current share price is $68, and the book value per share is $8

Juli2301 [7.4K]

I’m not sure about this question. Try doing an image search of searching key terms

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2 years ago

Based on the parkerian hexad, what principles are affected if we lose a shipment of encrypted backup tapes that contain personal

xeze [42]

Answer:

Possession or control

Explanation:

From the perspective of the Parkerian hexad, the affected principles if a shipment of encrypted backup tapes belonging to customers and having their personal and payment information are possession or control. This is considered a physical media disposition on which the information was stored. To effectively and accurately describe the incident scope, the principle of possession would help us do this.

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2 years ago

Pittsboro Corporation produces and sells a single product. Data for that product are: Sales price per unit $590 Variable cost p

Fofino [41]

Answer:

The company will need to sale 3,883 units to maintain its current operating income of 400,000

Explanation:

We will calculate the point at which the company mantains his current income in units at the new scenario:

$\frac{Fixed\:Cost + target \: income}{Contribution \:Margin} = Break\: Even\: Point_{units}$

<u>Where:</u>

$Sales \: Revenue - Variable \: Cost = Contribution \: Margin$

625 - 190 = 435 each units contributes this amount to afford the fixed cost and make a gain.

Current income: contribution x units sold - fixed cost

(590-190) x 4,000 - 1,200,000 = 400,000

(1,200,000 + 89,000 + 400,000) / 435 = 3,882.75862 = 3,883 units

The company will need to sale 3,883 units to maintain its current operating income of 400,000

5 0

2 years ago

You’ve recently learned that the company where you work is being sold for $300,000. The company’s income statement indicates cur

chubhunter [2.5K]

Answer:

Explanation:

Data provided in the question:

Present value of the company, PV = $300,000

Current Profits, π₀ = $11,000

Interest rate, i = 9% = 0.09

Now,

we know,

$PV = \pi_0(\frac{1+i}{1-g})$

here,

g is the growth rate

on rearranging, we get

g = $i - \frac{(1+i)\pi_0}{PV}$

on substituting the respective values, we get

g = $0.09 - \frac{(1+0.09)\times11,000}{300,000}$

g = 0.05

g = 0.05 × 100%

= 5%

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2 years ago

______ consists of a set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data

Mademuasel [1]

Answer:

The correct answer is option A.

Explanation:

Marketing research refers to the set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data that can aid decision-makers involved in marketing goods, services, or ideas.

It involves a number of steps such as defining the objectives and research needs, designing the research, collection of data.

Marketing research is helpful in making decisions related to marketing goods, services and ideas.

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3 years ago