Answer:
The correct answer is letter "A": The internal control structure.
Explanation:
The internal control structure of a company encompasses the firm's organizational objectives in regards to ensuring policies and federal laws, accurate operating information and accounting records, protecting the company's from threats, and measuring employees' performance to help them improve their efficiency.
The net asset would be $81,000 or $0 depending upon the policy of the Non-Profit Organization.
<h3><u>
What is a Non-Profit Organization?</u></h3>
- A non-profit organization is a group that was established with the intention of making a profit, and in which no part of the organization's revenue is given to its directors, officials, or members.
- "Non-stock corporations" are a common moniker for nonprofit organizations.
- They may be organized as a corporation, a sole proprietorship, an unincorporated association, a partnership, a foundation, a condominium, or another type of individual enterprise (for instance, individual charitable contributions) (joint ownership of common areas by owners of adjacent individual units incorporated under state condominium acts).
- When they are established, nonprofit organizations must declare themselves to be so and are only allowed to work on projects that fall under their legal definition.
The value of the equipment given by the donor = $90,000
The charge of depreciation = $9,000.
The total assets of a business less the total liabilities equals the entity's net assets. The sum of a company's net assets equals its stockholders' equity in whole. Net assets are divided into unrestricted and restricted net assets of a nonprofit organization.
The net asset would be either $81,000 or $0.
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Answer: Option B
Explanation: In simple words, top down approach refers to the approach ion which the organisation break down its system to have better and clear understanding of the sub systems within.
This approach is used by organisations doing complex business activities or involving high technical skills. Hence this approach is used by firms like biomedical ,financial services and high technology companies etc.
Answer:
$14 million
Explanation:
Operating working capital = Operating current assets - Operating current liabilities
Operating working capital = $20 million - $6 million
Operating working capital = $14 million
The total net operating capital that XYZ, Inc. has is $14 million
Answer:
c. $23,160
Explanation:
Adjusted cash balance per books as at August 31
Cash balance per book $19,500
Add Notes receivable and interest collected by bank $4,800
($19,500+$4800) $24,300
Less:(Deposits in transit $900
-NSF check 1,020) ($120)
NSF check (1,020)
Cash balance per books $23,160
