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Eddi Din [679]
3 years ago
6

The Turtle Society, a nongovernmental not-for-profit entity (NFP), receives numerous contributed hours from volunteers during it

s busy season. Chris, a clerk at the local tax collector’s office, volunteered 10 hours per week for 24 weeks transferring turtle food from the port to the turtle shelter. His rate of pay at the tax office is $10 per hour, and the prevailing wage rate for laborers is $6.50 per hour. What amount of contribution revenue should Turtle Society record for this service?
A. $1,560
B. $0
C. $2,400
D. $840
Business
1 answer:
tia_tia [17]3 years ago
6 0

Answer:

B) $0

Explanation:

The IRS doesn't allow not-for-profit organizations to record any revenue from volunteer service, the same happens with individuals, since it doesn't allow them to deduct monetary value for their volunteer service.

The organizations can record certain expenses related to the volunteer work, e.g. travel expenses, food, etc.

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Match the following statements to the appropriate terms.
steposvetlana [31]

Answer:

Production Cost Report;Cost Reconciliation schedule,Equivalent units of Production;Unit Production Costs;Physical Units

Explanation:

Production Cost Report:A summary of both production quantity and cost data for a production department.

Cost Reconciliation schedule:Shows that the total costs accounted for equal the total costs to be accounted for.

Equivalent units of Production:Work done during a period expressed in fully completed units.

Unit Production Costs: Costs expressed in terms of equivalent units of production.

Physical Units:Actual units to be accounted for during a period, irrespective of any work performed.

Total Units Accounted for:Units transferred out during the period plus units in ending work in process.

Total manufacturing cost per unit:Unit materials costs plus unit conversion costs.

Units Transferred out:Total units accounted for minus units in ending work in process.

7 0
3 years ago
Jason is shopping at Hollister. Hollister has a sale: spend $100 saves 10%. If Jason buys clothes that costs $100, how much will
densk [106]

Answer:

$90

Explanation:

Hollister has an offer of 10%  savings for every purchase.

Jason buys clothes for $100. His savings will be 10% of $100

=10/100 x100

=0.1 x 100

=$10

Jason will pay

=$100 - $10

=$90

Jason will pay $90

8 0
3 years ago
With ____, a company deliberately sets a low price with the express idea of driving its competition out of business.
Sveta_85 [38]

With <u>predatory pricing</u>, a company deliberately sets a low price with the express idea of driving its competition out of business.

Predatory pricing is a pricing strategy, the usage of the method of undercutting on a bigger scale, wherein a dominant firm in an enterprise will intentionally reduce the fees of a service or product to loss-making stages within a short-time period.

Predatory pricing is the lowering of charges by a corporation specifically to put rival companies out of business. with the aid of doing away with the opposition, the enterprise edges closer to turning into a monopoly, a privileged position of marketplace dominance that might allow it to fix prices and stay away from the natural laws of supply and demand.

In a short time period, predatory pricing creates a buyer's marketplace, in which customers are able to “shop around” and generally attain goods at a decreased price. For agencies, profitability declines as competitors actively try and undercut every other's costs and divert visitors to their personal business.

Learn more about Predatory pricing here brainly.com/question/12751629

#SPJ4

6 0
1 year ago
Popular magazines and internet sources often use _____ to display information, which tends to confuse rather than clarify inform
zhuklara [117]
The appropriate response is pictorial graph. A pictograph utilizes picture images to pass on the importance of measurable data. Pictographs ought to be utilized painstakingly on the grounds that the diagrams may, either incidentally or intentionally, distort the information. This is the reason a diagram ought to be outwardly precise.
5 0
3 years ago
Insurance can help you:
Gwar [14]
The answer would be B
7 0
3 years ago
Read 2 more answers
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