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koban [17]
3 years ago
6

Organizations that are formed to offer services to clients and not make a profit are ____, whereas, ________ are those organizat

ions that are formed to make money, or profits, by offering products or services.
A. for-profit organizations; nonprofit organizations
B. nonprofit organizations; for-profit organizations
C. nonprofit organizations; associations
D. unions; associations
E. co-ops; for-profit organizations
Business
1 answer:
forsale [732]3 years ago
3 0

Answer: Option (B)

Explanation:

A nonprofit organization is referred to as or known as a business organization which has been granted the tax-exempt by IRS since its is associated with a social cause and also tends to provide a public benefit. Donations which are made to the nonprofit organization are usually tax-deductible to the individual and organization that tends to make them. Also nonprofit organization does not pays any tax on the donations received.

For-profit corporation is referred to as or known as an organization that tends to aims at earning profit via its operations and thus is mostly concerned or inclined toward it's own interests.

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Net income for the year was $29,500. Accounts receivable increased $2,500, and accounts payable increased $5,400. There were no
mylen [45]

Answer:

True

Explanation:

The net cash flow for the year can be calculated using the following equation:

net cash flow = net income + accounts payable - accounts receivable

net cash flow = $29,500 + $5,400 - $2,500 = $32,400

We have to subtract accounts payable since they were included in the net income but the cash has not been received yet.  

4 0
3 years ago
In pursing its own interest, an oligopoly firm will decide to increase production by 1 unit as long as
tamaranim1 [39]

In pursing its own interest, an oligopoly firm will decide to increase production by 1 unit as long as the output effect is larger than the price effect. An oligopoly happens when there is limited competition because there are only a small number of producers or sellers in the market. Due to limited competition there is no need for most of these businesses to produce more unless the output is going to produce more and become sustainable for their consumers demand.

7 0
3 years ago
A hotel that includes amenities like breakfast is an example of _____.
boyakko [2]
Two-diamond accommodations
3 0
3 years ago
Computing and analyzing acid-test and current ratios
uysha [10]

Answer:

Current ratio- 2.03  2.33  1.73 and Acid-test ratio- 0.98  0.43  0.60              

Explanation:

Attach is the table of given cases

Acid test ratio= \frac{cash+Short\ term\ investments+ Current\ receivables }{Current\ liabilities}

Now, solving for acid test ratio.

<u>Case x</u>

⇒ Acid test ratio= \frac{1800+0+150}{2000}

⇒ Acid test ratio= \frac{1950}{2000}

∴ Acid test ratio= 0.975 \approx 0.98

<u>Case y</u>

⇒ Acid test ratio= \frac{120+0+400}{1210}

⇒ Acid test ratio= \frac{520}{1210}

∴ Acid test ratio= 0.429 \approx 0.43<u></u>

<u>Case Z</u>

⇒ Acid test ratio= \frac{1000+400+400}{3000}

⇒ Acid test ratio= \frac{1800}{3000}

∴ Acid test ratio= 0.60

Next solving for current ratio.

We know, current ratio= \frac{Current\ assets}{Current\ liability}

<u>Case x</u>

⇒ current ratio= \frac{4050}{2000}

∴ current ratio= 2.025 \approx 2.03

<u>Case y</u>

⇒ current ratio= \frac{2820}{1210}

∴ current ratio= 2.33

<u>Case Z</u>

⇒ current ratio= \frac{5200}{3000}

∴ current ratio= 1.73

Hence, Current ratio- 2.03  2.33  1.73 and Acid-test ratio- 0.98  0.43  0.60              

7 0
3 years ago
Ecyzey541 Corporation manufactures and sells 16,200 units of Product Beautiful each month. The selling price of Product Beautifu
Murrr4er [49]

Answer:

Effect on income= $57,200 decrease

Explanation:

Giving the following information:

Units sold= 16,200

Unitary contribution margin= (32 - 26)= $6

Avoidable fixed costs= $40,000

<u>To calculate the total financial effect on income each month, we need to use the following formula:</u>

Effect on income= avoidable fixed costs - total contribution margin

Effect on income= 40,000 - (16,200*6)

Effect on income= -$57,200

6 0
2 years ago
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