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Alecsey [184]
2 years ago
6

Financial reporting by not-for-profit, nongovernmental entities should provide information useful in: a) Assessing management st

ewardship and performance.b) Assessing services and the ability to continue to providing services. c) Making resource allocation decisions. d) All of the answers are correct.
Business
2 answers:
solniwko [45]2 years ago
7 0

Answer:

D. All of the answers are correct

Explanation:

Non governmental not for profit organizations are those organizations that are not primarily driven by profit but rather primarily set up towards addressing welfare issues of the society. In financial reporting for a non-governmental not for profit organizations, information should be provided on assessing economic resources, management stewardship and performance, obligations, net resources, and changes in them as well as making decisions on allocation of resources.

kari74 [83]2 years ago
4 0

Answer:

D. All of the above

Explanation:

Financial reporting by not-for-profit, nongovernmental entities should provide information useful in Assessing management stewardship and performance, Assessing services and the ability to continue to providing services, Making resource allocation decisions.

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Remo Company and Angelo Inc. are separate companies that operate in the same industry. Following are variable costing income sta
lesya [120]

Answer:

<u>Break-even Sales:</u>

      Remo Company                $128,346.17

      Angelo Inc.                        $201,649.86.

Explanation:

Break-even Sales is the dollar amount of revenue at which there will be neither Profit nor Loss. In other words, it a Point at which Contribution Margin is equal to Fixed Costs. The Formula to Calculate Break-even Sales is:

                         Fixed Cost / Contribution Margin Ratio

where

Contribution Margin Ratio is Sales less Variable Expenses, and expressed as a percentage of Sales.

Remo Company

Contribution Margin Ratio = 75,000 / 275,000 = 27.27%

Break-even Sales = 35,000 / .2727 = $128,346.17

Angelo Inc.

Contribution Margin Ratio = 150,000 / 275,000 = 54.55%

Break-even Sales = 110,000 / .5455 = $201,649.86.

3 0
2 years ago
Which of the following statements is correct? ACars typically lose the most value in the first year after purchase. BHouses will
VashaNatasha [74]

I believe the answer is: A. Cars typically lose the most value in the first year after purchase

As the miles usage in cars increase, the quality of the machine tend to deteriorate, which would lead to the decrease in the cars' value. On top of that, the new model that given by car companies tend to possess better technology/design. On average, cars tend to lose 15 - 25 % in value during the first year.

7 0
3 years ago
Read 2 more answers
Naomi plans on saving $3,000 a year and expects to earn an annual rate of 10.25 percent. How much will she have in her account a
Gre4nikov [31]

D. $2,333,572

To find the future value of annuity ordinary the formula is

Fv=pmt [(1+r)^(n)-1)÷r]

Fv future value?

PMT payment per year 3000

R interest rate 0.1025

N time 45 years

So

Fv=3,000×(((1+0.1025)^(45)−1) ÷(0.1025))=

<h2><u>$2,333,571.66 </u></h2>

Good luck!

7 0
3 years ago
Chicago​ Steel's operating activities for the year are listed below.Beginning inventory​ $1,000,000Ending inventory​ $350,200Pur
OlgaM077 [116]

Answer:

Gross Profit         100700

Explanation:

Beggining Inventory  1000000

Purchases                  750400

Inventory comsuption             x

Ending Inventory          350200

 

Ending I=begginin Inv+Purchases-comsuption  

Comsuption= 1400200  

 

Sales revenue 1500900  

Cost               1400200  

Gross Profit         100700  

3 0
3 years ago
A local liquor store posts the checks of customers that are returned from the bank. The store manager says the public display of
SVETLANKA909090 [29]

Answer:

Option A; AN INVASION OF PRIVACY.

Explanation:

Invasion of privacy is the unjustifiable intrusion into the personal life of another without consent. It is used to describe a circumstance where an individual or organization knowingly intrudes upon a person.

An invasion of privacy is considered to be a tort.

The four most common types of invasion of privacy torts are:

Appropriation of Name or Likeness

Intrusion Upon Seclusion

False Light

Public Disclosure of Private Facts

The display of the checks of customers is a public disclosure of private fact of the customers, therefore, it is AN INVASION OF PRIVACY.

5 0
2 years ago
Read 2 more answers
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