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3 years ago

So can a for profit business give someone the title of Executive Director?

Business

1 answer:

valkas [14]3 years ago

8 0

Answer:

Yes.

Explanation:

The executive director and chief executive officer (CEO) are leadership titles in organizations. The term executive director is more frequently used in nonprofit entities, whereas the CEO is used with for-profit entities and some large nonprofits.

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As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $940,000 and liabilities of $300

Anvisha [2.4K]

Answer:

Th answer is: net income for year 2 is $45,000

Explanation:

We must first determine the equity for both years (equity= assets - liabilities)

Equity year 1 = $940,000 - $300,000 = $640,000
Equity year 2 = $995,000 - $270,000 = $725,000

Then we calculate the change in equity:

change in equity = $725,000 - $640,000 = $85,000

Finally to determine the net income or year 2 we use the following formula:

Net income (Y2)= change in equity - additional investments + dividends paid

net income (Y2) = $85,000 -$73,000 + $33,000 = $45,000

4 0

3 years ago

SSSSS [86.1K]

Answer:

the spending variance is $6,904 favorable

Explanation:

The computation of the spending variance is as follows;

Budgeted Expense is

= 1,230 cars × $4.80 per car + $26,000

= $5,904 + $26,000

= $31,904

And, the actual expense is $25,000

Therefore, the spending variance is

= $31,904 - $25,00

= $6,904

Therefore, the spending variance is $6,904 favorable

5 0

3 years ago

Nathan owns a termite inspection service, so he falls under the animal systems pathway in agricultural, food, and natural resour

valkas [14]

It would be false, because they don’t go into the same category

7 0

3 years ago

When calculating the maximum home price using either the front ratio or the back ratio, one result is the maximum monthly paymen

Oksanka [162]

Answer:A. Principal, interest, and escrow for taxes and insurance

Explanation: Front-end ratio is a percentage of your total annual gross income which can be dedicated to the payment of your home loan monthly.

Back-end ratio is a term used to describe the total percentage of your annual gross income which you can put into the servising of your debts.

The maximum monthly payment which a household can sustain covers the PRINCIPAL, INTEREST, AND ESCROW FOR TAXES AND INSURANCE When calculating the maximum home price using either the front ratio or the back ratio.

7 0

3 years ago

Pharoah Company reported net income of $184,850 for 2017. Pharoah Company also reported depreciation expense of $33,700 and a lo

Dominik [7]

Answer:

$219,700

Explanation:

Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $184,850

Adjustment made:

Add : Depreciation expense $33,700

Add: Loss on the disposal of plant assets $4,690

Less: Increase in accounts receivable -$15,150

Add: Increase in accounts payable $15,640

Less: Increase in prepaid expenses -$4,030

Total of Adjustments $34,850

Net Cash flow from Operating activities $219,700

4 0

3 years ago