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ozzi
3 years ago
13

True Help is a nonprofit organization that works toward rehabilitating the homeless. The credo of the organization is "help us h

elp you." For an organization like True Help, which of the following statements would make an appropriate mission?
A. Help us help you find a home.

B. One day, everyone in this nation will have a home to protect themselves.

C. We help the homeless gain and sustain financial independence by providing employment opportunities.

D. Our mission is to turn this not-for-profit organization into a for-profit organization so that the stakeholders are benefited.
Business
1 answer:
maw [93]3 years ago
7 0

Answer: C

Explanation:

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All of the following are tests for determining qualifying child status except the ______.A. gross income testB. age testC. suppo
Viktor [21]

Answer:

a. gross income test

Explanation:

because quailfying children must pass the relationship, age support, residence tests.However,there is no requirement relating to gross income for purposes of the qualifying child test.

4 0
3 years ago
Identify the accounting concept relevant to each situation below:
leonid [27]

Answer:

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8 0
2 years ago
Collins Company borrowed $1,250,000 from BankTwo on January 1, 2016 in order to expand its mining capabilities. The five-year no
hoa [83]

Answer:

Collins Company must recognize $118,750 (which is annual interest paid on the capital) in its 2017 income statement as an expense item if the method of computing the interest is the flat rate method.

If it is reducing balance rate, then the amount deducted will equal $ 87,823

Explanation:

According to the principles of Financial Accounting, the interest portion of any loan must be entered as an expense item. The portion of the principal being paid back is recorded as part of the liability of the company in the period under consideration. It often goes by the term Loan Payable or Notes Payable.

Hence to arrive at the answers given above, you must note that the year in question is 2017 and that the loan took effect from January 2016.

When computing for interest payable, two methods may be used:

  1. Flat rate method: which requires that the interest rate applicable is computed on the capital and multiplied by the number of years the loan will run.

That is, $1,250,000 x 9.5% x 5 = Total Interest Rate Applicable.

= $593,750 so going by this method, the interest rate to be entered is

= $593, 750/5

= $118,750

   2. Reducing balance rate method: This requires the rate of interest to be applied each year succesievely having taken into account the capital which way paid in the previous year.

That is, [Initial Capital-Annual Payments] *9.5%

For year 2016, annual payment will be Zero. Given that the loan started in that year. In 2017 however, the annual payment will apply as shown below:

= [$1,250,000-$325,545] *9.5%

= $924, 455 * 9.5%

= $87,823 (approximately)

Cheers!

5 0
3 years ago
A news article details the destruction of a recent earthquake. Which of the following are readers of the article likely to do as
elena55 [62]

A news article details the destruction of a recent earthquake. Readers of the article likely to do as result are Overestimate their risk of earthquakes. Thus option A is correct.

<h3>What is Earthquake?</h3>

Earthquakes is referring to a kind of natural disaters which occurs due to the movement of tectonic plates. when these tectonic plates move and collapse with one another results in an earthquake.

When a news article shows destruction related to earthquakes people will most likely analyze their risk from earthquakes and evaluate whether they are safe from them or not.

Therefore, option A is appropriate.

Learn more about Earthquakes, here:

brainly.com/question/1296104

#SPJ1

7 0
2 years ago
What is the npv of the following cash flows if the required rate of return is 0.14? year 0 1 2 3 4 cf -4,506 3,099 531 3,560 2,7
aksik [14]

-$177.62, CF0 = -28900, CO1 = 12,450 FO1 = 1, CO2 = 19,630 FO2 = 1, CO3 = 2,750 FO3 = 1I = 12, CPT NPV = -177.62

In practical terms, it is a method of calculating your return on investment, or ROI, for a project or expenditure. Net present value may be a tool of Capital budgeting to research the profitability of a project or investment.

it's calculated by taking the difference between the current value of money inflows and present value of money outflows over a period of your time. Put differently, it's the compound annual return an investor expects to earn (or actually earned) over the lifetime of an investment.

for instance, if a security offers a series of money flows with an NPV of $50,000 and an investor pays exactly $50,000 for it, then the investor's NPV is $0. Net present value uses discounted cash flows within the analysis, which makes the web present value more precise than of any of the capital budgeting methods because it considers both the danger and time variables.

A higher NPV doesn't necessarily mean a far better investment. If there are two investments or projects up for decision, and one project is larger in scale, the NPV are higher for that project as NPV is reported in dollars and a bigger outlay will lead to a bigger number. Net present value (NPV) is that the difference between this value of money inflows and also the present value of money outflows over a period of your time.

learn more about NPV: brainly.com/question/18848923    

#SPJ4

6 0
2 years ago
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