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3 years ago

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A nonprofit entity conducts a special fundraising campaign at the end of fiscal year 2018, and specifies that it will use the mo

ney for its 2019 general operations. It receives pledges totaling $200,000. Based on past experience, the entity expects to receive $150,000 in cash.

1 answer:

allochka39001 [22]3 years ago

8 0

Explanation:

I'll give you a real answer later just need some points for my test questions

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iragen [17]

Answer:

B. Is the process of allocating the cost of a plant asset to expense.

Explanation:

Depreciation is an expense indicating a reduction in the value of the capital assets due to tear and wear, obsolescence, consumption, time span, etc. It's listed on the income statement debit side. It is a non-cash item that has no effect on the cash balance.

Moreover, it is a process in which there is an allocation of the cost of fixed assets to the expense account over their estimated useful life

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3 years ago

Data from a small bookstore are shown in the accompanying table. a larger firm is considering acquiring the bookstore. an analys

sukhopar [10]

There is no data attached but<span> the question can be answered without it. The analyst's conclusion that they should hire more people to drive higher sales is not justified because the area of the bookstore is small and is constant. It is not practical to hire more people and let them all work in that little space. Another alternative maybe is to advertise their books online to attract more customers. </span>

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3 years ago

Why can a price discriminating monopolist be both more profitable and more efficient (i.e., produce greater net benefits for soc

STatiana [176]

Answer:

The Correct answer is "Because it supplies a higher quantity of output than a single price monopolist"

Explanation:

A cost segregating monopolist charges distinctive cost to various gathering of shoppers based on their capacity to pay, which empower it to create higher amount than a non-separating monopolist. Since it supplies a higher amount of yield than a solitary value monopolist.

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3 years ago

Read 2 more answers

Snap Dragon Photo reported the following figures on its December 31, 2016, income statement and balance sheet:Net Sales $440,000

siniylev [52]

Answer:

Assets turnover ratio= 1.64 times

Explanation:

The asset turnover is the he amount of sales generated by one dollar invested in asset. it measures how efficient the business is in generating sales using assets

Assets turnover ratio = net sales / Average assets

<em>Asset at the beginning of year 2016</em>

=26,000 + 56,000 + 79,000 + 8,000 + 180,000 = 349 ,000

<em>Asset at the end of year 2016</em>

$28,000 + 58,000 + 76,000 + 14,000 + 11,000= 187 ,000

Average assets = Opening value of asset+ closing value of assets/2

= 349 ,000 + 187 ,000= 268 ,000

Assets turnover ratio = net sales / Average assets

=440000/268,000= 1.64 times

Assets turnover ratio= 1.64 times

Total assets =

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3 years ago

A change in depreciation method is accounted for:Select one:a. Retrospectively.b. Prospectively, like changes in accounting esti

arlik [135]

Answer: :a. Retrospectively

Explanation:

A change in depreciation method is a change in accounting policy and as such it would need to be accounted for retrospectively.

This means that it must be accounted for by going back to all periods where the change affects an entry and adjusting that entry for the change so that the accounting can be more accurate.

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3 years ago