Answer and Explanation:
The external reporting of GAAP-based budget summaries for a non-benefit hospital will vary to a profit hospital in the accompanying ways:
- For profit's hospital money related reports starts heading as "letter" from the entrepreneur or the CEO. The focal point of this letter is on the earlier year tending to any trouble the organization has survived. Though, non-benefit yearly reports report out the association's motivation and measurements about what number of individuals have profited by the examination, projects and administrations.
- The yearly report of revenue driven associations regularly delineates how well they deal with their cash, to dazzle the potential speculators. Though, non-benefit associations simply center around how they go out dealing with the things will pretty much nothing or less assets close by, and the financing they put into their projects and administrations to help improve the network and offer help for those out of luck.
- For profit associations wind up revealing their future field-tested strategies, for example, new item or administration propelling, which would make higher income and benefits for the organization in future. Not-for-profit associations, will some way or another state what administrations or projects have been the best and how they plan on building up these to serve more individuals on a bigger scale.
Answer:
2018: 8 months
Depreciation= $916,67
2019: full year
Depreciation= $1375
Explanation:
Giving the following information:
Taco Hut purchased equipment on May 1, 2018.
Price: $15,000.
Residual value: $4,000
Useful life: 8 year
We need to calculate the depreciation for 2018 and 2019 using straight-line method:
Depreciation= (purchase price- residual value)/useful life
Depreciation= (15000-4000)/8= $1375
2018: 8 months
Depreciation=(1375/12)*8= 916,67
2019: full year
Depreciation= $1375
Answer:
Rationalization
Explanation:
The Fraud Triangle has three legs:
- opportunity: what circumstances were needed or allowed for the fraud to occur? Weak internal controls, inadequate accounting policies, etc.
- incentive or pressure: what made the employee think about committing fraud? Financial expectations, bonuses based of performance, etc.
- rationalization: How does the employee justify to himself/herself committing fraud? My boss or colleagues treat me wrong, everyone else does it, it is the only solution for my problem, etc.
Answer:
A safety protection clause in a listing agreement entitles the real estate broker or agent to a commission after the listing expires or is canceled. This applies when the final buyer was brought to the deal by the broker.
Answer:
$7,692.31
Explanation:
Given;
Cost of non-residential real property = $300,000
Purchased in March 2018.
Useful life of non-residential real property = 39 years
Annual Depreciation = cost/useful life
= $300,000/ 39
= $7,692.31
Stanley's 2019 depreciation on the property amounts to $7,692.31.
