Answer with Explanation:
The analysis includes the assessment of Non profit organization's efficiency both in fundraising and spending, economy of operations and the effectiveness of the operations. This can be explained with an example. For example if the non profit organization has an objective to increase the book reading habit because it believes that the people who read more are not violent personalities and in this way they can reduce the crime rate. So it has established number of libraries in different communities. Now we will look at at what cost it has acquired these libraries (Economy), how much people have visited these libraries (Efficiency) and whether the crime rate in the community has sufficiently fallen or not (Effectiveness). So this helps in understanding whether the objective was met or not.
However when we analyze the financial statement of profit making organizations then we use many profit and efficiency ratios to assess the performance of the organization. These ratios can also be helpful if the NGO is in business as well. But most of the NGOs rely on grants and these grants are subjective to their previous performance.
The NGOs are also required to publish reports according to the grant provider's enforced accounting principles, rules and guidelines. Just take the example of US-AID program that requires the Non profit organization to publish financial reports in specific format and enforces different Generally Acceptable Principles to be used in preparing these financial reports. So yes it is much more different in analyzing the financial statements of Non profit organization and profit making organization.
Answer:
Note: <em>The options attached belongs to another question, so the answer is not included</em>
Premium liability at December 31, 2020 = ((510,000*60%) - $130,000) / 8*3
Premium liability at December 31, 2020 = 176,000 / 24
Premium liability at December 31, 2020 = 7,333.33
Premium liability at December 31, 2021 = 7333.33 + ((600000*60%) - 150000) / 8*3
Premium liability at December 31, 2021 = 7333.33 + 360,000 - 150,000
Premium liability at December 31, 2021 = 217,333.33
Average Cost
Cost of average cost = cost of goods available for sale/ No. of units available for sale
114060/(400+300+460)
= $3.5
Cost of goods sold average cost =no. of units sold * average cost
= 860*3.5
= $3010
Ending inventory average cost =no. of units in ending inventory* average
(1160-860)*3.5
= $1050
FIFO
Cost of goods sold as per FIFO =no. of units sold * cost as per FIFO
(400*3)+(300*3.4)+(160*4)
= $2860.
The average cost is the unit cost of production obtained by dividing total cost (TC) by total production (Q). The unit cost of production means that all fixed and variable costs are considered when calculating the average cost. Hence, it is also called the total cost per unit.
Learn more about average Costs here brainly.com/question/27819027
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Explanation:
Analyzing the situation exposed in the question above, it is correct to state that the manager was malicious in assuming the credits for his subordinate's extra work and acted in an unethical manner.
These situations can happen due to the fact that many employees are afraid to confront their manager for bad behavior due to their hierarchical position and the fear of being warned or losing their jobs, so these situations can be common in companies.
The ideal in this situation would be an assertive reaction, using an ethical and professional approach to know the manager's motivation to act in that way.
It is also valid for other employees to know that their work is being carried out, so that this type of manager behavior is minimized, as there may be a fear of being exposed by the team.
The relationship between manager and subordinate must be based on trust and mutual respect, so that the work is carried out efficiently and each one can do their best to achieve the team's goals.
Answer:
$306
Explanation:
In order to calculate Alexandra's maximum depreciation without any election to expense or any bonus depreciation, we must calculate the depreciation expense per year:
$1,800 x 20% (accelerated depreciation assuming half year convention for personal property) = $360
now we must multiply by 85% (time she uses the computer for her accounting practice) = $360 x 85% = $306
When we assume half year convention, we are only depreciating the asset by half year regardless of when the asset was purchased. In this case, the MACRS table gives us the following values:
5 years half year convention:
Year 1 = 20%
Year 2 = 32%
Year 3 = 19.20%
Year 4 = 11.52%
Year 5 = 11.52%
Year 6 = 5.76% the remaining half year
