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Over [174]
3 years ago
11

Which of the following statements is FALSE? A. While many private not-for-profit organizations use funds for internal purposes,

the financial statements do not report separate funds B. Examples of voluntary health and welfare organizations would include the Girl Scouts and the American Heart Association C. The financial statements of private not-for-profits are intended primarily for those who have a residual claim to the net assets of the organization D. A Statement of Functional Expenses is required for voluntary health and welfare organizations E. Accounting practices of private sector not-for-profit organizations are influenced by two AICPA audit and accounting guides: Not-for-Profit Organizations and Health Care Organizations
Business
1 answer:
ivanzaharov [21]3 years ago
4 0

Answer:

E is the correct answer

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Joe's company is looking to make a number of improvements. The firm would like to maximize potential volume and reserved instanc
scoray [572]

The service or tool that could be used for gaining the benefits should be AWS  Orgs.

The information related to AWS Orgs is as follows:

  • AWS Organization should be an account management service.
  • In this, there are multiple AWS accounts that should be consolidated for developing and managing.
  • As an organization administrator, the accounts should be developed and the existing accounts should be invited for joining the organization.

Therefore we can conclude that the service or tool that could be used for gaining the benefits should be AWS  Orgs.

Learn more about discounts here: brainly.com/question/3541148

3 0
3 years ago
Mannarelli Corporation uses the FIFO method in its process costing system. Operating data for the Casting Department for the mon
Serjik [45]

Answer:

$ 5.34

Explanation:

Calculation for cost per equivalent unit for conversion costs for September

First step is to find the Equivalent units of production

To complete beginning work-in-process:

Conversion 12,000

[15,000 units × (100%-20% )]

Units started and completed 65,000

(89,000-24,000)

Ending work-in-process

Conversion 21,600

(24,000 units × 90%)

Equivalent units of production 98,600

Second step is to calculate the Cost per equivalent unit using this formula

Cost per equivalent unit =Cost added during the period ÷Equivalent units of production

Let plug in the formula

Cost per equivalent unit = $526,524÷98,600

Cost per equivalent unit = $5.34

Therefore The cost per equivalent unit for conversion costs for September is closest to $ 5.34

7 0
3 years ago
An individual who works at a bookstore routinely takes home ballpoint pens and post-it notes, uses the copy machine to make pers
Papessa [141]

This attitude is called cash register honesty.

The book store worker knows very well that ball point pens, post-its, copies on the copier machine and long-distance phone calls are office resources and should, in principle, be used only for office purposes.

He is also aware that the he is responsible for his own needs - be it post-its or long-distance phone calls.

By taking some small supplies home or using the office equipment for personal use (e.g. making personal copies or making personal long-distance phone calls), he increases the cost to the company.

Yet, he continues to indulge in the activities described in the question, because he believes, at a personal level, that he can get away with it . (It's okay with him at a personal level.)

However, since stealing from the cash register is not ok with him on a personal level, he doesn't do it even though he knows he can get away with it. This attitude is called cash register honesty.

7 0
3 years ago
Using the interest formula, compute the interest and maturity values for each of the following notes: Principal Interest Term Ra
Ad libitum [116K]

Answer:

The answer is:

A: I=$76,67    MV=$4076,67

B: I=$293,75  MV=$10293,75

C: I=$138,125 MV=$6638,125

D: I=$36,75    MV=$936,75

Explanation:

Notes are often a key component of how a business finances its operations. For purposes of accounting, it's important to be able to calculate the maturity value of a note to know how much a business will have to pay or receive when the note comes due.

In general, notes are a form of short-term commercial financing. The maturity value is the amount of money that the company would receive when the note comes due.

When you know the principal amount, the rate, and the time, the amount of interest can be calculated by using the formula:

I = P*r*t

I= Total interest

P= principal

r= interest rate

t= time

To calculate the Maturity Value you need to sum the principal to the total interest accumulated over time.

Maturity Value= Principal + Interest

<u>In this exercise:</u>

<u>A:</u>

Principal: $4000    r=11,5%       t=60 days

I=4000*0,115*(60/360)= $76,67

Maturity Value= 4000 + 76,67= $4076,67

<u>B:</u>

Principal: $10,000          r=11.75%        t=90 days

I=10000*0,1175*(90/360)= $293,75

Maturity Value= 10000+ 293,75= $10293,75

<u>C:</u>

Principal= $6,500   r=12.75%          time=60 days

I=6500*0,1275*(60/360)= $138,125

Maturity Value= 6500+ 138,125= $6638,125

<u>D:</u>

Principal= $900     r= 12.25%     time=120 days

I=900*0,1225*(120/360)= $36,75

Maturity Value= 900+ 36,75= $936,75

4 0
3 years ago
A distribution center (DC) in Wisconsin stocks Sony plasma TV sets. The center receives its inventory from a mega warehouse in K
julsineya [31]

Answer: The order can be placed when the quantity is 1,350 units

Explanation:

Lead time = 5days

Reorder point = 300 set

Fixed order quantity = 250 sets

Current on hand inventory = 400 sets

To determine when to order using a Q system, we use the formula

Reorder level = maximum usage × maximum Lead time + Fixed order quantity

= ( 300 × 5) + 250

= 1,500 + 250

= 1,750

To determine when to order we subtract Reorder level from the current on hand inventory

= 1,750 - 400

= 1,350units

5 0
3 years ago
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