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3 years ago

One way in which philanthropy can be made strategic is to

Business

1 answer:

Sever21 [200]3 years ago

5 0

Answer:

d. Eliminate contributions to inefficient non-profit organizations

Explanation:

Other listed options are valuable to the question on strategic philanthropy except that on the need to eliminate contributions to inefficient non-profit organizations. No philanthropist would want to offer support to non-profit organizations that are unproductive and inefficient.

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You are going into business with 4 equal partners (not counting yourself). If in 6 years, the business is making a profit of $1,

GarryVolchara [31]

I think ty best answer would be b.

3 0

4 years ago

Identifying the Appropriate GAAP. (LO15-1, LO15-3) Section A lists a number of reporting requirements for colleges and universit

Serggg [28]

Answer: Please refer to Explanation.

Explanation:

The Government Accounting Standards Board (GASB) is an NGO that oversees the formulation of the Generally Accepted Accounting Principles (GAAP).

The Financial Accounting Standards Board (FASB) does the same as well and is also an NGO.

The difference between the above 2 is that the whilst the GASB caters for Government organisations, the FASB caters for private Organizations.

Classifying the above we have,

1. Patents are classified as capital assets. GASB STANDARD.

2. Sidewalks are classified as land improvements. FASB STANDARD

3. Revenues and expenses must be categorized as operating and nonoperating. GASB STANDARD.

4. Tuition and fees must be shown net of any estimated uncollectible amounts. Both a GASB and an FASB STANDARD.

5. Expenses must be reported by program and support (management and general, and fund-raising) function classifications. FASB STANDARD.

6. Statement of cash flows must be prepared using the direct method. GASB STANDARD.

7. The purchase of a building is reported as an investing activity on the statement of cash flows. FASB STANDARD.

8. The receipt of student deposits for housing is reported as a liability, Deposits Held in Custody for Others. Both GASB and an FASB STANDARD.

9. The cash from a debt issuance is reported in the capital and related financing activities section on the statement of cash flows. GASB STANDARD.

10. The collection of historical first editions can be reported as a note rather than on the face of the financial statement provided certain conditions are met. Both a GASB and an FASB STANDARD.

7 0

3 years ago

CrayFry offers a discount on an extended warranty on its CrayFrier when the warranty is purchased at the time the fryer is purch

Aleks [24]

Answer:

The answer is: C)$3,000

Explanation:

The standalone selling price is the price at which the company would sell warranty separately to its customer. In this case we need to find the stand alone price of the discount option.

We first find the difference between regular price and the discount option:

$25 - $20 = $5

Then we multiply by the possibility of the discount sale happening (60%) and the total number of goods sold with the discount option.

= $5 x 60% x 1,000 fryers

= $3,000

6 0

4 years ago

Classify the following cash flows as either operating, investing, or financing activities assume indirect method.1. Received cas

liq [111]

Answer and Explanation:

The classification is as follows

1. Investing activities : Since there is cash received from the sale of equipment so the same is to be shown in the investing activities in a positive amount

2. Investing activities : Since there is cash paid for buy the long term investment so the same is to be shown in the investing activities in a negative amount

3. Financing activities : Since the cash is received so the same is to be shown in the financing activities in a positive amount

4. Financing activities : Since the issuance of preferred stock is there so the same is to be shown in the financing activities in a positive amount

5. Financing activities : Since the cash is paid so the same is to be shown in the financing activities in a negative amount

6. Operating activities : Since the cash is received so the same is to be shown in the operating activities in the direct method as a positive amount

7. Operating activities : Since the inventories are purchased so the same is to be shown in the operating activities in the direct method as a negative amount

8. Operating activities : Since the cash is paid so the same is to be shown in the operating activities in the direct method as a negative amount

9. Operating activities : Since the cash is paid so the same is to be shown in the operating activities in the direct method as a negative amount

10. Investing activities : Since the investment is sold so the same is to be shown in the investing activities in a positive amount

4 0

3 years ago

A truck costing $12,100, which has Accumulated Depreciation of $9,010, was sold for $2,010 cash. The entry to record this event

blagie [28]

Answer:

Loss of $1,080

Explanation:

The correct journal entries would be:

Dr Accumulated Depreciation 9,010

Dr Cash 2,010

Dr Loss on sale 1,080

Cr Truck (Asset) 12,100

Thus, the correct answer is a loss of $1,080

3 0

3 years ago