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Tpy6a [65]
2 years ago
8

A donor gave $75,000 to a nongovernmental, not-for-profit charity with instructions that the funds be transferred to Sam Smith,

an individual who lost his home in a fire. The not-for-profit would:
Business
1 answer:
yulyashka [42]2 years ago
6 0

Answer:

B) Record the $75,000 cash and credit a liability

Explanation:

Possible options:

  • A) Record the $75,000 cash and credit temporarily restricted revenue.
  • B) Record the $75,000 cash and credit a liability
  • C) Do either (a) or (b), depending upon the policy of the not-for-profit
  • D) Not record the transaction.

Non-for-profit charities must record all cash donations, but since the funds were donated for an specific purpose, their use is restricted. Therefore, the charity must record a liability (which has a normal credit balance).

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Answer Quick plz<br><br><br>How would you write $25.08 properly on a check?
postnew [5]

Answer:

you should write it just like it says

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3 years ago
Tranquility Company manufactures ceiling fans and uses an activityminusbased costing system. Each ceiling fan has 20 separate pa
UkoKoshka [18]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Each ceiling fan has 20 separate parts.

The direct materials cost is $ 85

Each ceiling fan requires 3 hours of machine time to manufacture.

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Materials handling (Number of parts) - ​$0.04

Machining (Machine hours) -  $7.8

Assembling (Number of parts) -  $0.35

Packaging (Number of finished units) - $3

Total unitary cost= direct material + allocated overhead

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Total unitary cost= 85 + (0.04*20 + 7.8*3 + 0.35*20 + 3*1)= $119.2

6 0
3 years ago
You are considering the purchase of a hybrid Honda Civic. Assume that you drive 12,000 per year, and will keep the auto for 10 y
Norma-Jean [14]

Given these assumptions, you should not buy this hybrid.

<u>Explanation:</u>

The idea of the present value factor depends on the time estimation of cash - that is, cash gotten now is worth more than cash got later on, since cash got now can be reinvested in an elective speculation to procure extra money.

The PV of the savings funds is $2,070 which is not exactly the cost of difference. You need a more noteworthy reserve funds to financially legitimize the acquisition of this hybrid car (for example the NPV is negative).

4 0
3 years ago
In an hour, Henry can wash 20 windows or clean 2 bath tubs. In an hour, Rose can wash 30 windows or clean one bath tub. If their
marysya [2.9K]

If their father Dave allows them to trade chores to achieve gains from trade then "Henry will clean bath tubs; Rose will wash the windows".

<u>Option: C</u>

<u>Explanation:</u>

In this scenario Henry is washing 20 windows or 2 bath tabs in an hour, which showcase his average washing of 10 windows over 1 bath tab in half hour. While here Rose is washing 30 windows or 1 bath tab in an hour by giving average of 15 windows over half bath tab in half hour, which is less than Henry's average of washing.

Thus on considering the above average of work performed by Henry and Rose in equal amount of given time for work, Henry is more prominent to be specialized in cleaning bath tubs while Rose will more expert in washing windows because she is cleaning more windows than Henry in same on hour of time.

6 0
3 years ago
Suppose that the full employment level of nominal GDP rises in one year from ​$13.8 to ​$14.2 trillion. The​ long-run equilibriu
vovikov84 [41]

Answer: ​The answer is that, AD has shifted to exactly $0.35 trillion.

Explanation:

It should be noticed that, AD has been shifted to exactly ​$0.35 trillion (Rounded in two decimal places.​) when the the​ long-run aggregate supply curve shifted to the right from one year to the​ next.

6 0
3 years ago
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