All categories

3 years ago

Which of the following is an example of a non-profit organization?

Business

1 answer:

Anna007 [38]3 years ago

8 0

Answer: Salvation army

Explanation: Non profit organisations are those organisation, which perform their operation with the objective of social welfare or charity.

Salvation army is a charitable organisation having more than 1.7 million members all over the world, whom they refer to as soldiers. This organisation mainly serves to the poor and hungry.

Thus, we can conclude that the right option is D.

You might be interested in

In a free-market economy, a product which entails a positive externality will be: overproduced underproduced produced at the opt

OLga [1]

It would be under-produced.

3 0

3 years ago

Raising Bulls, Inc., has current assets of $5,100, net fixed assets of $23,800, current liabilities (payables and accruals) of $

Elenna [48]

Answer:

Total Shareholders’ Equity

Total Shareholders’ Equity = Total Assets − Total LiabilitiesTotal

Shareholders’ Equity = {(Current Assets + Net Fixed Assets) − (Current liabilities + Long term debt)}

Total Shareholders’ Equity = {($5,100 + $23,800) − ($4,300 + $7,400)}

Total Shareholders’ Equity = $28,900 − $11,700

Total Shareholders’ Equity = $17,200

Net-working capital?

Net-working Capital = Current assets - Current liabilities

Net-working Capital = Current assets - Current liabilities (payables and accruals)

Net-working Capital = $5,100 - $4,300

Net-working Capital = $800

If you find this helpful rate be brainliest please. Thanks.

8 0

4 years ago

In year 2, Sammi Corp. changes its inventory method from FIFO to the weighted-average method. Under the weighted-average method,

Dima020 [189]

Answer:

Two adjustments must be made to year 1's financial statements:

The income statement must be adjusted since net income increased because cost of goods sold decreased.
The balance sheet must be adjusted since retained earnings will increase because net income increased.

Explanation:

The retrospective approach hides any changes with the accounting methods, and shows the financial statements as if the new accounting method was used all along and there was no error or change.

6 0

3 years ago

10 points...........

dedylja [7]

Double entry, a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the accounting equation:

Assets
=
Liabilities
+
Equity

Assets=Liabilities+Equity

With a double entry system, credits are offset by debits in a general ledger or T-account.

So debit is the answer

7 0

3 years ago

Read 2 more answers

If title to merchandise purchases passes to the buyer when the goods are shipped from the seller, the terms are.

BigorU [14]

FOB shipping point

Explanation:

FOB affects the buyer's inventory cost adding liability for shipped goods increases inventory costs and reduce net income.

3 0

2 years ago