Answer:
Nonprofit organisation
Explanation:
A nonprofit organisation is also known as nonbusiness entity is dedicated to promoting a social cause by taking surplus in the society to further a particular objective. Nonprofit organisations are usually exempt from tax for the contributions they receive.
There are not accountable to shareholders but rather to donors, volunteers, program recipients, and the community at large.
Answer:Amount of supplies used =$400
Explanation:
Beginning balance of supplies $200
Supplies purchased $500
Ending supplies balance on hand $300
Amount of supplies used = Beginning balance of supplies + Supplies purchased - Ending supplies balance on hand
= $200 +$500 - $300
= $400 is amount of the adjusting entry to record the amount of supplies used in Anderson Corp.
Answer:
b. Common-size income statement
Explanation:
The common-size income statement refers to the income statement which show the each item of the income statement with respect to the percentage of sales revenue.
It helps to analyze the company overall productivity, financial position, performance of the company that helps the company to compare with its competitors.
Answer:
c) $110,000
Explanation:
The computation of the borrowing amount is shown below:
= Value of home × given percentage - current mortgage amount
= $200,000 × 80% - $50,000
= $160,000 - $50,000
= $110,000
For computing the accurate value, we have to deduct the current mortgage amount from the net value of home.
Since only 80% is related to the home value so we take only 80% and rest 20% would be ignored.
Answer:
C and D
Explanation:
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