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Ahat [919]
3 years ago
14

In the past giving money to charity was the norm, but that is changing. how?​

Business
1 answer:
alina1380 [7]3 years ago
4 0

Answer:

i know every one is spending money on apperence

Explanation:

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Answer:

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5 0
2 years ago
A not-for-profit organization was the recipient of a significant fixed asset donation. The assets, a building valued at $82,000,
EastWind [94]

Answer:$292

Explanation:

Since the asset is a gift that has an organised market where the prevailing market price can be determined it should be valued at the prevailing market price . This represents the fair value of the asset and it represents the most equitable price.

3 0
3 years ago
Which company ethics safeguard is commonly implemented as an employee “helpline”?
MakcuM [25]
Companies have helplines to have an anonymous way for employees to express their ethical issues they notice. By having this helpline, information that needs to be expressed is able to be and no one has to feel unsafe about doing so because it is anonymous. This reporting mechanism is used within many large corporations. 
5 0
3 years ago
The financial statements of Hainz Company appear below:
Iteru [2.4K]

Answer:

(1) 2.33 (2)11.42857 times (3) 31.9375 days (4) 3.846154 times (5) 87.6 days (6) 6.00 times (7) 15.75% (8) 1 times (9) 0.35 (10) 14%

Explanation:

Solution

(1) Current ratio:

Current Ratio = Current Asset / Current Liability = =140000/60000 = 2.33

(2) The return of common equity of stockholders:

Accounts receivable turnover ratio = the net credit sales/ average accounts receivable = $400000/$35000      

11.42857 times

(3) Accounts collection period = 365/Accounts receivable turnover ratio   =365/11.42857    

31.9375 days

(4) Test acid ratio:

The Inventory Ratio Turnover  = Cost of Goods Sold/Average Inventory  

= $2,50,000/$65000      

3.846154 times

(5)  Average day to sell inventory = Inventory/Cost of Sales *365    

=60000/250000*365    

87.6 days

(6) The interest earned times:

Times Interest Earned = (Income before taxes and interest)/interest expense  

= ($90000+18000)/18000    

= 6.00 times

(7)The   Profit Margin = Net Income / Sales      

= 63000/400000      

=15.75%

(8) The asset Turnover = Sales or Revenues / Total Assets    

= $400000/400000 = 1 times

(9) Debt to asset ration = Total Liability / Total asset    

= $140000/$400000      

=0.35

(10)The return on asset ratio = Net Income/Average total asset    

= 63000/450000 =14%

Now,

The total current assets = total assets - Net property, plant, equipment = $400000-$260000 = $140000  

The Total current liabilities = [accounts payable + notes payable] $20000 + 40000 = $60000  

The Average Account Receivable = (Opening Debtors+Closing Debtors)/2 = ($30000+$40000)/2 = $35000

The Average Inventory = (Opening Inventory+Closing Inventory)/2 = ($70000+$60000)/2 = $65000  

Long-term debt + Equity = Total liabilities and equity – Total current liabilities = $275.00 – 65 = $201.00  

The Total liability = Accounts Payable+ Notes Payable+Bonds Payable = $20000+40000+80000 = 140000

The Average Total asset = (Total opening asset+ total closing asset)/2 = ($400000+$500000)/2 = $4,50,000

7 0
3 years ago
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