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Zina [86]
3 years ago
8

Describe the main differences for revenue spending between ""for profit"" companies and ""not for profit"" companies. Describe h

ow the main financial documents of Goodwill are similar to those companies that are ""for profit"". Describe how the main financial documents of Goodwill are difference to those companies that are ""for profit"".
Business
1 answer:
Ket [755]3 years ago
8 0

Answer with Explanation:

The analysis includes the assessment of Non profit organization's efficiency both in fundraising and spending, economy of operations and the effectiveness of the operations. This can be explained with an example. For example if the non profit organization has an objective to increase the book reading habit because it believes that the people who read more are not violent personalities and in this way they can reduce the crime rate. So it has established number of libraries in different communities. Now we will look at at what cost it has acquired these libraries (Economy), how much people have visited these libraries (Efficiency) and whether the crime rate in the community has sufficiently fallen or not (Effectiveness). So this helps in understanding whether the objective was met or not.

However when we analyze the financial statement of profit making organizations then we use many profit and efficiency ratios to assess the performance of the organization. These ratios can also be helpful if the NGO is in business as well. But most of the NGOs rely on grants and these grants are subjective to their previous performance.

The NGOs are also required to publish reports according to the grant provider's enforced accounting principles, rules and guidelines. Just take the example of US-AID program that requires the Non profit organization to publish financial reports in specific format and enforces different Generally Acceptable Principles to be used in preparing these financial reports. So yes it is much more different in analyzing the financial statements of Non profit organization and profit making organization.

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Expensive department stores market service and atmosphere while less expensive stores market location and perceived lower prices
melisa1 [442]

Answer: Monopolistic competition

Explanation:

Monopolistic competition is described as a competition between firms where they offer similar services but not the same or exact services. This competition is seen in industries where differentiation is possible, example of such industries are restaurant, hairdressers, clothing, TV programs.

7 0
3 years ago
The definition of environmentalism is_____.
qwelly [4]

Answer:

C

Explanation:

because of the word "environmentalism" which gives meaning and purpose to the term as a group or movement.

8 0
2 years ago
The bookkeeper for Blossom Company asks you to prepare the following accrual adjusting entries at December 31. (If no entry is r
Alchen [17]

Answer:

The adjusting entries are given below

Explanation:

Adjusting Entries  

Dec 31 (Accrued Interest)               Debit         Credit

Interest expense                               $410  

Interest payable                                                    $410

Dec 31 (Service Revenue)               Debit         Credit

Account receivable                            $1,790

Service revenue                                                    $1,790

Dec 31 (Salary expense)                Debit         Credit

Salary expense                                $750

Salary payable                                                     $750

7 0
3 years ago
Title VII of the Civil Rights Act provides employees with a statutory right to complete religious freedom in the workplace. a. T
Norma-Jean [14]

IS TRUE ,Title VII of the Civil Rights Act provides employees with a statutory right to complete religious freedom in the workplace.

<h3>Does Title VII apply to religion?</h3>

Title VII of the Civil Rights Act of 1964 prohibits employment discrimination based on religion. This includes refusing to accommodate an employee's sincerely held religious beliefs or practices unless the accommodation would impose an undue hardship (more than a minimal burden on operation of the business)

Title VII also prohibits workplace or job segregation based on religion (including religious garb and grooming practices), such as assigning an employee to a non-customer contact position because of actual or feared customer preference.

Learn more about Civil Rights Act on:

brainly.com/question/11079956

#SPJ4

5 0
1 year ago
Brevik Builders has an expected ROE of 25%. Its dividend growth rate will be __________ if it follows a policy of paying 30% of
Tems11 [23]

Answer: C. 17.5%

Explanation:

The Return on Equity can be calculated by the formula;

ROE = Growth rate / (1 - dividend payout ratio)

25% = Growth rate / ( 1 - 30%)

Growth rate = 25% * 70%

Growth rate = 17.5%

6 0
3 years ago
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