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Tems11 [23]
2 years ago
8

A private not-for-profit entity receives three large cash donations: One gift of $71,000 is restricted by the donor so that it c

annot be spent for four years. One gift of $91,000 is restricted to pay the salaries of the entity's workers. One gift of $121,000 must be held forever with the income to be used to provide food for needy families. In the current year, income of $11,000 was earned but not spent. What is the increase in the current year in net assets with donor restrictions
Business
1 answer:
Masteriza [31]2 years ago
3 0

Answer: $294,000

Explanation:

Gift of $71,000 is <u>time restricted</u> as it cannot be spent for 4 years.

Gift of $91,000 is <u>purpose restricted</u> as it must be used for the purpose of salaries.

Gift of $121,000 is <u>permanently restricted</u> as it must be held forever.

Income earned from the above gift of $11,000 is <u>purpose restricted</u> for needy families.

The gifts with donor restrictions total:

= 71,000 + 91,000 + 121,000 + 11,000

= $294,000

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Answer:

<em>Regional advertising</em>

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Examples might include using specific location billboards to provide some of  the simplest ways to reach local communities.

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3 years ago
Sara works at a printing company. She and her colleagues have to stagger
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Answer: D. Why the customer needs 5,000 extra flyers

Explanation:

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• Whether there is enough time to print the additional flyers by tomorrow.

These factors above are important as they'll determine if she can accept the request or not. For example, in a situation where there's no enough paper, then the request should not be accepted.

The least important factor for Sara to consider will be "Why the customer needs 5,000 extra flyers". This is not of concern to Sara and shouldn't bother her.

5 0
3 years ago
Read 2 more answers
which reason for holding inventory is exemplified when a firm builds up stock because they anticipate rising profit levels in th
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The expenses incurred for keeping goods or inventory in a warehouse are known as inventory holding costs.

<h3 /><h3>What is inventory holding cost?</h3>
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  • Inventory that is kept on hand is a liability that reduces profit margins and raises operating costs for firms.
  • Inventory holding expenses include rent for the facility, security fees, depreciation costs, and insurance.
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5 0
1 year ago
Denver Systems has total assets of $1,000,000; common equity of $400,000; a gross profit of $800,000; total operating expenses o
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See

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2 years ago
Bill Mitselfik has purchased a bond that was issued by Acme Chemical. This bond has a face value of $1,000 and pays a dividend o
kramer

Answer:

$1,068.02

Explanation:

For computing the selling price of the bond we need to use the Future value formula or function i.e to be shown in the attachment below:

Given that,  

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The formula is shown below:

= FV(Rate;NPER;PMT;-PV;type)

The present value comes in negative

So, after applying the above formula, the selling price of the bond is $1,068.02

7 0
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