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Tems11 [23]
3 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]3 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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According to the U.S. Public Health Service, which of the following would be considered a significant financial interest?
adelina 88 [10]

Answer:An equity interest valued at $5,000 owned by the investigator's spouse in a company that produces products related to the investigator's institutional responsibilities.

Explanation: U.S. public health service is an organization of the United States Government, it employs about 6000 employees as public health professionals whose main aim is to promote public health,carry out activities to prevent diseases and advance public health science and Health assurance. An equity interest valued at $5,000 owned by the investigator's spouse in a company that produces products related to the investigator's institutional responsibilities would be considered as a significant Interest.

6 0
3 years ago
A certain firm produces and sells staplers. Last year, it produced 7,000 staplers and sold each stapler for $6. In producing the
ahrayia [7]

Answer:

<u>Average total cost for 7000 staplers was= $2.43</u>

Explanation:

Total Cost=Fixed Cost +Variable Cost

Fixed Cost =$45000-$28000

Fixed Cost=$27000

Average total Cost= Fixed Cost/ Quantity

=17000/7000

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4 0
3 years ago
BR Trucking has total sales of $911,300, a total asset turnover of 1.1, and a profit margin of 5.87 percent. Currently, the firm
notsponge [240]

Answer:

$2.89

Explanation:

The formula and the computation of the earning per share is shown below:

Earning per share = (Net income - preference dividend) ÷ (Number of shares)

where,

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And, the preference dividend is $0

and, the outstanding number of shares is 18,500

So earning per share is

= $53,493.31 ÷ 18,500 shares

= $2.89

3 0
3 years ago
Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $2,000 in investment expenses. T
Reil [10]

Answer:

Please check the following explanation

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Capital losses are not included in the calculation of net investment income. Therefore, $2,000 long-term capital loss would have no effect on investment income. Thus, Porters' investment income will remain $2,500.

Consequently, Porters' can deduct $2,500 of the investment interest expense and the remaining $500 of investment interest expense will be carried over to next year.

4 0
3 years ago
The lower the market price,
zalisa [80]
D the lower the taxes(I searched it up)
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1 year ago
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