All categories

3 years ago

A not-for-profit corporation

2 answers:

7 0

A not-for-profit corporation, also referred to as 501(c) corporations, named after the section in the Internal Revenue Code for the designation of non-profit org, is one of the possible types of corporations that, in this case, is specifically formed for purposes other than operating a profit-seeking business. A not-for-profit corporation by definition is a type of non-profit organization (NPO).

kondor19780726 [428]3 years ago

3 0

Answer:

Nonprofit?

Explanation:

I'm confused by your question

You might be interested in

Mar. 17 Received $275 from Shawn McNeely and wrote off the remainder owed of $1,000 as uncollectible. July 29 Reinstated the acc

PIT_PIT [208]

Answer:

Mar 17.

6150 Bad Debt Expense $1.000 - Debit

1010 CASH Operating Account $275 - Debit

1290 A/REC Allowance for Uncollectible Accounts $1.000 - Credit

1220 A/REC Trade Notes Receivable $275 - Credit

Jul 29.

1290 A/REC Allowance for Uncollectible Accounts $1.000 - Debit

1010 CASH Operating Account $1.000 - Debit

6150 Bad Debt Expense $1.000 - Credit

1220 A/REC Trade Notes Receivable $1.000 - Credit

Explanation:

7 0

3 years ago

Mallory hires Raghav to work for one year as an assistant manager at $5,500 per month, reserving the right to cancel the contrac

amid [387]

Answer: No, because Mallory and Raghav are not bound by the contract.

Explanation: Being bound by a contract entails being linked to a written agreement, the breaching of which could result in consequences lying with the person who breached the contract. However when this contract was entered into, there was a clause that allowed the parties to cancel the contract at any time. When Mallory fired Raghav the contract was subsequently cancelled, making the contract null and void (non - existent). This means that Raghav is not entitled to the outstanding 10 months' salaries.

7 0

3 years ago

When producers do not have to pay the full cost of producing a product, they tend to:a. overproduce the product because of a neg

victus00 [196]

Answer:

The most applicable answer from my point is in such a scenario, producers overproduce the product because of a supply-side market failure.

Explanation:

So what is market failure? Simple, Market failure occurs when a market is unable to effectively and efficiently manage its resources because of the breakdown of price mechanisms functions which rare caused by negative and sometimes positive externalities.

In here, Supply side market failure occurs when the producers don't have to pay the full cost of their output. That is the actual cost of production is greater that the recorded cost.

In Market failure, the supply and demand of the market do not meet the equilibrium price and quantity and eventually leads to the loss of social welfare and ineffective economic decision making.

Imperfect information in the market and the increase of power in the sellers side could lead to supply side market failure.

8 0

3 years ago

An example of a strategic plan would be

Serhud [2]

Retiring with no debt

7 0

3 years ago

Ehrling, Inc., manufactures metal racks for hanging clothing in retail stores. Ehrling was approached by the CEO of Carly’s Corn

Free_Kalibri [48]

Answer:

additional revenue = $26,250

relevant costs:

direct materials =350 x $82 = $28,700

direct labor = 525 x $15 = $7,875

setup hours = 1 x $5 = $5

inspection costs = 20 x $5 = $100

machining = 175 x $3 = $525

total relevant costs = $37,205

1) change in income if order is accepted:

total revenue - total relevant costs = $26,250 - $37,205 = -$10,955

the company will incur in $10,955 in losses if order is accepted.

2) if direct materials are reduced by $13 per unit = $13 x 350 = $4,550, and direct labor costs can be reduced by 0.5 x 350 = 175 hours (= 175 x $15 = $2,625) ⇒ total relevant costs will decrease by $7,175.

It is now a <u>$3,780</u> (= $10,955 - $7,175) loss if the special order is accepted.

8 0

3 years ago