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3 years ago

Record the journal entry that would be made by a nongovernmental, not-for-profit organization involved in medical research.

Business

1 answer:

ra1l [238]3 years ago

6 0

Answer:

S/n Journal Entry Debit Credit

1 Cash $1,500

Contributions-Unrestricted $500

Contributions-Temporarily Restricted $1,000

2 Pledges Receivable $700,000

Contributions-Permanently Restricted $700,000

3 Medical Research Program Expenses $1,200

Contributions-Unrestricted $1,200

4 Medical Research Program Expenses $5,000

Cash $5,000

Net Assets Release - Satisfaction of $5,000

Program Restrictions - Temporarily

Restricted

Net Assets Released- Satisfaction of $5,000

Program Restrictions-Unrestricted

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Both you and the broker might get fines and have your licenses revoked or suspended.

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1 year ago

A(n) ____ is a document that formally recognizes the existence of a project and provides direction on the project’s objectives a

kenny6666 [7]

Answer:

D. project charter

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A project charter, is responsible for stating participants, their respective roles, directions and main goals in a project. The project charter must contain the essence of a project and act as a contract between all parties involved, thus, recognizing the project's existence.

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4 years ago

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In a price system, A. relative prices change infrequently due to transaction costs. B. relative prices change constantly to ref

faust18 [17]

Answer:

B, relative prices change constantly to reflect changes in supply and demand.

Explanation:

Prices of goods and services in any market change regularly or constantly. This usually shows the changes in demand and supply of the goods or service.

When the demand for a good is high, prices change and there is an increase. When the demand for a good is low, prices also change and become low as there are not as much people willing to buy the good.

For supply, when the supply of a good or service is high, the price of the good or service is reduced as there is abundant supply of the good. But when the supply of the good is not as much the prices of the good changes as there is an increase.

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3 years ago

Consist(s) of short-term unsecured promissory notes issued by financial institutions and other major corporations.

Tcecarenko [31]

The answer would be : commercial papers

Usually, companies issued commercial papers to finance account receivable , inventories, or meeting some short-term liabilities. The maturity of commercial papers is usually less than a year and usually issued at a discount to prevail market fluctuation

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3 years ago