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Contact [7]
3 years ago
7

A private not-for-profit entity receives three large cash donations: One gift of $75,000 is restricted by the donor so that it c

annot be spent for four years. One gift of $95,000 is restricted to pay the salaries of the entity's workers. One gift of $125,000 must be held forever with the income to be used to provide food for needy families. In the current year, income of $15,000 was earned but not spent. What is the increase in the current year in net assets with donor restrictions
Business
1 answer:
kupik [55]3 years ago
8 0

Answer:

$310,000

Explanation:

Calculation to determine the increase in the current year in net assets with donor restrictions

Using this formula

Net assets current year Increase=Restricted gift by donor+Restricted gift to pay salary+Restricted gift withheld+Unspent income earned

Let plug in the formula

Net assets current year Increase=$75,000+$95,000+$125,000+$15,000

Net assets current year Increase=$310,000

Therefore the increase in the current year in net assets with donor restrictions will be $310,000

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Village Corp., a calendar year corporation, began business in year 1. Village made a valid S corporation election on December 5,
sveticcg [70]

Answer:

The correct answer is letter "B": January 1, year 5.

Explanation:

The S corporation election must be made by the <em>15th day of the third month of the taxable year</em> <em>to be valid for the current taxable year</em>. If the election is made after that date, it will take effect on the first year of the next taxable year. Since Village Corp. changed into S corporation on December 5th, year 4, Village's S status will begin on January 1st, year 5.

6 0
3 years ago
On January 1, 2020, Sandhill Co., a calendar-year company, issued $1840000 of notes payable, of which $460000 is due on January
mezya [45]

Answer:

The correct answer is Option C.

Explanation:

Current liabilities are those liabilities that become due and payable within a year or less than a year while long-term liabilities become payable after a year.

At the instance of the question, the note payable is a liability. Since $460,000 becomes payable on January 1 for each of the next four years out of the total of $1,840,000, it means $460,000 is a current liability while the remaining balance of $1,380,000 is long-term.

3 0
3 years ago
Stephen (an HIM coding manager) has been tracking Gina’s coding productivity and quality over the past several months. Gina has
Orlov [11]

Answer:

<em>Performance Improvement Plan</em>

Explanation:

A performance improvement plan is <em>a structured document saying any ongoing performance problems together with the targets which a worker needs to maintain in order to restore the business's good standing (typically with a specific timeframe for achieving the plan). </em>

Gina is failing to meet her coding benchmarks, so Stephen has to regulate her work.

When an individual is put on the performance improvement plan, the employer and Management are likely to meet you to go over it and respond to questions you might have.

7 0
3 years ago
It is important when regulating a market with a natural monopoly to maintain on going business incentives for the firm involved.
Readme [11.4K]

Answer:

The natural monopoly will have incentives for efficiency and innovation

Explanation:

Monopoly my be defined as taking or having an excessive control or charge over the trade of a particular commodity or product or the control over the supply of a particular product on the market by one particular group or person.

In the context, the cost-plus approach requires the monopoly in order to change the price which includes normal return to the average cost. So the monopolist does not have any incentive for innovating efficient technology so as to reduce its cost. Thus we can promote innovation and efficiency by not using the cost plus policy.

6 0
3 years ago
Why is it important for me to conduct myself in an appropriate manner throughout recruitment and beyond?.
adoni [48]

It is important for me to conduct myself in an appropriate manner throughout recruitment and beyond to leave a good impression on others and to perform our jobs in a great way.

What is an appropriate manner?

Right or suitable; fitting.

Rare particular; own.

What is an example of a manner?

An example of manner is the way in which someone performs her job.

A way or method in which something is done or happens; mode or fashion of procedure.

Characteristic mode of acting, conducting, carrying one's self; bearing; habitual style. His natural manner makes him seem like the boss.

Learn more about this here:

brainly.com/question/27974645

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8 0
2 years ago
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