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A club raised 175% of its goal for a charity. The club raised $763. What was the goal?
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- 1.1.3 If the charities are split in the following percentages, 45% are environmental charities, 25% animal charities and 30% are humanitarian charities. Give the charities' percentages in the simplest ratio in the following relationship: Environmental to animals to humans. 1.1.4 If 42 charities are going to split the money of R42 345 335 evenly amongst themselves, how much will each charity get? (Round off to the nearest thousand) 1.1.5 The lottery requests that the charities divide the donation amount of R1 008 200 into the following ratio 3:1 for Project funding to salaries. Determine the amount charities will spend on project funding.A philanthropist is looking to invest in new start-up companies. She has decided to invest $200,000 in a company started by two inventors. It is decided the philanthropist will earn a 10% return on her investment and then the profits of the new company will be divided into the ratio 1:2:2. The philanthropist is represented by the first person in the ratio. Determine the amount the philanthropist receives and the amount each inventor receives if the profit is $78,000Taylor Woodley spent 50 hours building a pavilion behind the office of a private not-for-profit entity. Woodley normally charges $30 per hour but did this work for free. How should the private not-for-profit entity record this?a. Increase the fund balance by $1,500b. Increase assets and contribution revenue by $1,500.c. Increase expenses and contribution revenue by $1,500.d. Nothing should be recorded because the entity did not pay Weatherly.
- The National Lottery decided to make 2020 a year of CHARITIES. They gave a big donation of R42 345 335 to charities across the province. Use this information to answer the following questions 1.1.3 If the charities are split in the following percentages, 45% are environmental charities, 25% animal charities and 30% are humanitarian charities. Give the charities' percentages in the simplest ratio in the following relationship: Environmental to animals to humans. 1.1.4 If 42 charities are going to split the money of R42 345 335 evenly amongst themselves, how much will each charity get? (Round off to the nearest thousand) 1.1.5 The lottery requests that the charities divide the donation amount of R1 008 200 into the following ratio 3:1 for Project funding to salaries. Determine the amount charities will spend on project funding.Sir please help me urgently pleaseThe Fox Point Humane Society, a VHWO caring for lost animals, had the following financial inflows and outflows for the year ended December 31, 2018:Inflows:Cash received from federated campaign . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $650,000Cash received that is designated for 2019 operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000Contributions pledged for 2018, not yet received. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000Contributions pledged for 2019, not yet received. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000Sales of pet supplies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000Pet adoption fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60,000Outflows:Kennel operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .…
- Karen White helped organize a charity fund to help cover the medical expenses of a friend of hers who was seriously injured in a bicycle accident. The fund was named Vicky Hill Recovery Fund (VHRF). Karen contributed $1,000 of her own money to the fund. The $1,000 was paid to WKUX, a local radio station that designed and played an advertising campaign to educate the public as to the need for help. The campaign resulted in the collection of $20,000 cash. VHRF paid $12,000 to Mercy Hospital to cover Vicky's outstanding hospital cost. The remaining $8,000 was contributed to the National Cyclist Fund. Required Identify the entities that were mentioned in the scenario and explain what happened to the cash accounts of each entity that you identify. Entities Mentioned Vicky Hill Recovery Fu Karen White Effect On Cash for cash contributions, $21,000 for payment of advertising, $1,000 payment for hospital bills, $12,000 for donation to National Cyclist Fund, $8,000 by contribution, $1,000The Helpful Hands Society, formed in January 2020, undertook a fundraising campaign in the summer of 2020. The NFPO was able to raise $450,000 in pledges. The Society expects to collect at least 80 percent of these pledges. As of December 31, 2020, the society collected $125,000 in pledges from the summer campaign. Which of the following amounts is the value of net pledge receivable at December 31, 2020? $0 $125,000 $360,000 $235,000Jonny donates 10% of his money to charity. Which expression shows how much money he donates?
- The following selected transactions occurred for a nongovernmental, not-for-profit organization. 1. Received a contribution of stock to establish an endowment fund. The income from the endowment is unrestricted. The donor had acquired the stock for $23 about 20 years earlier. Its estimated fair value when donated was $250. 2. Pledges receivable at year end were $100, all from pledges received during the year. The pledges are unrestricted and 5% of the pledges are estimated to be uncollectible. The pledges expect to be collected early next year. For questions 3-5, assume that the organization has adopted a policy that restrictions on donations made for capital purposes are met when the capital item is purchased. A cash gift of $200 was received restricted for the purchase of equipment. Equipment of $80 was purchased from the gift restricted for this purpose. Depreciation expense for the year on the equipment purchased is $10. Required: Prepare the journal entries for the above…The School of Accounting (SOA) at State University is planning its annual fundraising campaign for accounting alumni. This year, the SOA is planning a call-a-thon and will ask Beta Alpha Psi members to volunteer to make phone calls to a list of 5,000 alumni. The Dean’s office has agreed to let Beta Alpha Psi use their offices from 6 p.m. to 9 p.m. each weekday so that they will have access to phones. Each volunteer will be provided with a phone and a script with an introduction and suggested responses to various questions that had been asked in the past.Carol Johnson, Beta Alpha Psi faculty advisor, estimates the following:1. Of the 5,000 phone numbers, roughly 10 percent will be wrong numbers (because alumni change addresses and phone numbers without updating State University). In that case, thestudent is instructed to apologize to the answering party, hang up, and move on to the next phone number. Each of these calls takes about three minutes.2. Another 15 percent will be correct…Assume the financial statements of a non-profit organization had the following financial data at 12-31-22: Change in net assets yr/yr $550,000 Revenue & Gains $10,550,000 Beginning year net assets $4,830,000 1)How much were the expenses for the year? 2) Assume that there were $2,100,000 of fund-raising expenses. Which of the three below areas would those expenses usually fall under: a. Unrestricted b. Temporarily restricted c. Permanently restricted
