A nonprofit consultant’s website recommends the following budget structure for new nonprofits. What is this budget structure called? What are the most important strengths and weaknesses for this type of budget structure?
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A nonprofit consultant’s website recommends the following budget structure for new nonprofits.
What is this budget structure called? What are the most important strengths and weaknesses for this type of budget structure?
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- Please answer with reason for all why the option is correct and why the other options are incorrect 13. An increase in net assets for a not-for-profit organization that would be labeled exchange revenue rather than support is: A. A donation. B. Special events. C. A pledge. D. Investment income.Home office BranchSales P 365,000 P174,000Shipment to branch 90,000Purchases from outsiders 220,000 35,000Advertising expense 13,700 2,500Salaries and Commission 35,000 9,500Rent Expense 10,000 2,000Miscellaneous expense 3,300 500Shipment from home Office 112,500Inventories, January 1:Home Office 85,000Branch:From outsiders 9,500From home office at 2018 billed price30,000Inventories, December 31:Home Office 65,000BranchFrom outsider 6,500From Home office at 2018 billed price30,0001. The branch inventory at cost on December 31, 2021 is:a. P30,500 c. P70,000b. 31,500 d. 36,5002. The combined net income of the Home Office and the Branch on December 31, 2021 is:a. P111,000 c. P250,500b. 63,000 d. 174,000Required PO. 379 #1* 1 Which of the following represents financially responsible actions? L Spending within your means IL. Paying minimum credit.card paymentseach month III. Paying yourself first IV. Spending money according to budget A land IV only B I, I, and IV only C l and Il only D IV only D.
- Balance on April 1, 2020Debtors control Dr. $65, 145Debtors control Cr. 600Creditors control Dr. 950Creditors control Cr. 75, 500Totals for the month of April 2020Cash purchases 35, 600Credit purchases 62, 600Cash Sales 47, 000Credit Sales 75, 000Contra entry: Set off 1, 800Refund to cash customers 2, 800Bad debt written off 3, 300Discount Allowed 3, 750Total payments to suppliers 87, 000Total receipt from customers 98, 800Discount received 5, 500Dishonoured cheques: customers 2, 900Increase in the allowance for bad debts 2, 100Return Inwards 2, 400Return Outwards 15, 200Balances at 30 April 2020Debtors control: Dr. ? Cr: $8 300Creditors control: Dr. $7 500 Cr: ?Required: Prepare the Sales ledger control account Prepare the Purchases control accountDEPARTMENT OF EOUCATION DIVISION OF LIPA A 75%i 12:04 EDUCATION OF DepEd Schools Division of Lipa City | City DEPARTMENT 19 68 *DIVISION ELMS Delivery Platform v2.0 *LIPA CITY indicate whether the assets, liabilities, and equity will be increased, decreased, or no effect. Transaction |1 Purchased supply on a cash Assets Liability Equity Borrowed cash from a bank 3 Paid utility expense 5 Sold merchandise for cash 4 Received cash from a customer Activity 4 Problem Solving Below is a situation to show how the accounting equation will be affected. You are tasked to determine the assets, liabilities, equity, revenue, and expenses. The initial investment of the owner in his business is cash of P100,000.00. At the end of each year, the total assets of the business amounted to P125,000.00 this consists of P75,000.00 cash. On the first month of its operations, the owner purchased an equipment worth P50,000 she paid P30,000 as a down payment and the rest will be paid in the succeeding PIVOT…onation received for specific purpose is: a. Credited to income and expenditure account b. Shown on liabilities side of Balance sheet as Donation Fund c. Debited to income and expenditure account d. Shown as asset side of Balance sheet as Donation Fund Question 14 Question text Which among the following is not an enterprise fund in a school district? a. Athletic stadium that sell tickets to events b. Bookstores c. Public parking spaces d. Cafeteria Question 15 Question text Rule by people is referred to as: a. Republic b. Oligarchy c. Democracy d. Monarchy
- on III 2020/ACT 343/D1 / Section 7 ccounting for Governmental and Non-Profit Organizations How is the Statement of Cash Flows for Proprietary Funds similar and dissimilar to a Statement of Cash Flows for a for-profit business? A BI - В I round noise 00 1.Charity Navigator (https://www.charitynavigator.org) is a website dedicated to providing information regarding not-for-profit charitable organizations. A. After reviewing the website, explain how not-for-profit organizations are rated. B. Explain why there is a need for the type of information provided by Charity Navigator. C. Choose one to two charities listed in the website. Explain the information provided about the charity (financial and nonfinancial), the rating of the charity, and any other relevant factors.ABFHRL437 Corporation's info is below: (Baruch College Exam) Sales $843,000 VC $168,600 FC $14,350 NOI $660,050 (ID#63561) Q) How much is ABFHRL437's Contribution Margin? A) $ < P.hex
- orki Saved Help Save & Exit Submit TABLE 9-2 Rates for Retirement Savings Contributions Credit Check my work Modified Adjusted Gross Income Joint Return Head of Household Determine the retirement savings contributions credit in each of the following independent cases Use Table 9-2 Over 0 Not Over Over Not Over $ 41,000 S 0 $ 30,750 All Other Filing Status Over S O Applicable Percentage Not Over $ 20,500 50% Retirement Savings Contributions 41,000 44,000 30,750 33,000 20,500 22,000 20% 44,000 68,000 33,000 51,000 22,000 34,000 10% Credit 68,000 51,000 34,000 0% A married couple filing jointly with modified AGI of $37.500 and an IRA contribution of $1,800. b. A married couple filing jointly with modified AGI of $58,000 and an IRA contribution of $1.900 c. Ahead of household taxpayer with modified AGI of $33,000 and Roth IRA contribution of $1,990 d. A single taxpayer with modified AGI of $12,000 and an IRA contribution of $2,800.Trust Fund Worksheet Background An inter vivos trust was created by Isaac Posney. Isaac owned a large department store in Juggins, Utah. Adjacent to the store, Isaac also owned a tract of land that was used as an extra parking lot when the store was having a sale or during the Christmas season. Isaac expected the land to appreciate in value and eventually be sold for an office complex or additional stores. Isaac placed the land into a charitable lead trust, which would hold the land for ten years until Isaac's son would turn 21. At that time, title would be transferred to the son. The store will pay rent to use the land during the interim. The income generated each year from this usage will be given to a local church. The land was currently valued at $416,000. During the first year of this arrangement, the trustee recorded the following cash transactions: Cash inflow: Rental income $78,000 Cash outflows: Insurance $ 5,200 Property taxes 7,800…Q12 You are required to compute the sum of Net social income to staff, community and general public as a whole, if: Net social income to General public is OMR 900 Net social income to staff is OMR 600 and Net social income to community is OMR 400. a. None of them is correct b. OMR 1,000 c. OMR 1,900 d. OMR 1,500