The mfs special purpose fund

Assignment Help Business Management
Reference no: EM13300239

The Unified Path is an umbrella organization that solicits donations to support its many charitable suborganizations. One of these is the Millbridge Family Service (MFS). All transactions for MFS are handled through the MFS special purpose fund. For both the United Path general operating fund and MFS special purpose fund, show the impact of the fundamental equation of accounting of each of the following events.
•Unified Path transfers cash to the MFS bank account for $50,000 for the MFS family counseling program. This is a direct subsidy to MFS. No repayment is required.
•Unified Path has a bookkeeping department which assists the suborganizations with their purchase of insurance, supplies, payroll, and other items. This centralized approach is less expensive than if each part of the larger organization had its own bookkeeping staff. Unified Path charges MFS $400 for bookkeeping services for the month. No payment is made at this time.
•MFS borrows $20,000 from Unified Path's general fund to meet a current operating shortfall. MFS will repay this loan from money received from charges to its clients within six months.

Reference no: EM13300239

Questions Cloud

What is the angular velocity of the object : A top has a moment of inertia of 2.78 × 10^?4 kg·m^2 and is initially at rest. It is free to rotate about a vertical stationary axis. What is the angular velocity of the object
What is sorenson expected stock price in 7 years : Sorenson Corp.'s expected year-end dividend is D1 = $1.60, its required return is rs = 11.00%, its dividend yield is 6.00%, and its growth rate is expected to be constant in the future. What is Sorenson's expected stock price in 7 years, i.e., wha..
Explain why the criminal law considers certain acts illegal : Explain why the criminal law considers certain acts illegal even though the crime itself has not yet been completed or is still in the planning stages. Discuss the justification for the requirement by some conspiracy statutes for evidence of an overt..
Determine the charge on each electrode : A parallel-plate capacitor is formed from two 2.20 cm multiplied by 2.20 cm electrodes spaced 2.0 mm apart. What is the charge (in nC) on each electrode
The mfs special purpose fund : The Unified Path is an umbrella organization that solicits donations to support its many charitable suborganizations. One of these is the Millbridge Family Service (MFS). All transactions for MFS are handled through the MFS special purpose f..
Which of the following is a spontaneous source of financing : Which of the following is a spontaneous source of financing?
What payments must zach taylor make to settle : What payments must Zach Taylor make to settle the loan at the interest rate of 11%, but with the 6 payments beginning on the day the loan is signed?
Measure selection on populations after exposure to pesticide : In some species of beetles, resistance to particular pesticides is a dominant trait. To measure selection on populations after exposure to pesticide, you first establish a population consisting of a mix of resistant and non-resistant individuals and ..
Which of the following actions would improve firm liquidity : Which of the following actions would improve a firm's liquidity?

Reviews

Write a Review

Business Management Questions & Answers

  Restructuring and employee empowerment

Management Technique - Restructuring and Employee Empowerment

  Role of the business leaders to sustain change

What do you see as the role of the business leaders to sustain change

  Define nations hotels-measuring the roi in business coaching

Explain Nations Hotels-Measuring the ROI in Business Coaching and Use Microsoft Word to compare and contrast the strengths and weaknesses of this particular approach to ROI

  Explain derivative shareholder lawsuit four brothers-monnie

Explain Derivative Shareholder Lawsuit Four brothers-Monnie and When the board refused to do so and Sam initiated a lawsuit on behalf of the corporation

  Similarities and differences in process models

Similarities and differences in three of the process models and Resource: The design process models discussed in The Design Agenda

  Explain how the changes in the flsa were enacted

Explain how the changes in the FLSA were enacted and Examine the opinions and concerns that different associations, special interest groups and political groups had at the time.

  Explain how much he is over his expected goal

He is expected to maintain shrinkage of no more than 1.5% is sells volume for the period is 1.8 million, explain how much he is over his expected goal?

  Illustrate what kind of entry barriers might be faced

Illustrate what kind of entry barriers might be faced in expanding its online bookselling business into European, Asian, also Latin American markets. Elucidate how would entry mode be affected. Cite sources please.

  Explain ethical and legal environments

This analysis will an opportunity for you to compare and contrast and critically assess the impact on management decision making based on the differences in political, social, ethical, and legal environments.

  Organizational ethics and social responsibility

Should the government be more involved in the regulation of how U.S. firms and their international operations. Or, should the watchful eyes be within the business instead of outside it?

  Develops more dependent on technology certain issues

As the world develops more dependent on technology certain issues may rise with contracts and the Statute of Frauds.

  Implementation of australias carbon tax

In what ways, if at all, will the recent implementation of Australia's "Carbon Tax" affect the strategies of firms located in Australia and their domestic and international competitiveness?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd