User Account

All Pages

Governmental or not-for-profit organization

Assignment Help Accounting Basics
Reference no: EM13763688

You are part of a group of concerned citizens in your city and have approached the mayor to form a community organization that will provide a music outreach program for the local youth. He has given his approval and support and as the next step, chooses a board of directors and hires staff. This organization is going to be completely financed by city grants. Answer the following:

  • Is this a governmental or not-for-profit organization (NFPO)?
    • Explain your answer in detail. Support your response with a narrative containing facts or other relative information.
  • If you feel that it is an NFPO, what would need to happen to this organization for it to become a governmental organization?
  • If you feel that it is a governmental organization, what would need to happen to this organization for it to become an NFPO?

Reference no: EM13763688

Questions Cloud

Programming with control structures : Develop a Python program which will calculate the sum of an integer series, as described below. The program wil repeatedly prompt he user to enter a command (a character string).
Examination financial information for huffman trucking : Examine financial information for Huffman Trucking, within the Virtual Organization web link located on the course materials page.
Presentation for upper level management : Prepare a presentation for upper level management to explain the process by which a privately held company would transition to publicly held company.
Program to prompt the user for an arithmetic choice : The main menu of your program is to continue to prompt the user for an arithmetic choice until the user enters a sentinel value to quit the calculator program.
Governmental or not-for-profit organization : Is this a governmental or not-for-profit organization (NFPO)? Explain your answer in detail. Support your response with a narrative containing facts or other relative information.
Create input forms fleet truck maintenance database : Using Microsoft access create input forms for the Fleet Truck Maintenance Database.
Spendable resources of the entity : What is a fund and how is it used? How does the balance of a fund represent the available spendable resources of the entity?
Paid-in capital separate from earned capital : Why is it important to keep paid-in capital separate from earned capital? As an investor, is paid-in capital or earned capital more important? Explain why.
Analyze the required elements of a communication plan : Explain how change control is implemented in the information technology processes. Analyze the required elements of a communication plan.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Record the journal entry for the provision for collectible

record the journal entry for the provision for collectible account under each of the following independent assumption.

  Triple companys accountant made an entry that included the

triple companys accountant made an entry that included the following items debit postage expense 12.42 debit office

  Wesser inc has written off a 2000 account as noncollectable

wesser inc. has written off a 2000 account as noncollectable. the balance in accounts receivable was 271000 and the

  Acorporation paying tax at 35 and an individual with an

the expected pretax return on three stocks in divided between dividends and capital gains in the following way stock a

  Assume both companies use the periodic inventory system

Journalize these transactions, first on the books of Arnold Drug Stores and second on the books of Gerson Pharmaceuticals. Assume both companies use the periodic inventory system.

  Zhdanov inc forecasts that its free cash flow in the coming

zhdanov inc. forecasts that its free cash flow in the coming year that is at t 1 will be -10 million but its fcf at

  Congress recently enacted an non refundable credit based on

congress recently enacted an non refundable credit based on the cost of the qualifying alcohol and drug abuse

  Compute the current price of the bonds

Barry's Steroids Comapny has $1,000 par value bonds outstanding at 12 percent interest. The bonds will mature in 50 years. Compute the current price of the bonds if the percent yield to maturity is:

  Preston inc manufactures wooden shelving units for

preston inc. manufactures wooden shelving units for collecting and sorting mail. the company expects to produce 480

  Gross income for tax purposes

Olga, a cash basis taxpayer, sold a corporate bond with accrued interest of $300 for $10,000. Olga's cost of the bond was $10,000. What is her gross income for tax purposes?

  Carbon company has two classes of customers designated as c

carbon company has two classes of customers designated as c classand d class. the c class customers place small

  The jung corporations budget calls for the following

the jung corporations budget calls for the following productionquarter 1 45000 unitsquarter 2 38000 unitsquarter 3

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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