User Account

All Pages

What amount should ABC report as fund-raising expenses

Assignment Help Accounting Basics
Reference no: EM132770755

Question - Functional expenses recorded in the general ledger of ABC, a non-governmental not-for-profit organization, are as follows:

Soliciting prospective members $45,000

Printing membership benefits brochures 30,000

Soliciting membership dues 25,000

Maintaining donor list 10,000

Required - What amount should ABC report as fund-raising expenses?

a. $10,000

b. $35,000

c. $70,000

d. $110,000

Reference no: EM132770755

Questions Cloud

Relationship between awareness and cultural adaptation : What is the relationship between awareness and cultural adaptation?
Calculate the return on common share equity : Cash dividends were paid at the rate of $1 per share in 2019 and $2 per share in 2020. Calculate the return on common share equity
Managing culture in the health care organization : Describe the business perspective for inclusion of diversity management in a health care environment.
Forecast customer demand : Describe the strategies used to forecast customer demand based on your readings in chapter 2.
What amount should ABC report as fund-raising expenses : Printing membership benefits brochures 30,000 and Maintaining donor list 10,000. What amount should ABC report as fund-raising expenses
Should Gehr buy the new machine : The firm's required rate of return is 10 percent, and its marginal tax rate is 40 percent. Should Gehr buy the new machine
What impact will this have on fiscal financial reporting : Assume that a purchase invoice for $1,000 was appropriately recorded in fiscal 2019, What impact will this have on fiscal 2020 financial reporting
Explain the cost pressures on the firm : Explain the cost pressures on the firm to be successful in the new host country?
Illustrate the p-o-l-c management framework : Illustrate the P-O-L-C management framework that the firm would use in the new host country?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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