Introduction Non-profit’s are organizations that are not in business for profit but they still have to have a certain amount of revenue to keep the organization up and functional. It is very important for the organization to have a good understanding of the group’s financials and what amount of money is needed on a daily basis. Without a good understanding of a nonprofits financials the organizations will not be functional and will not be able to fulfil the organization’s mission. This essay will
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STRATHMORE UNIVERSITY SCHOOL OF FINANCE AND APPLIED ECONOMICS BSF 1101 ACCOUNTING AND REPORTING 1/INTRODUCTION TO ACCOUNTING 9. NOT FOR PROFIT MAKING ORGANIZATIONS 9.1 Introduction These are organizations that are set up to promote or to cater for the welfare of the members involved and not to make a profit. These include clubs‚ (e.g. professional clubs‚ academic clubs‚ sports clubs)‚ welfare associations and any other societies (charitable institutions). Because these organizations are
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Assignment: Fixed cost Dora McKinney Hsm/260 Week 4 Instructor: Greg O’Donnell Fixed Costs‚ Variable Costs‚ and Break-Even Point Exercise 10.1 Month Meals Served Total Costs July 3‚500 $20‚500 Low August 4‚000 22‚600 September 4‚200 23‚350 October 4‚600 24‚500 November
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There’s no escaping the fact that college cost are rising. According to recently released reports from the College Board‚ most students and their families can expert to pay‚ on average‚ from $95 to $1‚404 more than last year for this year’s tuition and fees‚ depending on the type of college. (Collegeboard.com) The United States needs to lower the cost of college tuition; because students and parents have had to pay double the amount of money for schooling then they would have ten years ago.
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indirect costs are allocated using only one or two cost pools. All or most costs are identified as output unit-level costs. Products make diverse demands on resources because of differences in volume‚ process steps‚ batch size‚ or complexity. Products that a company is well suited to make and sell show small profits while products for which a company is less suited show large profits. 9-5 (1) Identify the activities that consume resources and assign costs to them. (2) Identify the cost driver(s)
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causes of the crisis. Frequently encountered causes include: * Revenue downturn caused by a weak economy * Overly optimistic sales projections * Poor strategic choices * Poor execution of a good strategy * High operating costs * High fixed costs that decrease flexibility * Insufficient resources * Unsuccessful R&D projects * Highly successful competitor * Excessive debt burden * Inadequate financial controls Which stage does your company belong? There are three
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A View of the Resource/Profit Model: A Non-Profit‚ Service Perspective Parents have long pursued what they consider the best education for their child(ren). However‚ horrific events like the April 1999 school shooting massacre at Columbine High School near Denver‚ Colorado or more recently‚ the March 2009 Albertville Technical High School shooting in Winnenden‚ Germany‚ which left several children dead‚ has prompted more and more parents to seek private‚ parochial‚ or Christian school alternatives
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activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH)‚ material handling (MH)‚ and number of shipments (NS) as cost drivers. Data on the cost pools and respective driver volumes follow. Product Alpha Gamma Pool Cost Pool No. 1 (Driver: DLH) 200 1800 $420‚000 Pool No. 2 (Driver: MH) 15 10 $375‚000 Pool No. 3 (Driver: NS) 2‚000 18‚000 $20‚000 1. The overhead cost allocated to Alpha by using traditional costing procedures
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finances. There are several financial positions that are established. While all points display problems with the finances‚ these perspectives are different problems. One perspective is that financial spending is usually not self-sustainable with rising costs‚ showing a need to use as many resources as possible to keep the programs alive. Some think that the limit of resources should be better distributed to academic spending. Some think that there are resources that are available for students to be paid
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After watching the “Costs of Dying” video‚ I was a little shocked. The video focused on the behind the scenes‚ of what happens during end of life care. The speaker interviewed doctors and those who play a role in dealing with the medical field to find out what really happens with patients during their end of life care. One thing that specifically stuck out to me was that many of the tests that are run on patients may not actually be needed. Instead‚ these tests are done in order to keep paying patients
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