Government and Not-For-Profit Environment TRUE/FALSE (CHAPTER 1) 1. F The main objective of a typical governmental or not-for-profit entity is to earn a profit. 2. TA government’s budget may be backed by the force of law. 3. FGovernmental entities have no need for an accounting system. 4. TA government’s internal managers rely on general purpose financial statements for a considerable amount of information about their government. 5. FGovernments and not-for-profits may never engage
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P5 – Profit & Loss and Balance Sheet Profit and Loss Sheet: | |£ |£ | |Sales: | |80‚000 | | | | | |Less Cost of Sales: | | | |Opening stock |32‚000 | | |Purchases |6‚000 | | |Less Closing stock
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builds 4 plants‚ the market price will be 9 − (2 + 4) = 3 per unit. At this price firm 1 will make a profit of 2 × 3 − 2 × 3.5 = −1 while firm 2 will make a profit of 4×3−4×3.5 = −2. Assume‚ no firm will build more than 4 plants. Cost (Q) = 3.5 * Q Price = 9 -(Q1+Q2) 1. Set up a 4-by-4 table that records the profits of each firm for each possible choice of the number of plants to build. Then‚ use your table to answer the questions below. Price Firm 2 0 1 2 3 4 0 9 8 7
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businesses use much of their cash resources to finance investment in working capital. Managing working capital effectively is therefore a vital part of making sure that business has enough cash to continue (Oliver‚ 2009). Working capital can be regarded as an engine of a business‚ it is the cash needed to pay for the day-to-day operation of the business (Jorne‚ 1992). The continuity of a business existence largely depends on the management of its working capital; inadequate working capital enervates
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Strategic Planning for Profit and Non-Profit Organizations Name School Table of Contents Abstract 3 Introduction 4 Discussion 4 Role of government in regulation of non-profit fundraising 4 Demanding of disclosure statements 4 Provision of more funding 5 Appointment of external auditors 5 Role of states in regulating non-profit fundraising 6 Sarbanes-Oxley-type legislation in non-profit fundraising 8 Importance of Sarbanes-Oxley type legislation 8
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university funding by both the federal and provincial governments explain higher university tuition. The federal cash transfer payments for education and training have been cut by $7 billion since 1993. In the 2000-2001 federal budget‚ only a $600 million increase was allocated for both health and education‚ with no real requirement that any of the money be spent on education. But the Minister of Finance was able to find $55 billion in tax cuts for corporations‚ the banks and wealthy Canadians. The money is
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Crime is on increase Unorganized society commonly caused by many reasons especially the vandalism that leads to unexpected crimes. As we know that‚ the number of crime committed is increasing day by day while there are also the varieties of its consequences as well as the solutions. In the next paragraphs‚ both causes and effects of crime will be discussed after one anther which will also be followed by the beneficial solutions. One of the causes of crime is the poor parenting skill which simply
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questions. Wherever necessary suitable assumption may be made by the candidates. Working notes should form part of the answer. 1 (a) Following two problems are regarding issues in Partnership Accounts‚ kindly solve both : [ 4 x 5 = 20 marks ] (ii) Anil and Mukesh are partners sharing profit and losses in the ratio of 3 : 2. Govind is admitted for ¼th share of firm. Thereafter Madan enters for 20 paisa in a rupee. Compute new profit sharing ratios under both the admission of partners. (iii) The following
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countries‚ an increase in crime has been blamed on violent images on television and in computer and video games. To what extent do you agree or disagree with this opinion? Nowadays‚ society exquisitely depends on science and technology. The products of technology are very familiar with us. The most popular products are televisions and computers. They seem to be a part of our life. They have two sides like everything. Today‚ I give my view about both side of them. My essay mentions an increase in crime
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for new products vary from those for established products? 6 . What are the different methods of measuring national income? Which methods have been followed in India? 7 . What do you understand by the investment multiplier? In what way does it defend the policy of public works on the part of the state during business depression? 8 . Discuss the various phases of business cycle: a. Are cyclical fluctuations necessary for economic growth? b. Suggest
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