Not for profit organization: A non profit organization (NPO) is an organization that uses surplus revenues to achieve its goals rather than distributing them as profit or dividends. While not-for-profit organizations are permitted to generate surplus revenues‚ they must be retained by the organization for its self-preservation‚ expansion‚ or plans.[3] NPOs have controlling members or a board of directors. Many have paid staffs including management‚ while others employ unpaid volunteers and even
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The Civil War and Reconstruction made significant progress towards creating a more equal society. First of all‚ after the Civil War‚ the 13th‚ 14th‚ and 15th Amendments not only freed the enslaved‚ but gave them rights and allowed them to vote. The progress made was incredible and it was really done in a very short amount of time. The enslaved were now able to participate in government‚ work‚ own land‚ etc. We see‚ firstly‚ the 13th Amendment‚ which abolished slavery. Immediately‚ the Amendment
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2) Explain why a profit maximizing firm produces the output that equates marginal revenues to marginal costs (MR=MC). In a perfectly competitive market‚ producers are price-takers and consumers are price-takers. There are many producers‚ none having a large market share and the industry produces a standardized product‚ also free entry and exit of the industry. They produce using the optimal output rule: produce where marginal revenue equals marginal cost as Smith (1904) demonstrated. Figure
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[755] How do you gain weight? I am going to tell exactly how to gain as much weight as you want. I’ve created a new diet just for you. This diet is focused on making people’s dreams come true. Everyone secretly wants to be fat or as some people call it‚ fluffy. They want to be juicy and plump. There are five easy steps to this diet‚ in less than a week you will be on your way to obesity. Five steps is all it takes for you to gain weight so that you can feel all nice and flabby‚ I will give
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Preferred Stock Benita Becton XACC/291 08/23/13 Lisa Pendleton Preferred Stock Preferred stock is capital stock that has some contractual preferences over common stock. These particular stocks give stockholders a priority in distributions of earnings and assets in the event of liquidation. Dividend preferences are one of those features that make preferred stock attractive to investors. If the dividend rate on preferred stock is 5.00 per share‚ then common stockholders don’t receive their
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conflicts and divisions within the established church. This striking revival of religious piety and its emphasis on salvation ultimately transformed the religious order of Connecticut. The decline in piety among the second generation of Puritans‚ which stemmed from economic changes‚ political transformations‚ and Enlightenment rationalism‚ was the primary cause of the Great Awakening. During the eighteenth century‚ political uncertainty and economic instability characterized colonial life and diverted
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In the book “Not For Profit” Martha C. Nussbaum discusses how she believes the humanities is needed in modern day democracy and the important role it plays when producing informed citizens that are able to think critically. Her whole book points to the humanities as being the key to a successful democracy and should be taken into account when comparing different nation’s form of democracy. One would need to read the whole book in its entirety to fully understand her argument for the role of humanities
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The board of directors is responsible for directing all of the significant activities of the entity including the approval of operating budgets‚ marketing and sales plans‚ capital requirements‚ and distribution channels. Each partner has an equal vote on all matters involving the venture and equal representation on the board of directors. The board of directors has four positions; Banana designates two‚ while Berry designates the other two. In the event that the two parties cannot reach an agreement
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Gains from Globalisation Globalisation can lead to improvements in efficiency and gains in economic welfare. Trade enhances the division of labour as countries specialise in areas of comparative advantage Deeper relationships between markets across borders enable and encourage producers and consumers to reap the benefits of economies of scale Competitive markets reduce monopoly profits and incentivize businesses to seek cost-reducing innovations and improvements in what they sell Gains
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Session 2 : Principles of Accounting and Financial Reporting - Chapter Two Quiz 1. Which of the following is a difference between financial reporting for internal service and enterprise funds? (Points : 10) Internal service funds are reported in the governmental fund financial statements. Internal service funds are reported in the proprietary fund financial statements. Internal service funds are generally
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